Title
by Americanbulls.com LLC
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Last Update
22/09/2021
MARKET STATUS REPORT, 22/09/2021
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 stronger and more money is flowing 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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Stock Chart
The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2101>BULLISH ENGULFING</a>...FIT F.I.T GROUP Close : 14400.0000 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 FIT declined after the SELL signal which was issued on 10/09/2021. Since then, the stock price edged down by a hefty 17.87%. The bearish sentiment may be over now. Our system detected a BULLISH ENGULFING 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 ENGULFING pattern, if confirmed, indicates an upside potential of 7.07%. 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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