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by Americanbulls.com LLC
  • English
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Last Update
17/10/2018
MARKET STATUS REPORT, 17/10/2018
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 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 not comfortable anymore. Sideliners are worried that they may be missing the bulls’ train.
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BUYS
 
LNG.AX (ASX)
BULLISH PATTERNS
 
ELS.AX (ASX)
 
 
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Stock Chart
The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2101>BULLISH ENGULFING</a>...LNG.AX LIQUEFIED NATURAL GAS Close : 0.6100 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 LNG.AX dropped after the SELL signal which was issued on 03/10/2018. Since then, the stock price edged down by a hefty 13.23%. This brutal bear move, however, may be over now. Our system verifies this change of mood by issuing a BUY signal. The BULLISH ENGULFING pattern that led to this bullish signal indicates that there is an upside potential of 8.70%. The signal has just been issued, so it is not late at all to throw the dice for a possible run-up. The overstretched correction seems to be over, at least for the moment. It may be the right time to join the bulls who started to show a reinstated enthusiasm for this stock.
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Recommendations 
Last EOD Update Results 
Date 
Symbol 
Signal 
Avg. Price 
Signal 
Pattern 
Last 
Change% 
17/10/2018
LNG.AX  
BUY0.6100BUY
2101
0.61000.00
12/10/2018
GXL.AX  
SELL4.6800STAY IN CASH
2101
4.7600+1.71

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