Title
by Americanbulls.com LLC
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Last Update
17/01/2020
MARKET STATUS REPORT, 17/01/2020
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 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 slightly stronger but the flow of money is rather balanced. You have to also know that the money waiting at the sidelines is getting more and more impatient for an entry!
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The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2103>BULLISH HARAMI CROSS</a>...HITES EMPRESAS HITES Close : 197.2400 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 HITES declined after the SELL signal which was issued on 02/01/2020. Since then, the stock price edged down by a hefty 8.99%. The bearish sentiment may be over now. Our system detected a BULLISH HARAMI CROSS 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 CROSS pattern, if confirmed, indicates an upside potential of 9.22%. 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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