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by Americanbulls.com LLC
  • English
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Last Update
18/11/2019
MARKET STATUS REPORT, 18/11/2019
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 bears are not very comfortable and they are closely watching the market for a timely entry.
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The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2102>BULLISH HARAMI</a>...NIBAS NIGBAS NIG BE C Close : 6.9000 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 NIBAS declined after the SELL signal which was issued on 07/10/2019. Since then, the stock price edged down by a hefty 21.95%. The bearish sentiment may be over now. Our system detected a BULLISH HARAMI 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 pattern, if confirmed, indicates an upside potential of 38.33%. 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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