ARMP AMEX
Armata Pharmaceuticals
STAY SHORT
Close
2.7306
Prev.Close
2.8200
Change
-0.0894
Change%
-3.17%
BULLISH PIERCING LINE
Sold at
3.3250
Open
2.7800
High
3.1100
Low
2.6500
Close
2.7306
Gain%
-17.88%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Our system’s recommendation today is to STAY SHORT. The previous SHORT signal was issued on 09/01/2023, 19 days ago, when the stock price was 3.3250. Since then ARMP has fallen by -17.88%.
Bear market rallies may be vicious reversals, giving hard times to those holding short positions; so, it is better to be on alert despite the relative comfort provided by the current bearish trend. There is a bullish pattern to be confirmed, but the share price is still not above its confirmation level and the signal is suggesting to STAY SHORT; however, the chance of a bullish confirmation that will change the signal to BUY is quite high. The Delayed Intraday Module is ON. Given the risks involved, we strongly suggest you to follow price movements on an intraday basis.
This is a bottom reversal pattern with two candlesticks. A black candlestick appears on the first day while a downtrend is in progress. The second day opens at a new low, with a gap down and closes more than halfway into the prior black body, leading to the formation of a strong white candlestick. more...
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