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by Americanbulls.com LLC
  • English
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Last Update
21/01/2022
MARKET STATUS REPORT, 21/01/2022
The market is EXTREMELY BEARISH for the moment. The bulls have totally disappeared. They must be hiding behind the woods, waiting for the right time for a counterattack! 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 shares does not feel safe anymore. Investors are worried that they may go down with the market.
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Stock Chart
The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2105>BULLISH PIERCING LINE</a>...WISH.MX CONTEXTLOGIC CL A Close : 51.2000 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 WISH.MX declined after the SELL signal which was issued on 27/12/2021. Since then, the stock price edged down by a hefty 30.10%. The bearish sentiment may be over now. Our system detected a BULLISH PIERCING LINE 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 PIERCING LINE pattern, if confirmed, indicates an upside potential of -8.81%. 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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