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by Americanbulls.com LLC
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Last Update
17/09/2020
MARKET STATUS REPORT, 17/09/2020
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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The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2109>BULLISH MATCHING LOW</a>...AEROMEX.MX GRUPO AEROMEXICO Close : 4.3300 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 AEROMEX.MX declined after the SELL signal which was issued on 24/08/2020. Since then, the stock price edged down by a hefty 22.12%. 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 3.18%. 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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