Title
by Americanbulls.com LLC
  • English
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Last Update
23/01/2022
MARKET STATUS REPORT, 23/01/2022
The market is BEARISH for the moment. The bears are dominating the market. On the other hand, we can say that insurgence among the bulls may be imminent. They may change their positions and start selling soon. 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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Title
Title
Stock Chart
The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=4101>BULLISH THREE GAP DOWNS</a>...PNRG PHINERGY Close : 573.2000 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 PNRG took a negative turn after the SHORT signal which was issued on 17/01/2022. Since then, the stock price fell down by 27.70%. There are by now decisive hints casting doubts about the continuation of the downbeat mood. Our system detected a BULLISH THREE GAP DOWNS 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 THREE GAP DOWNS pattern, if confirmed, indicates an upside potential of 0.00%. 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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