Title
by Americanbulls.com LLC
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Last Update
24/06/2022
MARKET STATUS REPORT, 24/06/2022
The market is BULLISH for the moment. The bulls 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 stronger and more money is flowing into the market. 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=2101>BULLISH ENGULFING</a>...GALP.LS GALP ENERGIA-NOM Close : 11.2800 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 GALP.LS declined after the SELL signal which was issued on 16/06/2022. Since then, the stock price edged down by a hefty 9.72%. The bearish sentiment may be over now. Our system detected a BULLISH ENGULFING 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 ENGULFING pattern, if confirmed, indicates an upside potential of 6.62%. 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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