Title
by Americanbulls.com LLC
  • English
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Last Update
03/07/2020
MARKET STATUS REPORT, 03/07/2020
The market is BULLISH for the moment. The bulls are dominating the market. 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 stronger and more money is flowing into the market. You have to also know that the money waiting at the sidelines is not comfortable anymore. Sideliners are worried that they may be missing the bulls’ train.
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Title
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The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2206>BEARISH DOJI STAR</a>...DAT DATAWALK Close : 165.0000 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 DAT burst higher after the BUY signal that was issued on 25/05/2020. Since then, the stock price refused to ease back and recorded a whopping gain of 112.19%. Market’s upward beat, however, is in question now. Our system detected a BEARISH DOJI STAR pattern which may be a sign of a market mood switching from bullish to bearish. This pattern deserves utmost attention, since its confirmation may well mean the end of heady sprint we witnessed so far. The BEARISH DOJI STAR pattern, if confirmed, indicates a downside potential of 6.44%. It is still early to tell if this is a market top or just a correction, but we are confident that this may be a unique opportunity to take profits. However, some patience is required at this point! Do not forget that confirmation is the prerequisite for saying goodbye to the bullish camp!
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