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by Americanbulls.com LLC
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Last Update
15/07/2019
MARKET STATUS REPORT, 15/07/2019
The market is moving SIDEWAYS for the moment. The bears have an upper hand, but the bulls 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 bears are stronger and more money is flowing out of 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.
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4170 (TADAWUL)
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Stock Chart
The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2102>BULLISH HARAMI</a>...4170 شمس Close : 25.9000 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 4170 declined after the SELL signal which was issued on 18/06/2019. Since then, the stock price edged down by a hefty 6.16%. The bearish sentiment may be over now. Our system detected a BULLISH HARAMI 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 HARAMI pattern, if confirmed, indicates an upside potential of 0.85%. 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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