Title
by Americanbulls.com LLC
Last Update
06/05/2021
CWSM
CHAKWAL SPINNING MILLS
Last Signal: BUY
Last Pattern: BULLISH ENGULFING
Last Close:
1.9700
Change:
+0.1700
Percent change
+9.44%
Signal Update
Our system’s recommendation today is to BUY. The BULLISH ENGULFING pattern finally received a confirmation because the prices crossed above the confirmation level which was at 1.9000, and our valid average buying price stands now at 1.9200. The previous SHORT signal was issued on 24/03/2021, 43 days ago, when the stock price was 2.5000. Since then CWSM has fallen by -23.20%.
Market Outlook
The bulls have strong evidence on their side and this evidence prompts us to make a bullish bet. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is probably the right time to be part of this boost and bullish market sentiment. The market is telling you about a new profit. Do not miss this chance. more...


Candlestick Pattern Chart
The chart showing Series 1 series.
Pattern Description
This pattern is characterized by a large white body engulfing a preceding smaller black body, which appears during a downtrend. The white body does not necessarily engulf the shadows of the black body but totally engulfs the body itself. This is an important bottom reversal signal. more...
Signal History
Date 
Price 
Signal 
 
PKR100⇨ 
06/05/20211.9200BUY 120.81
24/03/20212.5000SHORT 99.45
15/03/20212.6100BUY 105.30
04/03/20212.8500SELL 106.04
02/03/20213.0250BUY 113.34
26/02/20212.8900SHORT 120.58
09/02/20212.8500BUY 120.59
02/02/20212.4700SELL 121.44
27/01/20212.0950BUY 103.73
18/01/20212.3800SELL 104.46
14/01/20212.3250BUY 102.77
01/01/20212.2900SELL 103.49
14/12/20202.0700BUY 94.21
07/12/20202.0100SELL 94.87
13/11/20202.0700BUY 98.39
06/11/20202.0800SHORT 99.30
† Trade commissions are taken as 0.70%.
Date 
Price 
Signal 
 
PKR100⇨ 
06/05/20211.9200BUY 158.51
24/03/20212.5000SHORT 130.48
15/03/20212.6100BUY 138.15
04/03/20212.8500SELL 139.12
02/03/20213.0250BUY 148.70
26/02/20212.8900SHORT 158.19
09/02/20212.8500BUY 158.21
02/02/20212.4700SELL 159.33
27/01/20212.0950BUY 136.09
18/01/20212.3800SELL 137.05
14/01/20212.3250BUY 134.83
01/01/20212.2900SELL 135.78
14/12/20202.0700BUY 123.60
07/12/20202.0100SELL 124.47
13/11/20202.0700BUY 129.09
06/11/20202.0800SHORT 130.29
03/11/20202.3500BUY 149.29
26/10/20202.3900SELL 150.34
02/10/20201.9900BUY 126.06
14/09/20202.3000SELL 126.95
27/08/20202.0200BUY 112.28
17/08/20201.8800SHORT 123.03
06/08/20202.0000BUY 132.73
04/08/20201.9550SELL 133.67
08/07/20201.6600BUY 114.30
12/06/20201.6300SHORT 118.09
08/06/20201.4500BUY 106.54
29/05/20201.7300SELL 107.29
11/05/20201.5900BUY 99.30
† Trade commissions are taken as 0.70%.
Date 
Price 
Signal 
 
PKR100⇨ 
06/05/20211.9200BUY 105.77
24/03/20212.5000SHORT 87.07
15/03/20212.6100BUY 92.19
04/03/20212.8500SELL 92.84
02/03/20213.0250BUY 99.24
26/02/20212.8900SHORT 105.58
09/02/20212.8500BUY 105.59
02/02/20212.4700SELL 106.33
27/01/20212.0950BUY 90.82
18/01/20212.3800SELL 91.46
14/01/20212.3250BUY 89.98
01/01/20212.2900SELL 90.61
14/12/20202.0700BUY 82.48
07/12/20202.0100SELL 83.06
13/11/20202.0700BUY 86.14
06/11/20202.0800SHORT 86.94
03/11/20202.3500BUY 99.62
26/10/20202.3900SELL 100.32
02/10/20201.9900BUY 84.12
14/09/20202.3000SELL 84.71
27/08/20202.0200BUY 74.92
17/08/20201.8800SHORT 82.09
06/08/20202.0000BUY 88.56
04/08/20201.9550SELL 89.18
08/07/20201.6600BUY 76.26
12/06/20201.6300SHORT 78.79
08/06/20201.4500BUY 71.08
29/05/20201.7300SELL 71.58
11/05/20201.5900BUY 66.25
28/04/20201.4350SELL 66.72
24/04/20201.5100BUY 70.70
17/04/20201.4350SELL 71.20
20/03/20201.2700BUY 63.46
26/02/20201.9300SHORT 47.96
20/02/20202.0200BUY 50.91
04/02/20202.0100SHORT 51.89
30/01/20202.1500BUY 56.29
27/01/20202.0800SELL 56.69
22/01/20202.2500BUY 61.76
06/01/20202.1900SHORT 64.40
01/01/20202.2500BUY 67.10
18/12/20192.4700SELL 67.57
13/12/20192.6800BUY 73.83
11/12/20192.5200SELL 74.35
02/12/20192.0200BUY 60.02
27/11/20191.8800SELL 60.44
19/11/20191.8100BUY 58.60
14/06/20191.8000QUIT 59.01
10/06/20191.3400SHORT 90.49
21/05/20191.4500BUY 99.30
† Trade commissions are taken as 0.70%.

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