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 stronger and more money is flowing out of 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
The chart above shows how ION.PS displayed a rally after the BUY signal which was issued on 11/03/2024. Since then, the gain in this stock stretched to a whopping 6%. 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
18/03/2024
 
ICT.PS
 
Last Signal
SELL
2208
Sell Level
309.87
Sold at
308.31
Close
307.20
Gain%
-0.36
Sold on
18/03/2024
 
ION.PS
 
Ionics
 
Last Signal
SELL
2205
Sell Level
1.3300
Sold at
1.3200
Close
1.3100
Gain%
-0.76
Bought on
18/03/2024
 
Last Signal
BUY
2108
Buy Level
18.09
Bought at
18.26
Close
18.40
Gain%
0.77
Bought on
15/03/2024
 
PHR.PS
 
Last Signal
STAY LONG
0
 
Bought at
0.7500
Close
1.0100
Gain%
34.67
Bought on
15/03/2024
 
PXP.PS
 
Last Signal
STAY LONG
2201
Sell Level
3.3200
Bought at
3.4300
Close
3.3200
Loss%
-3.21
Sold on
15/03/2024
 
SSI.PS
 
Last Signal
STAY IN CASH
2103
Buy Level
3.8300
Sold at
3.7900
Close
3.8000
Loss%
0.26
Sold on
15/03/2024
 
STI.PS
 
Last Signal
STAY IN CASH
0
 
Sold at
0.8200
Close
0.7700
Gain%
-6.10
Sold on
14/03/2024
 
ANI.PS
 
Last Signal
STAY IN CASH
2101
Buy Level
0.6900
Sold at
0.6800
Close
0.6900
Loss%
1.47
Bought on
14/03/2024
 
IMI.PS
 
Last Signal
SHORT
2205
Sell Level
2.3000
Bought at
2.2400
Close
2.2200
Loss%
-0.89
Bought on
14/03/2024
 
UBP.PS
 
Last Signal
STAY LONG
0
 
Bought at
40.82
Close
43.20
Gain%
5.83
Bought on
13/03/2024
 
ALI.PS
 
Last Signal
STAY LONG
0
 
Bought at
33.05
Close
32.55
Loss%
-1.51
Bought on
13/03/2024
 
Last Signal
STAY LONG
2202
Sell Level
2.0650
Bought at
2.0900
Close
2.0900
 
 
Sold on
13/03/2024
 
Last Signal
STAY IN CASH
2101
Buy Level
0.2440
Sold at
0.2440
Close
0.2400
Gain%
-1.64
Sold on
12/03/2024
 
BDO.PS
 
Last Signal
STAY SHORT
2111
Buy Level
153.00
Sold at
152.80
Close
153.00
Loss%
0.13
Bought on
11/03/2024
 
DELM.PS
 
Last Signal
STAY LONG
2208
Sell Level
5.4300
Bought at
5.4300
Close
5.5900
Gain%
2.95
Sold on
07/03/2024
 
PNB.PS
 
Last Signal
STAY IN CASH
2102
Buy Level
20.20
Sold at
20.38
Close
19.94
Gain%
-2.16
Sold on
06/03/2024
 
CNPF.PS
 
Last Signal
STAY SHORT
2103
Buy Level
35.10
Sold at
35.86
Close
34.60
Gain%
-3.51
Bought on
04/03/2024
 
SHNG.PS
 
Last Signal
STAY LONG
0
 
Bought at
3.7150
Close
3.7600
Gain%
1.21
Sold on
29/02/2024
 
DNL.PS
 
Last Signal
STAY IN CASH
2102
Buy Level
6.8900
Sold at
6.8800
Close
6.2900
Gain%
-8.58
Sold on
20/02/2024
 
SGP.PS
 
Last Signal
STAY IN CASH
60000
Buy Level
9.1000
Sold at
8.8100
Close
8.1200
Gain%
-7.83
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