Title
by Americanbulls.com LLC
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Last Update
26/09/2022
MARKET STATUS REPORT, 26/09/2022
The market is EXTREMELY BEARISH for the moment. The bulls have totally disappeared. They must be hiding behind the woods, waiting for the right time for a counterattack! On the other hand, we can say that there are considerable signs of unrest among the bulls. They may be seriously considering taking short positions, too. 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 money invested in the shares is getting more and more impatient for an exit!
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The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2103>BULLISH HARAMI CROSS</a>...FRIGO FRIGOGLASS R Close : 0.0900 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 FRIGO declined after the SELL signal which was issued on 25/08/2022. Since then, the stock price edged down by a hefty 27.42%. The bearish sentiment may be over now. Our system detected a BULLISH HARAMI CROSS 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 CROSS pattern, if confirmed, indicates an upside potential of 8.81%. 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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