Title
by Americanbulls.com LLC
  • English
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Last Update
12.12.2018
MARKET STATUS REPORT, 12.12.2018
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 can say that insurgence among the bears may be imminent. They may change their positions and start buying soon. Currently, the bulls are very strong and the money is flowing in one direction only, into the market. 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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DOF.OL (OSE)
 
 
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Stock Chart
The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2101>BULLISH ENGULFING</a>...DOF.OL DOF Close : 4.0600 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 DOF.OL took a negative turn after the SHORT signal which was issued on 07.11.2018. Since then, the stock price fell down by 37.35%. There are by now decisive hints casting doubts about the continuation of the downbeat mood. Our system detected a BULLISH ENGULFING 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 ENGULFING pattern, if confirmed, indicates an upside potential of 0.36%. 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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