Title
by Americanbulls.com LLC
  • English
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Last Update
09/07/2020
MARKET STATUS REPORT, 09/07/2020
The market is moving SIDEWAYS for the moment. The bulls have an upper hand, but the bears are also not sleeping. 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 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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BEARISH PATTERNS
 
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Stock Chart
The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2202>BEARISH HARAMI</a>...ERES.QA إزدان Close : 1.3310 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 ERES.QA burst higher after the BUY signal that was issued on 22/06/2020. Since then, the stock price refused to ease back and recorded a whopping gain of 43.12%. Market’s upward beat, however, is in question now. Our system detected a BEARISH HARAMI 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 HARAMI pattern, if confirmed, indicates a downside potential of 5.73%. 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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Recommendations 
Last EOD Update Results 
Date 
Symbol 
Signal 
Avg. Price 
Signal 
Pattern 
Last 
Change% 
07/07/2020
UPP.DU  
BUY0.3000SELL
70000
0.2760-8.00
25/06/2020
IDRE.CA  
SELL26.8500STAY IN CASH
0
21.0400-21.64

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