MARKET STATUS REPORT
Trend:
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 can say that there are considerable signs of unrest among the bears. They may be seriously considering taking long positions, too. In fact, there is not much appetite for confirming bearish patterns.
Money Flow:
Currently, the bulls are very strong and the money is flowing in one direction only, into the market. You also have to know that the money waiting at the sidelines is getting more and more impatient for an entry!
OVERBOUGHT/OVERSOLD STOCKS
The chart above shows how PSG burst higher after the BUY signal that was issued on 03/04/2024. Since then, the stock price refused to ease back and recorded a whopping gain of 3%. Market’s upward beat, however, is in question now. Our system detected a BEARISH ENGULFING 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. 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!
Watch Recommended Stocks
Bought on
18/04/2024
 
GEST
 
Last Signal
BUY
4101
Buy Level
2.7625
Bought at
2.7750
Close
2.7750
 
 
Sold on
17/04/2024
 
BKY
 
Last Signal
STAY IN CASH
2108
Buy Level
0.2095
Sold at
0.2115
Close
0.2080
Gain%
-1.65
Sold on
16/04/2024
 
AMP
 
Amper
 
Last Signal
STAY IN CASH
2111
Buy Level
0.0946
Sold at
0.0887
Close
0.0946
Loss%
6.65
Sold on
16/04/2024
 
MCM
 
Last Signal
STAY IN CASH
0
 
Sold at
11.85
Close
11.30
Gain%
-4.64
Bought on
15/04/2024
 
ETC
 
Last Signal
SHORT
2201
Sell Level
3.3800
Bought at
3.4500
Close
3.2700
Loss%
-5.22
Sold on
15/04/2024
 
LRE
 
Last Signal
STAY SHORT
0
 
Sold at
7.5300
Close
7.4000
Gain%
-1.73
Sold on
15/04/2024
 
TRE
 
Last Signal
BUY
2111
Buy Level
8.8350
Sold at
9.1375
Close
8.9400
Gain%
-2.16
Bought on
12/04/2024
 
ACS
 
Last Signal
STAY LONG
2205
Sell Level
38.28
Bought at
37.92
Close
38.28
Gain%
0.95
Sold on
12/04/2024
 
APAM
 
Aperam
 
Last Signal
STAY IN CASH
60000
Buy Level
30.16
Sold at
29.38
Close
27.40
Gain%
-6.74
Sold on
11/04/2024
 
SAN
 
Last Signal
BUY
2111
Buy Level
4.4180
Sold at
4.5459
Close
4.5445
Gain%
-0.03
Sold on
10/04/2024
 
ECR
 
Ercros
 
Last Signal
STAY IN CASH
2103
Buy Level
3.5450
Sold at
3.5550
Close
3.5450
Gain%
-0.28
Bought on
09/04/2024
 
ANA
 
Acciona
 
Last Signal
STAY LONG
3209
Sell Level
108.05
Bought at
109.53
Close
108.50
Loss%
-0.94
Sold on
09/04/2024
 
SAB
 
Last Signal
BUY
2111
Buy Level
1.4435
Sold at
1.5202
Close
1.5025
Gain%
-1.16
Sold on
05/04/2024
 
ITX
 
Last Signal
STAY IN CASH
2103
Buy Level
43.65
Sold at
45.20
Close
43.74
Gain%
-3.23
Bought on
04/04/2024
 
SNGS
 
Last Signal
SELL
2202
Sell Level
3.0000
Bought at
3.0000
Close
2.9600
Loss%
-1.33
Bought on
03/04/2024
 
PSG
 
Last Signal
STAY LONG
2201
Sell Level
1.6000
Bought at
1.5600
Close
1.6000
Gain%
2.56
Sold on
26/03/2024
 
FER
 
Last Signal
STAY IN CASH
2108
Buy Level
34.36
Sold at
36.80
Close
33.22
Gain%
-9.73
Sold on
11/03/2024
 
FDR
 
Fluidra
 
Last Signal
STAY IN CASH
2106
Buy Level
19.66
Sold at
22.16
Close
19.20
Gain%
-13.36
Bought on
08/03/2024
 
OLE
 
Deoleo
 
Last Signal
STAY LONG
2207
Sell Level
0.2150
Bought at
0.1950
Close
0.2160
Gain%
10.77
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