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 stronger and more money is flowing out of 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 how 2040 displayed a rally after the BUY signal which was issued on 15/04/2024. Since then, the gain in this stock stretched to a whopping 7%. We see, however, enough hints pointing to the fact that the conditions are now ripening for at least a market correction. Our system confirmed this emerging bearish mood by issuing a SELL signal. The signal has just been issued, so it is not late to run to safety by selling this stock. It is still early to say if this is a decisive market top or merely a correction but it is evidently the right time to take the profits in order to prevent any disappointment in the future.
Watch Recommended Stocks
Sold on
18/04/2024
 
1020
Last Signal
SELL
2208
Sell Level
21.18
Sold at
21.11
Close
21.00
Gain%
-0.52
Sold on
18/04/2024
 
2040
Last Signal
SELL
4201
Sell Level
36.68
Sold at
36.50
Close
35.60
Gain%
-2.47
Bought on
18/04/2024
 
6050
Last Signal
BUY
2101
Buy Level
25.15
Bought at
25.43
Close
25.90
Gain%
1.85
Bought on
18/04/2024
 
6090
Last Signal
BUY
2101
Buy Level
16.58
Bought at
16.72
Close
16.84
Gain%
0.72
Sold on
17/04/2024
 
2190
Last Signal
STAY IN CASH
0
 
Sold at
39.65
Close
38.40
Gain%
-3.15
Sold on
17/04/2024
 
8170
Last Signal
STAY IN CASH
0
 
Sold at
25.40
Close
25.30
Gain%
-0.39
Bought on
17/04/2024
 
9535
Last Signal
STAY LONG
0
 
Bought at
5.2200
Close
5.8200
Gain%
11.49
Sold on
16/04/2024
 
1111
Last Signal
STAY IN CASH
2102
Buy Level
264.40
Sold at
268.37
Close
260.60
Gain%
-2.90
Sold on
16/04/2024
 
4250
Last Signal
STAY IN CASH
0
 
Sold at
29.46
Close
30.00
Loss%
1.83
Bought on
15/04/2024
 
8020
Last Signal
STAY LONG
2202
Sell Level
18.56
Bought at
18.08
Close
18.56
Gain%
2.65
Bought on
14/04/2024
 
6014
Last Signal
STAY LONG
2202
Sell Level
92.00
Bought at
91.28
Close
92.00
Gain%
0.79
Bought on
04/04/2024
 
3080
Last Signal
STAY LONG
0
 
Bought at
35.50
Close
35.30
Loss%
-0.56
Bought on
03/04/2024
 
1320
Last Signal
STAY LONG
0
 
Bought at
69.00
Close
82.70
Gain%
19.86
Bought on
02/04/2024
 
4290
Last Signal
STAY LONG
2201
Sell Level
33.25
Bought at
27.60
Close
33.25
Gain%
20.47
Sold on
02/04/2024
 
8120
Last Signal
STAY IN CASH
2105
Buy Level
23.02
Sold at
23.84
Close
22.66
Gain%
-4.95
Sold on
31/03/2024
 
4100
 
مكة
Last Signal
STAY IN CASH
2101
Buy Level
102.40
Sold at
107.51
Close
99.20
Gain%
-7.73
Sold on
28/03/2024
 
4210
Last Signal
STAY IN CASH
2101
Buy Level
272.00
Sold at
301.22
Close
242.80
Gain%
-19.39
Bought on
25/03/2024
 
7040
Last Signal
STAY LONG
0
 
Bought at
86.95
Close
113.60
Gain%
30.65
Sold on
24/03/2024
 
4320
Last Signal
STAY IN CASH
2101
Buy Level
27.90
Sold at
29.45
Close
27.25
Gain%
-7.47
Bought on
20/03/2024
 
1201
Last Signal
STAY LONG
2202
Sell Level
13.40
Bought at
13.19
Close
14.16
Gain%
7.35
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