Title
by Americanbulls.com LLC
  • English
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Last Update
2022-06-29
MARKET STATUS REPORT, 2022-06-29
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 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>...5WH.SI REX INTERNATIONAL HOLDING Close : 0.2800 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 5WH.SI declined after the SELL signal which was issued on 2022-06-13. Since then, the stock price edged down by a hefty 19.08%. 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 6.15%. 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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