Title
by Americanbulls.com LLC
  • English
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Last Update
22-10-2020
MARKET STATUS REPORT, 22-10-2020
The market is BEARISH for the moment. The bears 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 bears are very strong and the money is flowing in one direction only, out of the market. 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=2105>BULLISH PIERCING LINE</a>...TOM2.AS TOMTOM N.V. Close : 6.1500 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 TOM2.AS declined after the SELL signal which was issued on 14-10-2020. Since then, the stock price edged down by a hefty 9.09%. The bearish sentiment may be over now. Our system detected a BULLISH PIERCING LINE pattern which may be a sign of a market mood switching from bearish to bullish. This pattern deserves utmost attention because BUY orders must be placed immediately in case of a confirmation. The BULLISH PIERCING LINE pattern, if confirmed, indicates an upside potential of 4.68%. The massive pullback may be over, but patience is required at this point! Do not forget that confirmation is the prerequisite for any further move!
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