Title
by Americanbulls.com LLC
  • English
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Last Update
10/12/2018
MARKET STATUS REPORT, 10/12/2018
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 bulls are stronger and more money is flowing 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.
Recommended Shares
 
 
 
BEARISH PATTERNS
 
8311 (TADAWUL)
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Stock Chart
The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2207>BEARISH MEETING LINE</a>...8311 عناية السعودية للتأمين التعاوني Close : 31.0500 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 8311 burst higher after the BUY signal that was issued on 27/11/2018. Since then, the stock price refused to ease back and recorded a whopping gain of 15.86%. Market’s upward beat, however, is in question now. Our system detected a BEARISH MEETING LINE 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 MEETING LINE pattern, if confirmed, indicates a downside potential of 10.73%. 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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Last EOD Update Results 
Date 
Symbol 
Signal 
Avg. Price 
Signal 
Pattern 
Last 
Change% 
09/12/2018
8030  
SELL16.9600STAY IN CASH
0
16.7400-1.30
04/12/2018
EGCH.CA  
SELL6.4400STAY IN CASH
2111
6.1700-4.19

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