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by Americanbulls.com LLC
  • English
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Last Update
03.12.2021
MARKET STATUS REPORT, 03.12.2021
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 very strong and the money is flowing in one direction only, out of 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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The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2104>BULLISH INVERTED HAMMER</a>...BYND.VI BEYOND MEAT Close : 57.5400 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 BYND.VI declined after the SELL signal which was issued on 08.11.2021. Since then, the stock price edged down by a hefty 32.86%. The bearish sentiment may be over now. Our system detected a BULLISH INVERTED HAMMER 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 INVERTED HAMMER pattern, if confirmed, indicates an upside potential of -13.65%. 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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