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 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 not comfortable anymore. Sideliners are worried that they may be missing the bulls’ train.
OVERBOUGHT/OVERSOLD STOCKS
CFN.LS Cofina SGPS (LISBON) [Oversold]
CFN.LS (LISBON) [Oversold]
The chart above shows how CFN.LS dropped after the SELL signal which was issued on 22/11/2023. Since then, the stock price edged down by a hefty 3%. This brutal bear move, however, may be over now. Our system verifies this change of mood by issuing a BUY signal. The signal has just been issued, so it is not late at all to throw the dice for a possible run-up. The overstretched correction seems to be over, at least for the moment. It may be the right time to join the bulls who started to show a reinstated enthusiasm for this stock.
Watch Recommended Stocks
Bought on
04/12/2023
 
CFN.LS
 
Cofina SGPS
 
Last Signal
BUY
2103
Buy Level
0.4240
Bought at
0.4260
Close
0.4380
Gain%
2.82
Sold on
01/12/2023
 
INA.LS
 
Inapa Investimentos Participacoes E Gestao
 
Last Signal
STAY IN CASH
2106
Buy Level
0.0351
Sold at
0.0357
Close
0.0350
Gain%
-1.96
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