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by Americanbulls.com LLC
  • English
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Last Update
20.04.2018
MARKET STATUS REPORT, 20.04.2018
The market is BULLISH for the moment. The bulls are dominating the market. 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 invested in shares does not feel safe anymore. Investors are worried that they may go down with the market.
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BEARISH PATTERNS
 
ONCO.ST (STOCKHOLM)
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Stock Chart
The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=4201>BEARISH THREE GAP UPS</a>...ONCO.ST ONCOPEPTIDES Close : 109.4000 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 ONCO.ST burst higher after the BUY signal that was issued on 16.04.2018. Since then, the stock price refused to ease back and recorded a whopping gain of 28.25%. Market’s upward beat, however, is in question now. Our system detected a BEARISH THREE GAP UPS pattern which may be a sign of a market mood switching from bullish to bearish. This pattern deserves utmost attention, since its confirmation may well mean the end of heady sprint we witnessed so far. The BEARISH THREE GAP UPS pattern, if confirmed, indicates a downside potential of 9.38%. It is still early to tell if this is a market top or just a correction, but we are confident that this may be a unique opportunity to take profits. However, some patience is required at this point! Do not forget that confirmation is the prerequisite for saying goodbye to the bullish camp!
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