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by Americanbulls.com LLC
  • English
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Last Update
25-09-2020
MARKET STATUS REPORT, 25-09-2020
The market is BEARISH for the moment. The bears are dominating the market. 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 slightly stronger but the flow of money is rather balanced. 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=2107>BULLISH MEETING LINE</a>...BAMNB.AS BAM GROEP KONINKLIJKE Close : 1.0650 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 BAMNB.AS took a negative turn after the SHORT signal which was issued on 25-08-2020. Since then, the stock price fell down by 19.56%. There are by now decisive hints casting doubts about the continuation of the downbeat mood. Our system detected a BULLISH MEETING LINE 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 MEETING LINE pattern, if confirmed, indicates an upside potential of -5.63%. 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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