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 can say that there are considerable signs of unrest among the bears. They may be seriously considering taking long positions, too. 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 getting more and more impatient for an entry!
OVERBOUGHT/OVERSOLD STOCKS
The chart above shows how STI.PS burst higher after the BUY signal that was issued on 11/04/2024. Since then, the stock price refused to ease back and recorded a whopping gain of 13%. Market’s upward beat, however, is in question now. Our system detected a BEARISH DOJI STAR 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
24/04/2024
 
HOME.PS
 
Last Signal
BUY
2102
Buy Level
0.8900
Bought at
0.9000
Close
0.9400
Gain%
4.44
Bought on
24/04/2024
 
MM.PS
 
Last Signal
BUY
2103
Buy Level
0.8400
Bought at
0.8500
Close
0.8500
 
 
Bought on
23/04/2024
 
ALI.PS
 
Last Signal
STAY LONG
0
 
Bought at
27.63
Close
28.45
Gain%
2.97
Sold on
23/04/2024
 
SHNG.PS
 
Last Signal
STAY SHORT
2102
Buy Level
3.6250
Sold at
3.5900
Close
3.6000
Loss%
0.28
Sold on
23/04/2024
 
SPC.PS
 
Last Signal
STAY IN CASH
0
 
Sold at
9.6800
Close
9.3600
Gain%
-3.31
Bought on
23/04/2024
 
URC.PS
 
Last Signal
STAY LONG
0
 
Bought at
92.00
Close
93.30
Gain%
1.41
Sold on
22/04/2024
 
BEL.PS
 
Belle
 
Last Signal
STAY IN CASH
0
 
Sold at
2.0350
Close
1.9700
Gain%
-3.19
Bought on
22/04/2024
 
IMI.PS
 
Last Signal
STAY LONG
2202
Sell Level
1.6800
Bought at
1.6400
Close
1.6800
Gain%
2.44
Bought on
19/04/2024
 
REDC.PS
 
Last Signal
STAY LONG
2202
Sell Level
5.5750
Bought at
5.4200
Close
5.5900
Gain%
3.14
Bought on
18/04/2024
 
ACEN.PS
 
Last Signal
STAY LONG
0
 
Bought at
3.2450
Close
3.4200
Gain%
5.39
Sold on
16/04/2024
 
PRIM.PS
 
Last Signal
STAY SHORT
2102
Buy Level
3.8450
Sold at
4.1800
Close
3.8000
Gain%
-9.09
Bought on
15/04/2024
 
C.PS
 
Last Signal
STAY LONG
2208
Sell Level
1.3100
Bought at
1.3300
Close
1.2800
Loss%
-3.76
Sold on
15/04/2024
 
MAC.PS
 
Last Signal
BUY
2105
Buy Level
4.6600
Sold at
4.9300
Close
4.7400
Gain%
-3.85
Sold on
12/04/2024
 
BKR.PS
 
Last Signal
STAY IN CASH
60000
Buy Level
1.3900
Sold at
1.3400
Close
1.3100
Gain%
-2.24
Bought on
12/04/2024
 
SSP.PS
 
Last Signal
STAY LONG
2208
Sell Level
1.8450
Bought at
1.8450
Close
1.8600
Gain%
0.81
Sold on
11/04/2024
 
PLUS.PS
 
Last Signal
BUY
2110
Buy Level
10.16
Sold at
12.95
Close
10.52
Gain%
-18.76
Sold on
02/04/2024
 
ABA.PS
 
Last Signal
STAY IN CASH
2102
Buy Level
1.0100
Sold at
1.2600
Close
1.0100
Gain%
-19.84
Sold on
07/03/2024
 
PNB.PS
 
Last Signal
BUY
2103
Buy Level
19.34
Sold at
20.38
Close
19.40
Gain%
-4.81
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