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 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 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 8170 displayed a rally after the BUY signal which was issued on 04/04/2024. Since then, the gain in this stock stretched to a whopping 6%. 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
17/04/2024
 
2190
Last Signal
SELL
3209
Sell Level
39.98
Sold at
39.65
Close
39.65
 
 
Sold on
17/04/2024
 
8170
Last Signal
SELL
2202
Sell Level
25.48
Sold at
25.40
Close
25.40
 
 
Bought on
17/04/2024
 
9535
Last Signal
BUY
2101
Buy Level
5.0500
Bought at
5.2200
Close
5.6300
Gain%
7.85
Sold on
16/04/2024
 
1111
Last Signal
STAY IN CASH
2102
Buy Level
264.40
Sold at
268.37
Close
260.00
Gain%
-3.12
Sold on
16/04/2024
 
4250
Last Signal
STAY IN CASH
0
 
Sold at
29.46
Close
29.35
Gain%
-0.37
Bought on
15/04/2024
 
2130
 
صدق
Last Signal
SELL
2201
Sell Level
10.32
Bought at
10.39
Close
10.24
Loss%
-1.44
Bought on
15/04/2024
 
8020
Last Signal
STAY LONG
2206
Sell Level
18.47
Bought at
18.08
Close
18.66
Gain%
3.21
Bought on
14/04/2024
 
6014
Last Signal
STAY LONG
0
 
Bought at
91.28
Close
94.00
Gain%
2.98
Sold on
14/04/2024
 
9541
Last Signal
BUY
2103
Buy Level
9.2500
Sold at
9.3250
Close
9.3900
Loss%
0.70
Bought on
04/04/2024
 
3080
Last Signal
STAY LONG
0
 
Bought at
35.50
Close
35.05
Loss%
-1.27
Sold on
04/04/2024
 
9523
Last Signal
BUY
2104
Buy Level
45.20
Sold at
45.63
Close
45.85
Loss%
0.48
Bought on
03/04/2024
 
1320
Last Signal
STAY LONG
0
 
Bought at
69.00
Close
80.00
Gain%
15.94
Bought on
02/04/2024
 
4290
Last Signal
STAY LONG
4201
Sell Level
31.08
Bought at
27.60
Close
35.10
Gain%
27.17
Bought on
02/04/2024
 
8060
Last Signal
SELL
2202
Sell Level
27.18
Bought at
27.85
Close
27.05
Loss%
-2.87
Sold on
02/04/2024
 
8120
Last Signal
STAY IN CASH
2105
Buy Level
23.02
Sold at
23.84
Close
23.02
Gain%
-3.44
Sold on
31/03/2024
 
4100
 
مكة
Last Signal
STAY IN CASH
2101
Buy Level
102.40
Sold at
107.51
Close
99.90
Gain%
-7.08
Bought on
28/03/2024
 
2210
Last Signal
SELL
2201
Sell Level
32.00
Bought at
32.60
Close
31.80
Loss%
-2.45
Sold on
28/03/2024
 
4210
Last Signal
STAY IN CASH
2101
Buy Level
272.00
Sold at
301.22
Close
249.00
Gain%
-17.34
Bought on
26/03/2024
 
9515
Last Signal
SELL
2211
Sell Level
17.30
Bought at
16.81
Close
17.02
Gain%
1.25
Bought on
25/03/2024
 
7040
Last Signal
STAY LONG
0
 
Bought at
86.95
Close
115.60
Gain%
32.95
Sold on
24/03/2024
 
4320
Last Signal
STAY IN CASH
2101
Buy Level
27.90
Sold at
29.45
Close
27.90
Gain%
-5.26
Bought on
20/03/2024
 
1201
Last Signal
STAY LONG
2202
Sell Level
13.40
Bought at
13.19
Close
13.42
Gain%
1.74
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