MARKET STATUS REPORT
Trend:
The market is BEARISH for the moment. The bears are dominating the market. 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 bears are stronger and more money is flowing out of the market. You also have to know that the money invested in shares does not feel safe anymore. Investors are worried that they may go down with the market.
OVERBOUGHT/OVERSOLD STOCKS
The chart above shows the bullish rally of IIA.VI after the BUY signal which was issued on 22.07.2024. The stock price edged up with a decent gain of 2%. The bullish mood, however, may be over. Our system detected a BEARISH MATCHING HIGH pattern which may be a sign of a market sentiment switching from bullish to bearish. This pattern deserves utmost attention because SHORT positions must be opened immediately in case of a confirmation. The bullish reaction rally 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
Sold on
25.07.2024
 
BG.VI
 
Last Signal
STAY IN CASH
2103
Buy Level
66.65
Sold at
66.30
Close
66.55
Loss%
0.38
Sold on
24.07.2024
 
UQA.VI
 
Last Signal
STAY SHORT
0
 
Sold at
7.9200
Close
7.8900
Gain%
-0.38
Bought on
23.07.2024
 
ZAG.VI
 
Last Signal
SHORT
2201
Sell Level
5.7800
Bought at
5.8200
Close
5.6600
Loss%
-2.75
Sold on
22.07.2024
 
NEWM.VI
 
Newmont
 
Last Signal
STAY IN CASH
2105
Buy Level
43.26
Sold at
43.17
Close
43.26
Loss%
0.21
Sold on
19.07.2024
 
TSLA.VI
 
Tesla
 
Last Signal
STAY IN CASH
2105
Buy Level
205.40
Sold at
224.96
Close
200.05
Gain%
-11.07
Sold on
08.07.2024
 
OMV.VI
 
OMV
 
Last Signal
STAY SHORT
2102
Buy Level
38.90
Sold at
41.09
Close
38.86
Gain%
-5.43
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