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by Americanbulls.com LLC
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Last Update
03/01/2020
MARKET STATUS REPORT, 27/11/2019
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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Stock Chart
The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=72108></a>...SNC.LS SONAECOM SGPS Close : 1.9000 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 SNC.LS after the BUY signal which was issued on 14/02/2020. The stock price edged up with a decent gain of -3.06%. The bullish mood, however, may be over. Our system detected a pattern which may be a sign of a market sentiment switching from bullish to bearish. This pattern deserves utmost attention because STAY LONG positions must be opened immediately in case of a confirmation. The pattern, if confirmed, indicates a downside potential of 0.00%. 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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