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by Americanbulls.com LLC
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Last Update
02.02.2023
MARKET STATUS REPORT, 02.02.2023
The market is BULLISH for the moment. The bulls are dominating the market. 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 stronger and more money is flowing 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=1101>BULLISH HAMMER</a>...INDEX.ST InDex Pharmaceuticals Holding Close : 0.4550 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 INDEX.ST took a negative turn after the SHORT signal which was issued on 28.12.2022. Since then, the stock price fell down by 46.78%. There are by now decisive hints casting doubts about the continuation of the downbeat mood. Our system detected a BULLISH HAMMER 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 HAMMER pattern, if confirmed, indicates an upside potential of 0.79%. 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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