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 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 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 not comfortable anymore. Sideliners are worried that they may be missing the bulls’ train.
OVERBOUGHT/OVERSOLD STOCKS
The chart above shows the bullish rally of CONCHATORO after the BUY signal which was issued on 19/03/2024. The stock price edged up with a decent gain of 10%. The bullish mood, however, may be over. Our system detected a BEARISH HARAMI CROSS 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
Bought on
28/03/2024
 
PARAUCO
 
Last Signal
BUY
2105
Buy Level
1424.20
Bought at
1445.30
Close
1445.30
 
 
Sold on
27/03/2024
 
IYWCL
 
Last Signal
STAY IN CASH
2103
Buy Level
133468
Sold at
132877
Close
132736
Gain%
-0.11
Bought on
27/03/2024
 
SQM-A
 
Last Signal
STAY LONG
70000
Sell Level
43999.0
Bought at
44520.0
Close
44755.0
Gain%
0.53
Bought on
27/03/2024
 
SQM-B
 
Last Signal
STAY LONG
2206
Sell Level
47624.0
Bought at
46311.7
Close
47698.0
Gain%
2.99
Sold on
26/03/2024
 
Last Signal
STAY IN CASH
2103
Buy Level
2154.80
Sold at
2155.00
Close
2149.70
Gain%
-0.25
Sold on
26/03/2024
 
ITAUCL
 
Last Signal
STAY IN CASH
2104
Buy Level
10149.0
Sold at
10088.8
Close
10112.0
Loss%
0.23
Bought on
22/03/2024
 
ECL
 
Last Signal
STAY LONG
2202
Sell Level
773.00
Bought at
779.98
Close
779.76
Loss%
-0.03
Bought on
19/03/2024
 
AAPLCL
 
Apple
 
Last Signal
SHORT
2203
Sell Level
168112
Bought at
167552
Close
167800
Gain%
0.15
Sold on
27/02/2024
 
COLBUN
 
Last Signal
STAY IN CASH
2102
Buy Level
127.13
Sold at
134.36
Close
126.95
Gain%
-5.52
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