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by Americanbulls.com LLC
  • English
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Last Update
2019-08-16
MARKET STATUS REPORT, 2019-08-16
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 cannot say that the bears are very happy, but they do not want to change their positions yet. Currently, the bears are slightly stronger and the flow of money is rather balanced. 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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BS6.SI (SGX)
 
 
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Stock Chart
The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2111>BULLISH ONE WHITE SOLDIER</a>...BS6.SI YANGZIJIANG SHIPBLDG HOLDINGS Close : 0.9900 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 BS6.SI declined after the SELL signal which was issued on 2019-07-24. Since then, the stock price edged down by a hefty 33.56%. The bearish sentiment may be over now. Our system detected a BULLISH ONE WHITE SOLDIER 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 ONE WHITE SOLDIER pattern, if confirmed, indicates an upside potential of 5.70%. 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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