Our system’s recommendation today is to BUY. The BULLISH ONE WHITE SOLDIERpattern finally received a confirmation because the prices crossed above the confirmation level which was at 4,0200, and our valid average buying price stands now at 4,0300. The previousSHORT signal was issued on 14/10/2015, 14 days ago, when the stock price was 5,1800. Since then NHC.TO has fallen by-22,20%.
Pattern Description
This pattern appears in a downtrend and consists of a black candlestick and a white candlestick in which the white candlestick opens above the preceding day’s close and closes above its open. The pattern looks similar to the Bullish Harami pattern. The only difference is that the second day closes higher, which stops the engulfing of the white body by the preceding black body.