Title
by Americanbulls.com LLC
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Last Update
02/12/2022
MARKET STATUS REPORT, 02/12/2022
The market is BEARISH for the moment. The bears are dominating the market. 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 stronger and more money is flowing 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=2101>BULLISH ENGULFING</a>...CAIROMEZ Cairo Mezz Ord Shs Close : 0.0925 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 CAIROMEZ declined after the SELL signal which was issued on 17/11/2022. Since then, the stock price edged down by a hefty 13.95%. The bearish sentiment may be over now. Our system detected a BULLISH ENGULFING 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 ENGULFING pattern, if confirmed, indicates an upside potential of -2.80%. 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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