Title
by Americanbulls.com LLC
  • English
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Last Update
2023-03-24
MARKET STATUS REPORT, 2023-03-24
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 very strong and the money is flowing in one direction only, into the market. You have to also know that the bulls are not very comfortable and they are closely watching the market for a timely exit.
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Stock Chart
The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2201>BEARISH ENGULFING</a>...546.SI Medtecs International Close : 0.1320 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 the bullish rally of 546.SI after the BUY signal which was issued on 2023-03-21. The stock price edged up with a decent gain of 20.55%. The bullish mood, however, may be over. Our system detected a BEARISH ENGULFING pattern which may be a sign of a market sentiment switching from bullish to bearish. This pattern deserves utmost attention because SHORT positions must be opened immediately in case of a confirmation. The bullish reaction rally 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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