The chart above shows the bullish rally of EALR.CA
after the BUY
signal which was issued on 9/22/2014. The stock price edged up with a decent gain of 59.33%. The bullish mood, however, may be over. Our system detected a BEARISH MEETING LINE
pattern which may be a sign of a market sentiment switching from bullish to bearish. This pattern deserves utmost attention because STAY LONG positions must be opened immediately in case of a confirmation. The BEARISH MEETING LINE
pattern, if confirmed, indicates a downside potential of 14.14%. The bullish reaction rally may be over, but patience is required at this point! Do not forget that confirmation is the prerequisite for any further move!