ALFEN.AS (EURONEXT)

ALFEN.AS AMSTERDAM

Alfen

STAY SHORT

61.56

Prev.Close

64.20

Change

-2.6400

Change%

-4.11%

BULLISH THREE GAP DOWNS

Sold at

66.05

Open

64.12

High

64.34

Low

61.56

Gain%

-6.80%

Signal History

Date	Price	Signal	Change%	€100⇨
05-06	66.05	SHORT	-6.8%	79
24-05	66.28	BUY	-0.3%	79
22-05	66.93	SHORT	-1.0%	79
15-05	75.91	BUY	-11.8%	90
11-05	76.22	SELL	-0.4%	90
03-05	75.93	BUY	+0.4%	89
28-04	73.42	SELL	+3.4%	90
21-04	71.61	BUY	+2.5%	87
17-04	72.87	SELL	-1.7%	88
12-04	73.56	BUY	-0.9%	89
06-04	72.72	SELL	+1.2%	89
17-03	72.16	BUY	+0.8%	88
13-03	73.07	SHORT	-1.2%	87
06-03	75.43	BUY	-3.1%	90
24-02	76.60	SHORT	-1.5%	89
22-02	76.61	BUY	0.0%	90
17-02	79.23	SHORT	-3.3%	87
14-02	85.34	BUY	-7.2%	94
07-02	89.21	SELL	-4.3%	94
18-01	82.20	BUY	+8.5%	87
12-01	77.08	SHORT	+6.6%	93
09-01	82.80	BUY	-6.9%	101
04-01	84.37	SHORT	-1.9%	99
29-12	84.83	BUY	-0.5%	100

† Trade commissions are taken as 0.15%.

Pattern & Confirmation Chart for the Last 6 Months

Our system’s recommendation today is to STAY SHORT. The previous SHORT signal was issued on 05-06-2023, 2 days ago, when the stock price was 66.05. Since then ALFEN.AS has fallen by -6.80%.

With the bullish pattern detected today candlesticks warned short sellers to be on alert. Market sentiment may be changing in the direction of the bulls. Based on this pattern, in response to emerging market bullishness the system established new confirmation and stop loss levels. The signal tells us to STAY SHORT, but 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 four day bullish reversal pattern. It consists of three consecutive days each gapping lower on the open. After Three Gap Downs the market becomes extremely oversold and ready for the reversal of the current downtrend. more...

Date	Price	Signal	Change%	€100⇨
05-06	66.05	SHORT	-6.8%	220
24-05	66.28	BUY	-0.3%	221
22-05	66.93	SHORT	-1.0%	220
15-05	75.91	BUY	-11.8%	250
11-05	76.22	SELL	-0.4%	250
03-05	75.93	BUY	+0.4%	250
28-04	73.42	SELL	+3.4%	250
21-04	71.61	BUY	+2.5%	244
17-04	72.87	SELL	-1.7%	245
12-04	73.56	BUY	-0.9%	247
06-04	72.72	SELL	+1.2%	248
17-03	72.16	BUY	+0.8%	246
13-03	73.07	SHORT	-1.2%	244
06-03	75.43	BUY	-3.1%	253
24-02	76.60	SHORT	-1.5%	249
22-02	76.61	BUY	0.0%	250
17-02	79.23	SHORT	-3.3%	243
14-02	85.34	BUY	-7.2%	262
07-02	89.21	SELL	-4.3%	263
18-01	82.20	BUY	+8.5%	243
12-01	77.08	SHORT	+6.6%	261
09-01	82.80	BUY	-6.9%	281
04-01	84.37	SHORT	-1.9%	277
29-12	84.83	BUY	-0.5%	279
14-12	91.24	SELL	-7.0%	279
01-12	93.62	BUY	-2.5%	287
29-11	90.32	SHORT	+3.7%	299
25-11	94.30	BUY	-4.2%	313
21-11	90.04	SHORT	+4.7%	329
15-11	90.65	BUY	-0.7%	333
31-10	107.55	SELL	-15.7%	333
13-10	95.57	BUY	+12.5%	296
07-10	97.05	SHORT	-1.5%	293
03-10	95.33	BUY	+1.8%	289
19-09	100.97	SHORT	-5.6%	274
24-08	104.35	BUY	-3.2%	284
12-08	114.59	SELL	-8.9%	285
10-08	114.15	BUY	+0.4%	284
08-08	113.79	SELL	+0.3%	284
18-07	100.43	BUY	+13.3%	251