Bullboard - Stock Discussion Forum Sun Life Financial Inc T.SLF.PR.H

Primary Symbol: T.SLF Alternate Symbol(s): SLF | T.SLF.PR.C | T.SLF.PR.D | T.SLF.PR.E | T.SLF.PR.G | T.SLF.PR.J | T.SLF.PR.K | SNLFF | SUNFF | SLFIF | SNLIF

Financial Services Insurance - Diversified

Sun Life Financial Inc. is a Canada-based international financial services company, which offers asset management, wealth, insurance and health solutions to individual and institutional clients. Its segments include Canada, United States (U.S.), Asset Management, Asia, and Corporate. The Canada segment provides protection, health, asset management and wealth solutions. It also offers a premier... see more

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Sun Life Financial Inc > Technical Analysis

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Post by retiredcf on Jun 16, 2020 6:27am

Technical Analysis

DAILY MARKET REPORT

Sun Life Financial Inc forms bullish "Key Reversal Bar" chart pattern
Jun 15, 2020

Recognia has detected a "Key Reversal Bar (Bullish)" chart pattern formed on Sun Life Financial Inc (SLF:TSX). This bullish signal indicates that the stock price may rise from the close of $49.85.

Tells Me: Selling pressure showing signs of exhaustion; we may see higher prices at least in the short term. A Key Reversal Bar (Bullish) develops after a strong decline. The bar shows that the price opened clearly to the downside, preferably a good deal lower than the prior close, but the bears were unable to sustain the move and after developing a wide range, the price closes near or above the prior bar's close.

This bullish pattern can be seen on the following chart and was detected by Trading Central proprietary pattern recognition technology.