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by Americanbulls.com LLC
  • English
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Last Update
24/11/2020
MARKET STATUS REPORT, 24/11/2020
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 money waiting at the sidelines is not comfortable anymore. Sideliners are worried that they may be missing the bulls’ train.
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BEARISH PATTERNS
 
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Stock Chart
The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2201>BEARISH ENGULFING</a>...AZS.AX AZURE MINERALS Close : 0.8200 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 AZS.AX burst higher after the BUY signal that was issued on 30/10/2020. Since then, the stock price refused to ease back and recorded a whopping gain of 127.78%. Market’s upward beat, however, is in question now. Our system detected a BEARISH ENGULFING pattern which may be a sign of a market mood switching from bullish to bearish. This pattern deserves utmost attention, since its confirmation may well mean the end of heady sprint we witnessed so far. The BEARISH ENGULFING pattern, if confirmed, indicates a downside potential of 35.31%. It is still early to tell if this is a market top or just a correction, but we are confident that this may be a unique opportunity to take profits. However, some patience is required at this point! Do not forget that confirmation is the prerequisite for saying goodbye to the bullish camp!
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Last EOD Update Results 
Date 
Symbol 
Signal 
Avg. Price 
Signal 
Pattern 
Last 
Change% 
23/11/2020
CCP.AX  
SELL24.9200STAY IN CASH
60000
24.3400-2.33
20/11/2020
NOX.AX  
SELL0.6600STAY IN CASH
0
0.6450-2.27

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