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by Americanbulls.com LLC
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Last Update
11.06.2021
MARKET STATUS REPORT, 11.06.2021
The market is BULLISH for the moment. The bulls are dominating the market. 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 bears are very strong and the money is flowing in one direction only, 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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Stock Chart
The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=3110>BULLISH TWO RABBITS</a>...FCX.VI FREEPORT MCMORAN Close : 33.7600 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 FCX.VI declined after the SELL signal which was issued on 03.06.2021. Since then, the stock price edged down by a hefty 4.74%. The bearish sentiment may be over now. Our system detected a BULLISH TWO RABBITS pattern which may be a sign of a market mood switching from bearish to bullish. This pattern deserves utmost attention because BUY orders must be placed immediately in case of a confirmation. The BULLISH TWO RABBITS pattern, if confirmed, indicates an upside potential of 0.00%. The massive pullback may be over, but patience is required at this point! Do not forget that confirmation is the prerequisite for any further move!
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