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by Americanbulls.com LLC
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  • English
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Last Update
17-06-2019
MARKET STATUS REPORT, 17-06-2019
The market is moving SIDEWAYS for the moment. The bears have an upper hand, but the bulls are also not sleeping. On the other hand, we cannot say that the bears are very happy, but they do not want to change their positions yet. Currently, the bears are stronger and more money is flowing out of the market. You have to also know that the money invested in shares does not feel safe anymore. Investors are worried that they may go down with the market.
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BULLISH PATTERNS
 
SAS-DKK.CO (COPENHAGEN)
 
 
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Stock Chart
The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=3101>BULLISH MORNING STAR</a>...SAS-DKK.CO SAS Close : 8.9800 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 SAS-DKK.CO took a negative turn after the SHORT signal which was issued on 06-05-2019. Since then, the stock price fell down by 29.07%. There are by now decisive hints casting doubts about the continuation of the downbeat mood. Our system detected a BULLISH MORNING STAR 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 MORNING STAR pattern, if confirmed, indicates an upside potential of -1.77%. 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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