#1/ reading/ Signal Update Our system’s recommendation today is to BUY.
The BULLISH ENGULFING pattern finally received a confirmation because the prices crossed above the confirmation level which was at 0.1470, and our valid average buying price stands now at 0.1472.
The previous SELL signal was issued on 12/09/2016, 20 days ago, when the stock price was 0.1398. Since then PMCB has risen by +5.29%.
#2 /pmcb/ Pattern Description This pattern is characterized by a large white body engulfing a preceding smaller black body, which appears during a downtrend. The white body does not necessarily engulf the shadows of the black body but totally engulfs the body itself. This is an important bottom reversal signal.