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by Americanbulls.com LLC
  • English
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Last Update
17.10.2019
MARKET STATUS REPORT, 17.10.2019
The market is moving SIDEWAYS for the moment. The bears have an upper hand, but the bulls are also not sleeping. 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 bulls are stronger and more money is flowing into 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=1101>BULLISH HAMMER</a>...TINC.DE BAUMOT GROUP Close : 2.0300 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 TINC.DE took a negative turn after the SHORT signal which was issued on 30.09.2019. Since then, the stock price fell down by 12.20%. There are by now decisive hints casting doubts about the continuation of the downbeat mood. Our system detected a BULLISH HAMMER 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 HAMMER pattern, if confirmed, indicates an upside potential of 23.21%. 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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