Royal Nickel Corp. RNKLF

Canadian Bull update

[Boych56hangenou]

ROYAL NICKEL

Last Signal: BUY

Last Pattern: BULLISH ENGULFING

Last Close:

0.5500

Change:

+0.0500

Percent change

+10.00%

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 0.5400, and our valid average buying price stands now at 0.5450. The previous SHORT signal was issued on 28/11/2018, 13 days ago, when the stock price was 0.5250. Since then RNX.TO has risen by +3.81%.

Market Outlook

The bulls have strong evidence on their side and this evidence prompts us to make a bullish bet. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is probably the right time to be part of this boost and bullish market sentiment. The market is telling you about a possible new profit. Do not miss this chance. more...

 

 

 

 

Candlestick Pattern Chart

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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. more...