Title
by Americanbulls.com LLC
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Last Update
23/10/2020
MARKET STATUS REPORT, 23/10/2020
The market is BULLISH for the moment. The bulls are dominating the market. 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 bears are not very comfortable and they are closely watching the market for a timely entry.
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Title
Stock Chart
The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2103>BULLISH HARAMI CROSS</a>...CCU COMPANIA CERVECERIAS UNIDAS Close : 4795.0000 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 CCU took a negative turn after the SHORT signal which was issued on 29/09/2020. Since then, the stock price fell down by 4.91%. There are by now decisive hints casting doubts about the continuation of the downbeat mood. Our system detected a BULLISH HARAMI CROSS 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 HARAMI CROSS pattern, if confirmed, indicates an upside potential of 3.50%. 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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