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by Americanbulls.com LLC
  • English
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Last Update
12/08/2022
MARKET STATUS REPORT, 12/08/2022
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 slightly stronger but 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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Stock Chart
The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2102>BULLISH HARAMI</a>...0155 MALAYSIAN GENOMICS RESOURCE CNTR Close : 0.7100 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 0155 declined after the SELL signal which was issued on 28/07/2022. Since then, the stock price edged down by a hefty 32.38%. The bearish sentiment may be over now. Our system detected a BULLISH HARAMI 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 HARAMI pattern, if confirmed, indicates an upside potential of 2.62%. 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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