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by Americanbulls.com LLC
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Last Update
18/02/2020
MARKET STATUS REPORT, 18/02/2020
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 bulls are slightly stronger but the flow of money is rather balanced. 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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Stock Chart
The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2105>BULLISH PIERCING LINE</a>...RYGYO REYSAS GYO A Close : 9.9000 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 RYGYO declined after the SELL signal which was issued on 12/02/2020. Since then, the stock price edged down by a hefty 8.92%. The bearish sentiment may be over now. Our system detected a BULLISH PIERCING 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 PIERCING LINE pattern, if confirmed, indicates an upside potential of 31.33%. 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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