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by Americanbulls.com LLC
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Last Update
22/03/2019
MARKET STATUS REPORT, 22/03/2019
The market is BEARISH for the moment. The bears 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 bears are stronger and more money is flowing out of the market. You have to also know that the money invested in shares does not feel safe anymore. Investors are worried that they may go down with the market.
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BULLISH PATTERNS
 
GCLA.BA (BUE)
 
 
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Stock Chart
The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2107>BULLISH MEETING LINE</a>...GCLA.BA GRUPO CLARIN B Close : 42.0000 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 GCLA.BA declined after the SELL signal which was issued on 27/02/2019. Since then, the stock price edged down by a hefty 10.14%. The bearish sentiment may be over now. Our system detected a BULLISH MEETING LINE 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 MEETING LINE pattern, if confirmed, indicates an upside potential of -1.56%. 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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