Title
by Americanbulls.com LLC
  • English
    v
Last Update
14/11/2018
MARKET STATUS REPORT, 14/11/2018
The market is BEARISH for the moment. The bears are dominating the market. On the other hand, we cannot say that the bulls are very happy but they do not want to change their positions yet. Currently, the bears are slightly stronger and the flow of money is rather balanced. You have to also know that the bulls are not very comfortable and they are closely watching the market for a timely exit.
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BULLISH PATTERNS
 
NOG.L (LSE)
 
 
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Stock Chart
The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2105>BULLISH PIERCING LINE</a>...NOG.L NOSTRUM OIL & GAS Close : 182.4000 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 NOG.L took a negative turn after the SHORT signal which was issued on 19/10/2018. Since then, the stock price fell down by 23.60%. There are by now decisive hints casting doubts about the continuation of the downbeat mood. Our system detected a BULLISH PIERCING LINE 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 PIERCING LINE pattern, if confirmed, indicates an upside potential of 8.56%. 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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09/11/2018
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