Title
by Americanbulls.com LLC
  • English
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Last Update
17/04/2019
MARKET STATUS REPORT, 17/04/2019
The market is moving SIDEWAYS for the moment. The bears have an upper hand, but the bulls are also not sleeping. On the other hand, we cannot say that the bears are very happy, but they do not want to change their positions yet. Currently, the bulls are stronger and more money is flowing into the market. You have to also know that the money waiting at the sidelines is getting more and more impatient for an entry!
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BULLISH PATTERNS
 
EDN.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>...EDN.BA EDENOR EMPRESA DISTRIBUIDORA Close : 37.6000 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 EDN.BA took a negative turn after the SHORT signal which was issued on 14/03/2019. Since then, the stock price fell down by 26.42%. There are by now decisive hints casting doubts about the continuation of the downbeat mood. Our system detected a BULLISH MEETING LINE 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 MEETING LINE pattern, if confirmed, indicates an upside potential of -0.13%. 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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