ENOR AMEX
Ishares Msci Norway ETF
STAY SHORT
Close
27.15
Prev.Close
27.46
Change
-0.3100
Change%
-1.13%
BULLISH MEETING LINE
Sold at
27.90
Open
27.16
High
27.22
Low
27.04
Close
27.15
Gain%
-2.67%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Signal Update
Today's recommendation from our system is to STAY SHORT. The previous SHORT signal was issued on 07/11/2025, 6 days ago, when the stock price was 27.90. Since then, ENOR has fallen by -2.67%.
Market Outlook
Bear market rallies can be severe reversals, causing difficulties for those holding short positions. Therefore, it's advisable to remain vigilant, despite the relative comfort provided by the ongoing 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 highly recommend closely monitoring intraday price movements.
Pattern Description
This pattern emerges during a downtrend. The first day’s black candlestick is succeeded by a white candlestick that opens significantly lower but closes at the same level as the previous session’s close. This pattern is akin to the Piercing Line pattern. However, the rebound on the second day differs. The Piercing Line’s second day closes above the midpoint of the first day’s body, whereas the Bullish Meeting Line’s second day closes at the same level as the first day. As a result, the Piercing Line is considered a more notable bottom reversal. Nonetheless, the Bullish Meeting Line also warrants due consideration. more...
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