MARKET STATUS REPORT
Trend:
The market is moving SIDEWAYS for the moment. The bears have an upper hand, but the bulls are also not sleeping. On the other hand, we can say that there are considerable signs of unrest among the bears. They may be seriously considering taking long positions, too. In fact, there is not much appetite for confirming bearish patterns.
Money Flow:
Currently, the bulls are stronger and more money is flowing 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 ENELCHILE after the BUY signal which was issued on 15/11/2024. The stock price edged up with a decent gain of 3%. The bullish mood, however, may be over. Our system detected a BEARISH HARAMI 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
20/11/2024
 
ENELAM
 
Last Signal
BUY
2103
Buy Level
87.20
Bought at
87.85
Close
87.85
 
 
Bought on
19/11/2024
 
CAP
 
CAP
 
Last Signal
STAY LONG
0
 
Bought at
5488.00
Close
5510.90
Gain%
0.42
Bought on
19/11/2024
 
PARAUCO
 
Last Signal
STAY LONG
3209
Sell Level
1498.45
Bought at
1483.19
Close
1500.00
Gain%
1.13
Bought on
18/11/2024
 
AQUAS-A
 
Last Signal
STAY LONG
0
 
Bought at
273.86
Close
297.20
Gain%
8.52
Sold on
18/11/2024
 
ZOFRI
 
Last Signal
STAY IN CASH
0
 
Sold at
860.00
Close
851.79
Gain%
-0.95
Sold on
14/11/2024
 
Last Signal
STAY SHORT
60000
Buy Level
400.00
Sold at
395.94
Close
401.24
Loss%
1.34
Bought on
13/11/2024
 
SQM-A
 
Last Signal
STAY LONG
2203
Sell Level
35329.0
Bought at
35504.0
Close
35600.0
Gain%
0.27
Bought on
11/11/2024
 
SQM-B
 
Last Signal
STAY LONG
2207
Sell Level
37601.0
Bought at
36206.4
Close
37301.0
Gain%
3.02
Sold on
08/11/2024
 
CCU
 
Last Signal
STAY IN CASH
0
 
Sold at
5330.00
Close
5350.00
Loss%
0.38
Sold on
04/11/2024
 
EEMCL
 
Last Signal
STAY IN CASH
1101
Buy Level
42600.0
Sold at
42921.0
Close
42127.0
Gain%
-1.85
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Displayed information is based on widely-accepted methods of technical analysis based on candlestick patterns. All information is from sources deemed to be reliable, but there is no guarantee to the accuracy. Long-term investment success relies on recognizing probabilities in price action for possible future outcomes, rather than absolute certainty – risk management is critical for success. Error and uncertainty are part of any form of market analysis. Past performance is no guarantee of future performance. Investment/ trading carries significant risk of loss and you should consult your financial professional before investing or trading. Your financial adviser can give you specific financial advice that is appropriate to your needs, risk-tolerance, and financial position. Any trades or hedges you make are taken at your own risk for your own account.

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