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by Americanbulls.com LLC
  • English
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Last Update
2022-06-24
MARKET STATUS REPORT, 2022-06-24
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 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 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>...1610.HK 中糧肉食 Close : 3.6900 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 the bullish rally of 1610.HK after the BUY signal which was issued on 2022-06-08. The stock price edged up with a decent gain of 21.18%. The bullish mood, however, may be over. Our system detected a BEARISH ENGULFING pattern which may be a sign of a market sentiment switching from bullish to bearish. This pattern deserves utmost attention because STAY LONG positions must be opened immediately in case of a confirmation. The BEARISH ENGULFING pattern, if confirmed, indicates a downside potential of 5.89%. The bullish reaction rally 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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Last EOD Update Results 
Date 
Symbol 
Signal 
Avg. Price 
Signal 
Pattern 
Last 
Change% 
2022-06-22
2048.HK  
SELL1.2800STAY IN CASH
2102
1.1500-10.16
2022-06-21
1769.HK  
SELL0.8700STAY IN CASH
0
0.6800-21.84
2022-06-16
2013.HK  
SELL5.1600BUY
2102
5.8800+13.95
2022-06-14
1112.HK  
SELL10.0400BUY
2103
9.7200-3.19

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