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by Americanbulls.com LLC
  • English
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Last Update
22/03/2019
MARKET STATUS REPORT, 22/03/2019
The market is moving SIDEWAYS for the moment. The bulls have an upper hand, but the bears 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 bulls are stronger and more money is flowing into the market. You have to also know that the bears are not very comfortable and they are closely watching the market for a timely entry.
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ECX.AX (ASX)
 
 
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Stock Chart
The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2108>BULLISH HOMING PIGEON</a>...ECX.AX ECLIPX GROUP G Close : 0.7450 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 ECX.AX took a negative turn after the SHORT signal which was issued on 12/02/2019. Since then, the stock price fell down by 68.57%. There are by now decisive hints casting doubts about the continuation of the downbeat mood. Our system detected a BULLISH HOMING PIGEON 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 HOMING PIGEON pattern, if confirmed, indicates an upside potential of 1.58%. 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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