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 very strong and the money is flowing in one direction only, out of the market. You also have to know that the bulls are not very comfortable and they are closely watching the market for a timely exit.
OVERBOUGHT/OVERSOLD STOCKS
The chart above shows how ENELCHILE declined after the SELL signal which was issued on 01/08/2024. Since then, the stock price edged down by a hefty 11%. The bearish sentiment may be over now. Our system detected a BULLISH HOMING PIGEON pattern which may be a sign of a market mood switching from bearish to bullish. This pattern deserves utmost attention because BUY orders must be placed immediately in case of a confirmation. The massive pullback 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
05/09/2024
 
Last Signal
STAY IN CASH
0
 
Sold at
3202.70
Close
3152.90
Gain%
-1.55
Sold on
05/09/2024
 
Last Signal
STAY IN CASH
0
 
Sold at
4.5060
Close
4.1790
Gain%
-7.26
Bought on
04/09/2024
 
Last Signal
STAY LONG
2206
Sell Level
56.88
Bought at
55.32
Close
62.35
Gain%
12.71
Sold on
03/09/2024
 
LTM
 
Last Signal
STAY IN CASH
0
 
Sold at
11.73
Close
11.23
Gain%
-4.26
Sold on
29/08/2024
 
ECL
 
Last Signal
STAY SHORT
2101
Buy Level
874.00
Sold at
856.31
Close
830.00
Gain%
-3.07
Sold on
28/08/2024
 
Last Signal
STAY IN CASH
3104
Buy Level
309.98
Sold at
310.70
Close
309.13
Gain%
-0.51
Sold on
26/08/2024
 
Last Signal
STAY SHORT
2102
Buy Level
537.94
Sold at
547.00
Close
510.00
Gain%
-6.76
Sold on
26/08/2024
 
SQM-B
 
Last Signal
STAY SHORT
2102
Buy Level
34394.5
Sold at
34555.0
Close
32480.0
Gain%
-6.00
Sold on
21/08/2024
 
CCU
 
Last Signal
STAY IN CASH
2102
Buy Level
5103.10
Sold at
5377.32
Close
4980.00
Gain%
-7.39
Bought on
12/08/2024
 
IVVCL
 
Last Signal
STAY LONG
0
 
Bought at
501762
Close
514038
Gain%
2.45
Bought on
07/08/2024
 
CAP
 
CAP
 
Last Signal
STAY LONG
0
 
Bought at
5277.71
Close
5185.10
Loss%
-1.75
Sold on
31/07/2024
 
Last Signal
STAY SHORT
2103
Buy Level
12350.5
Sold at
13382.2
Close
12233.0
Gain%
-8.59
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