by Americanbulls.com LLC
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The market is BEARISH for the moment. The bears are dominating the market. On the other hand, we can say that there are considerable signs of unrest among the bears. They may be seriously considering taking long positions, too. Currently, the bulls are slightly stronger but the flow of money is rather balanced. You have to also know that the money waiting at the sidelines is getting more and more impatient for an entry!
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The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2102>BULLISH HARAMI</a>...IBS.LS IBERSOL (SGPS) Close : 3.6700 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 IBS.LS took a negative turn after the SHORT signal which was issued on 18/09/2020. Since then, the stock price fell down by 31.27%. There are by now decisive hints casting doubts about the continuation of the downbeat mood. Our system detected a BULLISH HARAMI 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 HARAMI pattern, if confirmed, indicates an upside potential of 0.39%. 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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