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by Americanbulls.com LLC
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Last Update
17/01/2020
MARKET STATUS REPORT, 17/01/2020
The market is moving SIDEWAYS for the moment. The bulls have an upper hand, but the bears are also not sleeping. On the other hand, we cannot say that the bears are very happy, but they do not want to change their positions yet. Currently, the bulls are stronger and more money is flowing into 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=2109>BULLISH MATCHING LOW</a>...MFRISCOA-1.MX MINERA FRISCO Close : 3.3200 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 MFRISCOA-1.MX declined after the SELL signal which was issued on 08/01/2020. Since then, the stock price edged down by a hefty 7.00%. The bearish sentiment may be over now. Our system detected a BULLISH MATCHING LOW 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 MATCHING LOW pattern, if confirmed, indicates an upside potential of -3.48%. 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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