Title
by Americanbulls.com LLC
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Last Update
11/11/2019
MARKET STATUS REPORT, 11/11/2019
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 money waiting at the sidelines is not comfortable anymore. Sideliners are worried that they may be missing the bulls’ train.
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The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2108>BULLISH HOMING PIGEON</a>...MIG MARFIN INVEST GROUP HOLDINGS R Close : 0.0906 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 MIG took a negative turn after the SHORT signal which was issued on 29/10/2019. Since then, the stock price fell down by 16.11%. There are by now decisive hints casting doubts about the continuation of the downbeat mood. Our system detected a BULLISH HOMING PIGEON pattern, which may be a sign of a market sentiment switching from bearish to bullish. This pattern deserves utmost attention, because the SHORT positions must immediately be covered and long positions must be taken, in case of a confirmation. The BULLISH HOMING PIGEON pattern, if confirmed, indicates an upside potential of -2.47%. It may turn out to be a good opportunity for bottom fishers, but patience first! Do not forget that confirmation is the prerequisite for any further move!
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