Title
by Americanbulls.com LLC
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Last Update
21/09/2018
MARKET STATUS REPORT, 21/09/2018
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 bulls. They may be seriously considering taking short positions, too. Currently, the bulls are stronger and more money is flowing 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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MELI.BA (BUE)
 
 
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The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2103>BULLISH HARAMI CROSS</a>...MELI.BA MERCADO LIBRE INC CEDEAR Close : 6090.0000 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 MELI.BA declined after the SELL signal which was issued on 19/09/2018. Since then, the stock price edged down by a hefty 4.55%. The bearish sentiment may be over now. Our system detected a BULLISH HARAMI CROSS 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 HARAMI CROSS pattern, if confirmed, indicates an upside potential of 2.22%. 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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