Title
by Americanbulls.com LLC
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Last Update
03/12/2020
MARKET STATUS REPORT, 03/12/2020
The market is moving SIDEWAYS for the moment. The bulls have an upper hand, but the bears 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 very strong and the money is flowing in one direction only, into the market. 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=2107>BULLISH MEETING LINE</a>...MULTIFOODS MULTIEXPORT FOODS Close : 229.9400 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 MULTIFOODS declined after the SELL signal which was issued on 20/11/2020. Since then, the stock price edged down by a hefty 5.98%. The bearish sentiment may be over now. Our system detected a BULLISH MEETING 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 MEETING LINE pattern, if confirmed, indicates an upside potential of -0.58%. 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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