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by Americanbulls.com LLC
  • English
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Last Update
12/08/2022
MARKET STATUS REPORT, 12/08/2022
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 cannot say that the bulls are very happy but they do not want to change their positions yet. 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 not comfortable anymore. Sideliners are worried that they may be missing the bulls’ train.
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The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2101>BULLISH ENGULFING</a>...TL5 MEDIASET ESPANA COMUNICACION Close : 3.1300 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 TL5 took a negative turn after the SHORT signal which was issued on 04/07/2022. Since then, the stock price fell down by 18.83%. There are by now decisive hints casting doubts about the continuation of the downbeat mood. Our system detected a BULLISH ENGULFING 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 ENGULFING pattern, if confirmed, indicates an upside potential of 1.69%. 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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