Title
by Americanbulls.com LLC
  • English
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Last Update
06/12/2019
MARKET STATUS REPORT, 06/12/2019
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 bears are stronger and more money is flowing out of 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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The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2102>BULLISH HARAMI</a>...IST INFOSCAN Close : 1.4280 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 IST declined after the SELL signal which was issued on 12/11/2019. Since then, the stock price edged down by a hefty 42.42%. 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 19.58%. 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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