Morning Call 17/11/2022 - The pair of reversal candles appeared, has the market found the bottom ?
17/11/2022
Summary
Global stocks fell again. The annual inflation rate in the UK jumped to 11.1% in October from 10.1% in September, much above forecasts of 10.7%. According to preliminary statistics released by the Cabinet Office of Japan, the country's gross domestic product (GDP) shrank 0.3% in the third quarter of 2022, equivalent to a decrease in economic growth annual rate is 1.2%.
Domestic stocks reversed spectacularly with record matching order. The spreading momentum today was good, showing the response of the general money flow and helping the index close at a high level, creating a Bullish Engulfing candlestick pattern, one of the popular reversal candlesticks
- Domestic and international news
- Domestic stocks reversed spectacularly
- Technical view and recommendations #BID, #CTG, #POW
Category
Daily
Author
SSV
Details
Page: 10
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File format: pdf
Size: 1.23 MB