Title
by Americanbulls.com LLC
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Last Update
11/08/2020
MARKET STATUS REPORT, 11/08/2020
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 stronger and more money is flowing out of the market. You have to also know that the bears are not very comfortable and they are closely watching the market for a timely entry.
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Title
Stock Chart
The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2101>BULLISH ENGULFING</a>...SPIR THE HOUSE OF AGRICULTURE SPIRY R Close : 0.1710 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 SPIR took a negative turn after the SHORT signal which was issued on 16/07/2020. Since then, the stock price fell down by 19.72%. There are by now decisive hints casting doubts about the continuation of the downbeat mood. Our system detected a BULLISH ENGULFING 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 ENGULFING pattern, if confirmed, indicates an upside potential of -7.05%. 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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