MARKET STATUS REPORT
Trend:
The market is EXTREMELY BEARISH for the moment. On the other hand, we can say that insurgence among the bears may be imminent. They may change their positions and start buying soon. In fact, there is not much appetite for confirming bearish patterns.
Money Flow:
Currently, the bears are very strong and the money is flowing in one direction only, out of 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 SLBEN.LS displayed a rally after the BUY signal which was issued on 20/05/2024. Since then, the gain in this stock stretched to a whopping 8%. We see, however, enough hints pointing to the fact that the conditions are now ripening for at least a market correction. Our system confirmed this emerging bearish mood by issuing a SELL signal. The signal has just been issued, so it is not late to run to safety by selling this stock. It is still early to say if this is a decisive market top or merely a correction but it is evidently the right time to take the profits in order to prevent any disappointment in the future.
Watch Recommended Stocks
Sold on
14/06/2024
 
Last Signal
SELL
2205
Sell Level
3.3500
Sold at
3.2900
Close
3.1500
Gain%
-4.26
Sold on
11/06/2024
 
RENE.LS
 
Last Signal
STAY SHORT
2103
Buy Level
2.3400
Sold at
2.3690
Close
2.3350
Gain%
-1.44
Sold on
10/06/2024
 
MAR.LS
 
Last Signal
STAY IN CASH
2102
Buy Level
1.6450
Sold at
1.6800
Close
1.6000
Gain%
-4.76
Bought on
06/06/2024
 
CTT.LS
 
Last Signal
SELL
2211
Sell Level
4.3050
Bought at
4.2880
Close
4.2150
Loss%
-1.70
Sold on
29/05/2024
 
GALP.LS
 
Last Signal
STAY IN CASH
2102
Buy Level
18.94
Sold at
19.74
Close
18.72
Gain%
-5.17
Sold on
28/05/2024
 
SON.LS
 
Sonae
 
Last Signal
STAY IN CASH
2103
Buy Level
0.9085
Sold at
0.9660
Close
0.9040
Gain%
-6.42
Sold on
17/05/2024
 
SEM.LS
 
Last Signal
STAY IN CASH
2102
Buy Level
15.20
Sold at
16.20
Close
13.98
Gain%
-13.70
Sold on
14/05/2024
 
CFN.LS
 
Last Signal
STAY IN CASH
2108
Buy Level
0.4485
Sold at
0.4450
Close
0.4430
Gain%
-0.45
Sold on
26/04/2024
 
Last Signal
STAY IN CASH
0
 
Sold at
8.3000
Close
8.3050
Loss%
0.06
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