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 cannot say that the bulls are very happy but they do not want to change their positions yet. In fact, there is not much appetite for confirming bearish patterns.
Money Flow:
Currently, the bulls are stronger and more money is flowing into the market. You also have to know that the money invested in the shares is getting more and more impatient for an exit!
OVERBOUGHT/OVERSOLD STOCKS
The chart above shows how MAR.LS burst higher after the BUY signal that was issued on 08/03/2024. Since then, the stock price refused to ease back and recorded a whopping gain of 8%. 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
18/03/2024
 
JMT.LS
 
Last Signal
BUY
2106
Buy Level
19.02
Bought at
19.08
Close
19.13
Gain%
0.26
Sold on
15/03/2024
 
TDSA.LS
 
Last Signal
STAY SHORT
0
 
Sold at
0.1100
Close
0.1065
Gain%
-3.18
Sold on
14/03/2024
 
NOS.LS
 
Last Signal
STAY IN CASH
0
 
Sold at
3.4240
Close
3.4280
Loss%
0.12
Sold on
12/03/2024
 
EDP.LS
 
Last Signal
STAY IN CASH
2102
Buy Level
3.6745
Sold at
3.7750
Close
3.6120
Gain%
-4.32
Bought on
08/03/2024
 
MAR.LS
 
Last Signal
STAY LONG
2201
Sell Level
1.6750
Bought at
1.5560
Close
1.6750
Gain%
7.65
Bought on
05/03/2024
 
EDPR.LS
 
Last Signal
STAY LONG
2201
Sell Level
13.15
Bought at
13.41
Close
13.00
Loss%
-3.06
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