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by Americanbulls.com LLC
  • English
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Last Update
13/09/2019
MARKET STATUS REPORT, 13/09/2019
The market is EXTREMELY BULLISH for the moment. The bears have totally disappeared. They must be hiding in their caves, waiting for the right time for a counterattack! On the other hand, we can say that there are considerable signs of unrest among the bears. They may be seriously considering taking long positions, too. Currently, the bulls are very strong and the money is flowing in one direction only, into the market. You have to also know that the bulls are not very comfortable and they are closely watching the market for a timely exit.
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The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2102>BULLISH HARAMI</a>...BPAT.BA BANCO PATAGONIA B Close : 30.4500 chart showing Series 1 series, Series 2 series, Series 3 series, Series 4 series, Series 5 series, Series 6 series, Series 7 series, Series 8 series, Series 9 series.
The chart above shows how BPAT.BA took a negative turn after the SHORT signal which was issued on 16/08/2019. Since then, the stock price fell down by 33.52%. There are by now decisive hints casting doubts about the continuation of the downbeat mood. Our system detected a BULLISH HARAMI pattern, which may be a sign of a market sentiment switching from bearish to bullish. This pattern deserves utmost attention, because the SHORT positions must immediately be covered and long positions must be taken, in case of a confirmation. The BULLISH HARAMI pattern, if confirmed, indicates an upside potential of 6.94%. It may turn out to be a good opportunity for bottom fishers, but patience first! Do not forget that confirmation is the prerequisite for any further move!
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