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 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 bulls are very strong and the money is flowing in one direction only, into the market. You also have to know that the bears are not very comfortable and they are closely watching the market for a timely entry.
OVERBOUGHT/OVERSOLD STOCKS
The chart above shows the bullish rally of OROBLANCO after the BUY signal which was issued on 04/10/2024. The stock price edged up with a decent gain of 5%. The bullish mood, however, may be over. Our system detected a BEARISH DESCENDING HAWK 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
08/10/2024
 
Last Signal
BUY
2102
Buy Level
45.56
Bought at
45.64
Close
45.64
 
 
Sold on
07/10/2024
 
SMU
 
Smu
 
Last Signal
STAY IN CASH
0
 
Sold at
148.89
Close
148.70
Gain%
-0.13
Bought on
04/10/2024
 
Last Signal
STAY LONG
0
 
Bought at
3190.93
Close
3254.20
Gain%
1.98
Sold on
02/10/2024
 
CCU
 
Last Signal
STAY IN CASH
2101
Buy Level
5203.00
Sold at
5252.49
Close
5190.00
Gain%
-1.19
Sold on
30/09/2024
 
ECL
 
Last Signal
STAY IN CASH
2103
Buy Level
871.62
Sold at
870.51
Close
869.80
Gain%
-0.08
Sold on
27/09/2024
 
BCI
 
Last Signal
STAY IN CASH
2101
Buy Level
28147.0
Sold at
28277.4
Close
27300.0
Gain%
-3.46
Sold on
27/09/2024
 
VAPORES
 
Last Signal
STAY IN CASH
2109
Buy Level
53.64
Sold at
54.54
Close
51.30
Gain%
-5.94
Sold on
25/09/2024
 
PARAUCO
 
Last Signal
STAY IN CASH
2101
Buy Level
1541.00
Sold at
1559.90
Close
1541.00
Gain%
-1.21
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