The chart above shows how
RDG took a negative turn after the
SHORT signal which was issued on 16/02/2021. Since then, the stock price fell down by 15.54%. There are by now decisive hints casting doubts about the continuation of the downbeat mood. Our system detected a
BULLISH PIERCING LINE pattern, which may be a sign of a market sentiment switching from bearish to bullish. This pattern deserves utmost attention, because the
SHORT positions must immediately be covered and long positions must be taken, in case of a confirmation. The
BULLISH PIERCING LINE pattern, if confirmed, indicates an upside potential of 40.61%. It may turn out to be a good opportunity for bottom fishers, but patience first! Do not forget that confirmation is the prerequisite for any further move!