MARKET STATUS REPORT
Trend:
The market is moving SIDEWAYS for the moment. The bulls have an upper hand, but the bears are also not sleeping. On the other hand, we cannot say that the bears 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 bears are not very comfortable and they are closely watching the market for a timely entry.
OVERBOUGHT/OVERSOLD STOCKS
The chart above shows how AXL.V displayed a rally after the BUY signal which was issued on 28/04/2023. Since then, the gain in this stock stretched to a whopping 43%. 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
05/06/2023
 
AXL.V
 
Last Signal
SELL
2203
Sell Level
0.4200
Sold at
0.4160
Close
0.4050
Gain%
-2.64
Bought on
05/06/2023
 
PNRL.V
 
Last Signal
BUY
2108
Buy Level
0.9750
Bought at
1.0000
Close
1.0200
Gain%
2.00
Sold on
02/06/2023
 
BRVO.V
 
Last Signal
STAY IN CASH
0
 
Sold at
3.5000
Close
3.5200
Loss%
0.57
Bought on
02/06/2023
 
TEA.V
 
Last Signal
STAY LONG
70000
Sell Level
0.1350
Bought at
0.1600
Close
0.1300
Loss%
-18.75
Bought on
01/06/2023
 
MGG.V
 
Last Signal
STAY LONG
2202
Sell Level
0.1600
Bought at
0.1620
Close
0.1650
Gain%
1.85
Sold on
01/06/2023
 
SOU.V
 
Last Signal
BUY
2103
Buy Level
0.3700
Sold at
0.3610
Close
0.3850
Loss%
6.65
Bought on
31/05/2023
 
GAL.V
 
Last Signal
STAY LONG
2203
Sell Level
0.2775
Bought at
0.2830
Close
0.2850
Gain%
0.71
Bought on
30/05/2023
 
ALDE.V
 
Last Signal
STAY LONG
2205
Sell Level
0.7700
Bought at
0.7100
Close
0.8200
Gain%
15.49
Sold on
30/05/2023
 
PMET.V
 
Last Signal
STAY IN CASH
2103
Buy Level
15.90
Sold at
16.28
Close
15.26
Gain%
-6.27
Bought on
29/05/2023
 
NGC.V
 
Last Signal
STAY LONG
2201
Sell Level
0.3800
Bought at
0.4000
Close
0.3950
Loss%
-1.25
Sold on
29/05/2023
 
WML.V
 
Last Signal
STAY IN CASH
60000
Buy Level
0.4300
Sold at
0.3900
Close
0.4200
Loss%
7.69
Sold on
19/05/2023
 
SGML.V
 
Last Signal
BUY
2101
Buy Level
53.50
Sold at
55.18
Close
55.00
Gain%
-0.33
Sold on
17/05/2023
 
BRO.V
 
Last Signal
BUY
2103
Buy Level
0.8000
Sold at
0.8300
Close
0.9500
Loss%
14.46
Bought on
17/05/2023
 
ELVT.V
 
Last Signal
SHORT
2201
Sell Level
0.1500
Bought at
0.1410
Close
0.1400
Loss%
-0.71
Sold on
16/05/2023
 
GMIN.V
 
Last Signal
STAY IN CASH
2101
Buy Level
1.0900
Sold at
1.1550
Close
1.0900
Gain%
-5.63
Sold on
15/05/2023
 
AEP.V
 
Last Signal
STAY IN CASH
2109
Buy Level
1.0800
Sold at
1.2900
Close
1.0700
Gain%
-17.05
Bought on
04/05/2023
 
TAU.V
 
Last Signal
STAY LONG
2206
Sell Level
0.7450
Bought at
0.7650
Close
0.8100
Gain%
5.88
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