MARKET STATUS REPORT
Trend:
The market is moving SIDEWAYS for the moment. The bears have an upper hand, but the bulls are also not sleeping. On the other hand, we cannot say that the bears 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 bears are slightly stronger and the flow of money is rather balanced. 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
The chart above shows how RENE.LS declined after the SELL signal which was issued on 02/12/2024. Since then, the stock price edged down by a hefty 3%. The bearish sentiment may be over now. Our system detected a BULLISH HARAMI CROSS pattern which may be a sign of a market mood switching from bearish to bullish. This pattern deserves utmost attention because BUY orders must be placed immediately in case of a confirmation. The massive pullback may be over, but patience is required at this point! Do not forget that confirmation is the prerequisite for any further move!
Watch Recommended Stocks
Bought on
06/12/2024
 
IPR.LS
 
Last Signal
STAY LONG
2208
Sell Level
0.1182
Bought at
0.1200
Close
0.1150
Loss%
-4.17
Sold on
05/12/2024
 
EGL.LS
 
Last Signal
BUY
60000
Buy Level
2.7300
Sold at
2.6750
Close
2.7780
Loss%
3.85
Sold on
02/12/2024
 
RENE.LS
 
Last Signal
STAY IN CASH
2103
Buy Level
2.3575
Sold at
2.4340
Close
2.3500
Gain%
-3.45
Sold on
28/11/2024
 
COR.LS
 
Last Signal
STAY IN CASH
2102
Buy Level
8.2400
Sold at
8.4300
Close
8.2400
Gain%
-2.25
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