Title
by Americanbulls.com LLC
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Last Update
17/01/2022
MARKET STATUS REPORT, 17/01/2022
The market is moving SIDEWAYS for the moment. The bulls have an upper hand, but the bears are also not sleeping. On the other hand, we cannot say that the bears are very happy, but they do not want to change their positions yet. Currently, the bulls are stronger and more money is flowing into the market. You have to also know that the bears are not very comfortable and they are closely watching the market for a timely entry.
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The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2202>BEARISH HARAMI</a>...AKP AKKHIE PRAKARN Close : 2.5400 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 AKP burst higher after the BUY signal that was issued on 10/01/2022. Since then, the stock price refused to ease back and recorded a whopping gain of 13.39%. Market’s upward beat, however, is in question now. Our system detected a BEARISH HARAMI pattern which may be a sign of a market mood switching from bullish to bearish. This pattern deserves utmost attention, since its confirmation may well mean the end of heady sprint we witnessed so far. The BEARISH HARAMI pattern, if confirmed, indicates a downside potential of 7.19%. It is still early to tell if this is a market top or just a correction, but we are confident that this may be a unique opportunity to take profits. However, some patience is required at this point! Do not forget that confirmation is the prerequisite for saying goodbye to the bullish camp!
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