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by Americanbulls.com LLC
  • English
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Last Update
27/11/2020
MARKET STATUS REPORT, 27/11/2020
The market is BULLISH for the moment. The bulls 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 bulls are stronger and more money is flowing into 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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The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2101>BULLISH ENGULFING</a>...GFAMSAA.MX GRUPO FAMSA A Close : 0.3580 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 GFAMSAA.MX declined after the SELL signal which was issued on 28/10/2020. Since then, the stock price edged down by a hefty 9.82%. 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 6.60%. 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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