Title
by Americanbulls.com LLC
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Last Update
12/08/2022
MARKET STATUS REPORT, 12/08/2022
The market is BULLISH for the moment. The bulls are dominating the market. 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 money waiting at the sidelines is not comfortable anymore. Sideliners are worried that they may be missing the bulls’ train.
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Stock Chart
The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2101>BULLISH ENGULFING</a>...TH.BA AT&T DRC Close : 1710.5000 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 TH.BA declined after the SELL signal which was issued on 22/07/2022. Since then, the stock price edged down by a hefty 18.10%. The bearish sentiment may be over now. Our system detected a BULLISH ENGULFING pattern which may be a sign of a market mood switching from bearish to bullish. This pattern deserves utmost attention because BUY orders must be placed immediately in case of a confirmation. The BULLISH ENGULFING pattern, if confirmed, indicates an upside potential of 16.64%. The massive pullback may be over, but patience is required at this point! Do not forget that confirmation is the prerequisite for any further move!
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Last EOD Update Results 
Date 
Symbol 
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Avg. Price 
Signal 
Pattern 
Last 
Change% 
09/08/2022
XOM.BA  
BUY5179.1170STAY LONG
2206
5355.0000+3.40

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