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 bulls are not very comfortable and they are closely watching the market for a timely exit.
OVERBOUGHT/OVERSOLD STOCKS
The chart above shows how NTD.AX displayed a rally after the BUY signal which was issued on 31/08/2023. Since then, the gain in this stock stretched to a whopping 26%. 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
25/09/2023
 
ABB.AX
 
Last Signal
SELL
2209
Sell Level
4.1300
Sold at
4.0700
Close
4.0700
 
 
Sold on
25/09/2023
 
NTD.AX
 
Last Signal
SELL
2201
Sell Level
0.8350
Sold at
0.8300
Close
0.8300
 
 
Bought on
25/09/2023
 
VUL.AX
 
Last Signal
BUY
2107
Buy Level
3.0300
Bought at
3.0600
Close
3.0600
 
 
Bought on
22/09/2023
 
APX.AX
 
Appen
 
Last Signal
STAY LONG
2202
Sell Level
1.2400
Bought at
1.2700
Close
1.2400
Loss%
-2.36
Bought on
22/09/2023
 
ILU.AX
 
Last Signal
STAY LONG
2202
Sell Level
7.7600
Bought at
7.8250
Close
7.8450
Gain%
0.26
Sold on
22/09/2023
 
TUA.AX
 
Tuas
 
Last Signal
STAY IN CASH
2102
Buy Level
2.1150
Sold at
2.1200
Close
2.1000
Gain%
-0.94
Bought on
21/09/2023
 
92E.AX
 
Last Signal
STAY LONG
2201
Sell Level
0.2850
Bought at
0.3000
Close
0.3100
Gain%
3.33
Sold on
21/09/2023
 
AMP.AX
 
AMP
 
Last Signal
STAY IN CASH
0
 
Sold at
1.2750
Close
1.2725
Gain%
-0.20
Sold on
21/09/2023
 
CRN.AX
 
Last Signal
STAY IN CASH
0
 
Sold at
1.8180
Close
1.8275
Loss%
0.52
Bought on
21/09/2023
 
OBL.AX
 
Last Signal
STAY LONG
2202
Sell Level
1.9550
Bought at
2.0100
Close
1.9075
Loss%
-5.10
Bought on
20/09/2023
 
AGY.AX
 
Last Signal
STAY LONG
2201
Sell Level
0.1800
Bought at
0.1870
Close
0.1800
Loss%
-3.74
Sold on
20/09/2023
 
CU6.AX
 
Last Signal
STAY IN CASH
0
 
Sold at
1.2170
Close
1.2000
Gain%
-1.40
Sold on
19/09/2023
 
BMN.AX
 
Last Signal
STAY IN CASH
60000
Buy Level
2.6900
Sold at
2.5600
Close
2.7400
Loss%
7.03
Bought on
19/09/2023
 
GAL.AX
 
Last Signal
STAY LONG
0
 
Bought at
0.3130
Close
0.3000
Loss%
-4.15
Sold on
19/09/2023
 
IPX.AX
 
Last Signal
STAY IN CASH
2105
Buy Level
1.4800
Sold at
1.4800
Close
1.4050
Gain%
-5.07
Sold on
18/09/2023
 
IPG.AX
 
Last Signal
STAY IN CASH
2105
Buy Level
4.6300
Sold at
4.7200
Close
4.5500
Gain%
-3.60
Bought on
18/09/2023
 
PCG.AX
 
Last Signal
STAY LONG
2204
Sell Level
1.0100
Bought at
1.0100
Close
1.0100
 
 
Sold on
15/09/2023
 
BKW.AX
 
Last Signal
STAY IN CASH
2106
Buy Level
26.40
Sold at
27.82
Close
26.10
Gain%
-6.18
Bought on
15/09/2023
 
CHR.AX
 
Last Signal
SHORT
3209
Sell Level
0.1925
Bought at
0.1900
Close
0.1300
Loss%
-31.58
Bought on
15/09/2023
 
WMG.AX
 
Last Signal
STAY LONG
2203
Sell Level
0.2875
Bought at
0.2900
Close
0.3050
Gain%
5.17
Sold on
14/09/2023
 
CNQ.AX
 
Last Signal
STAY IN CASH
2106
Buy Level
0.4325
Sold at
0.4350
Close
0.3750
Gain%
-13.79
Sold on
29/08/2023
 
CUV.AX
 
Last Signal
STAY IN CASH
2106
Buy Level
18.28
Sold at
20.85
Close
15.36
Gain%
-26.33
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