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 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 very strong and the money is flowing in one direction only, out of the market. You also have to know that the money invested in the shares is getting more and more impatient for an exit!
OVERBOUGHT/OVERSOLD STOCKS
The chart above shows how ALTR.LS burst higher after the BUY signal that was issued on 04/12/2024. Since then, the stock price refused to ease back and recorded a whopping gain of 3%. 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
20/12/2024
 
RENE.LS
 
Last Signal
BUY
2106
Buy Level
2.2375
Bought at
2.2400
Close
2.2400
 
 
Bought on
19/12/2024
 
SON.LS
 
Sonae
 
Last Signal
STAY LONG
0
 
Bought at
0.9040
Close
0.9000
Loss%
-0.44
Sold on
16/12/2024
 
PHR.LS
 
Last Signal
STAY IN CASH
2108
Buy Level
0.0506
Sold at
0.0497
Close
0.0490
Gain%
-1.41
Bought on
06/12/2024
 
IPR.LS
 
Last Signal
STAY LONG
2208
Sell Level
0.1182
Bought at
0.1200
Close
0.1135
Loss%
-5.42
Sold on
02/12/2024
 
RENE.LS
 
Last Signal
BUY
2106
Buy Level
2.2375
Sold at
2.4340
Close
2.2400
Gain%
-7.97
Sold on
28/11/2024
 
COR.LS
 
Last Signal
STAY IN CASH
2103
Buy Level
7.9850
Sold at
8.4300
Close
7.9700
Gain%
-5.46
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