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by Americanbulls.com LLC
  • English
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Last Update
15.08.2018
MARKET STATUS REPORT, 15.08.2018
The market is EXTREMELY BEARISH for the moment. The bulls have totally disappeared. They must be hiding behind the woods, waiting for the right time for a counterattack! On the other hand, we can say that there are considerable signs of unrest among the bulls. They may be seriously considering taking short positions, too. Currently, the bears are stronger and more money is flowing out of the market. You have to also know that the money invested in the shares is getting more and more impatient for an exit!
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BULLISH PATTERNS
 
GIG.OL (OSE)
 
 
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Stock Chart
The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2109>BULLISH MATCHING LOW</a>...GIG.OL GAMING INNOVATION GROUP Close : 3.2600 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 GIG.OL took a negative turn after the SHORT signal which was issued on 14.08.2018. Since then, the stock price fell down by 10.19%. There are by now decisive hints casting doubts about the continuation of the downbeat mood. Our system detected a BULLISH MATCHING LOW 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 MATCHING LOW pattern, if confirmed, indicates an upside potential of 6.70%. 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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