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 bulls are stronger and more money is flowing into the market. You also have to know that the money invested in the shares is getting more and more impatient for an exit!
The chart above shows how JMIA.BA displayed a rally after the BUY signal which was issued on 29/05/2024. Since then, the gain in this stock stretched to a whopping 53%. 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
14/06/2024
 
JMIA.BA
 
Last Signal
SELL
2201
Sell Level
12077.5
Sold at
11871.2
Close
11523.0
Gain%
-2.93
Sold on
14/06/2024
 
META.BA
 
Last Signal
SELL
2206
Sell Level
26596.0
Sold at
26427.5
Close
26427.5
 
 
Bought on
14/06/2024
 
MOLA.BA
 
Last Signal
BUY
2102
Buy Level
19672.5
Bought at
20432.7
Close
20994.0
Gain%
2.75
Sold on
13/06/2024
 
COIN.BA
 
Last Signal
STAY IN CASH
0
 
Sold at
12085.9
Close
11350.0
Gain%
-6.09
Sold on
13/06/2024
 
RIO.BA
 
Last Signal
STAY SHORT
2108
Buy Level
10668.0
Sold at
10751.5
Close
10668.0
Gain%
-0.78
Bought on
12/06/2024
 
BIOX.BA
 
Last Signal
SELL
2202
Sell Level
13870.5
Bought at
14079.4
Close
13570.0
Loss%
-3.62
Sold on
12/06/2024
 
LMT.BA
 
Last Signal
STAY IN CASH
0
 
Sold at
29860.2
Close
29250.0
Gain%
-2.04
Sold on
12/06/2024
 
XOM.BA
 
Last Signal
STAY IN CASH
0
 
Sold at
14634.5
Close
13750.0
Gain%
-6.04
Sold on
11/06/2024
 
JPM.BA
 
Last Signal
STAY IN CASH
4101
Buy Level
16302.5
Sold at
16890.0
Close
16216.0
Gain%
-3.99
Bought on
10/06/2024
 
TRAN.BA
 
Last Signal
STAY LONG
2207
Sell Level
1704.50
Bought at
1596.19
Close
1704.50
Gain%
6.79
Sold on
10/06/2024
 
VZ.BA
 
Last Signal
STAY IN CASH
0
 
Sold at
13226.4
Close
12102.0
Gain%
-8.50
Sold on
07/06/2024
 
PEP.BA
 
Last Signal
STAY IN CASH
0
 
Sold at
12425.5
Close
11510.0
Gain%
-7.37
Sold on
06/06/2024
 
MIRG.BA
 
Last Signal
BUY
2101
Buy Level
18600.0
Sold at
17997.1
Close
19820.0
Loss%
10.13
Sold on
05/06/2024
 
DISN.BA
 
Last Signal
STAY IN CASH
0
 
Sold at
11113.5
Close
10490.0
Gain%
-5.61
Sold on
31/05/2024
 
RICH.BA
 
Last Signal
STAY IN CASH
2106
Buy Level
981.50
Sold at
1012.14
Close
977.00
Gain%
-3.47
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