MEXX NYSE
Direxion Daily MSCI Mexico Bull 3X Shares
STAY LONG
Close
28.27
Prev.Close
28.50
Change
-0.2300
Change%
-0.81%
BEARISH ONE BLACK CROW
Bought at
27.08
Open
28.80
High
28.80
Low
27.83
Close
28.27
Gain%
+4.36%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 11/30/2023, 7 days ago, when the stock price was 27.08. Since then MEXX has risen by +4.36%.
The market is uncertain with a negative tilt. The traders seem to be in disagreement. The negative sentiment, however, is increasing as evident from the last bearish pattern. So, it is better to be on alert. The share price is still not below the confirmation level and the signal is suggesting to STAY LONG, but the chance of a bearish confirmation that will change the signal to <SELL is quite high. The Delayed Intraday Module is ON. We strongly suggest you to follow the price action on an intraday basis, given the downside risks involved.
This pattern appears in an uptrend and consists of a white candlestick and a black candlestick in which the black candlestick opens below the preceding day’s close and closes below its open. The pattern looks similar to the Bearish Harami pattern. The only difference is that the second day closes lower, which stops the engulfing of the black body by the preceding white body. more...
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