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by Americanbulls.com LLC
  • English
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Last Update
09.04.2020
MARKET STATUS REPORT, 09.04.2020
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 cannot say that the bears 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 bears are not very comfortable and they are closely watching the market for a timely entry.
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The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2108>BULLISH HOMING PIGEON</a>...NEWTON.ST NEWTON NORDIC Close : 0.1440 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 NEWTON.ST took a negative turn after the SHORT signal which was issued on 06.03.2020. Since then, the stock price fell down by 58.86%. There are by now decisive hints casting doubts about the continuation of the downbeat mood. Our system detected a BULLISH HOMING PIGEON 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 HOMING PIGEON pattern, if confirmed, indicates an upside potential of -3.33%. 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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