The chart above shows how
SIOFF.OL displayed a rally after the
BUY signal which was issued on 12.05.2022. Since then, the gain in this stock stretched to a whopping 15.88%. We see, however, enough hints pointing to the fact that the conditions are now ripening for at least a market correction. Our system confirmed this emerging bearish mood by issuing a
SELL signal. The
BEARISH DOJI STAR pattern that led to this bearish signal indicates that there is a downside potential of 7.37%. The signal has just been issued, so it is not late to run to safety by selling this stock. It is still early to say if this is a decisive market top or merely a correction but it is evidently the right time to take the profits in order to prevent any disappointment in the future.