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 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 slightly stronger but the flow of money is rather balanced. 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 LRV.AX displayed a rally after the BUY signal which was issued on 08/05/2024. Since then, the gain in this stock stretched to a whopping 25%. 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
22/05/2024
 
CNB.AX
 
Last Signal
SELL
3209
Sell Level
0.8575
Sold at
0.8485
Close
0.8250
Gain%
-2.77
Bought on
22/05/2024
 
KNG.AX
 
Last Signal
BUY
2103
Buy Level
0.2050
Bought at
0.2070
Close
0.2150
Gain%
3.86
Sold on
22/05/2024
 
LRV.AX
 
Last Signal
SELL
2207
Sell Level
0.1150
Sold at
0.1140
Close
0.1000
Gain%
-12.28
Bought on
21/05/2024
 
AFG.AX
 
Last Signal
STAY LONG
2201
Sell Level
1.4250
Bought at
1.4350
Close
1.4250
Loss%
-0.70
Sold on
21/05/2024
 
CHN.AX
 
Last Signal
STAY IN CASH
0
 
Sold at
1.6980
Close
1.7200
Loss%
1.30
Sold on
21/05/2024
 
TTT.AX
 
Titomic
 
Last Signal
STAY IN CASH
0
 
Sold at
0.0930
Close
0.0920
Gain%
-1.08
Bought on
20/05/2024
 
ABY.AX
 
Last Signal
STAY LONG
2203
Sell Level
1.0675
Bought at
1.0800
Close
1.0550
Loss%
-2.31
Sold on
20/05/2024
 
GHY.AX
 
Last Signal
STAY IN CASH
60000
Buy Level
1.8900
Sold at
1.8435
Close
2.0900
Loss%
13.37
Sold on
20/05/2024
 
VUL.AX
 
Last Signal
BUY
2102
Buy Level
5.1100
Sold at
5.2350
Close
5.5000
Loss%
5.06
Sold on
17/05/2024
 
SXE.AX
 
Last Signal
BUY
2105
Buy Level
1.5650
Sold at
1.5840
Close
1.6700
Loss%
5.43
Bought on
17/05/2024
 
WYX.AX
 
Last Signal
STAY LONG
2203
Sell Level
0.0385
Bought at
0.0400
Close
0.0450
Gain%
12.50
Bought on
16/05/2024
 
CNQ.AX
 
Last Signal
STAY LONG
2203
Sell Level
0.2800
Bought at
0.2830
Close
0.2800
Loss%
-1.06
Sold on
16/05/2024
 
IRI.AX
 
Last Signal
STAY SHORT
2101
Buy Level
0.7400
Sold at
0.7700
Close
0.7300
Gain%
-5.19
Sold on
16/05/2024
 
RAC.AX
 
Last Signal
STAY SHORT
2102
Buy Level
1.5250
Sold at
1.5840
Close
1.5100
Gain%
-4.67
Bought on
16/05/2024
 
SKT.AX
 
Last Signal
SHORT
2202
Sell Level
2.4050
Bought at
2.4300
Close
2.3100
Loss%
-4.94
Sold on
15/05/2024
 
EHL.AX
 
Last Signal
STAY SHORT
2102
Buy Level
0.7250
Sold at
0.7575
Close
0.7250
Gain%
-4.29
Bought on
14/05/2024
 
NVA.AX
 
Last Signal
SHORT
2201
Sell Level
0.2400
Bought at
0.2470
Close
0.2350
Loss%
-4.86
Bought on
14/05/2024
 
TNC.AX
 
Last Signal
STAY LONG
0
 
Bought at
0.0710
Close
0.0750
Gain%
5.63
Sold on
14/05/2024
 
TSO.AX
 
Last Signal
STAY IN CASH
0
 
Sold at
0.0400
Close
0.0400
 
 
Bought on
13/05/2024
 
SUL.AX
 
Last Signal
STAY LONG
70000
Sell Level
12.86
Bought at
13.23
Close
12.65
Loss%
-4.38
Sold on
10/05/2024
 
NXT.AX
 
Nextdc
 
Last Signal
STAY IN CASH
2105
Buy Level
17.72
Sold at
17.52
Close
17.57
Loss%
0.29
Sold on
09/05/2024
 
BMN.AX
 
Last Signal
BUY
60000
Buy Level
4.7000
Sold at
4.4800
Close
4.7100
Loss%
5.13
Sold on
23/04/2024
 
TGP.AX
 
Last Signal
STAY IN CASH
2101
Buy Level
0.6200
Sold at
0.6400
Close
0.6200
Gain%
-3.13
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