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by Americanbulls.com LLC
  • English
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Last Update
03/06/2020
MARKET STATUS REPORT, 03/06/2020
The market is EXTREMELY BULLISH for the moment. The bears have totally disappeared. They must be hiding in their caves, waiting for the right time for a counterattack! 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 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=2108>BULLISH HOMING PIGEON</a>...OHL OBRASCON HUARTE LAIN Close : 0.6990 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 OHL declined after the SELL signal which was issued on 26/05/2020. Since then, the stock price edged down by a hefty 7.93%. The bearish sentiment may be over now. Our system detected a BULLISH HOMING PIGEON 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 HOMING PIGEON pattern, if confirmed, indicates an upside potential of -5.31%. 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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