GVGL (PSX)

GVGL KSE

Ghani Value Glass

SHORT

60.83

Prev.Close

62.99

Change

-2.1600

Change%

-3.43%

BEARISH STOP LOSS

Sold at

60.83

Open

61.00

High

61.00

Low

60.65

60.83

0.00%

Signal History

Date	Price	Signal	Change%	PKR100⇨
05/06	60.83	SHORT	0.0%	131
29/05	64.50	BUY	-5.7%	141
15/05	64.82	SHORT	-0.5%	143
03/05	70.13	BUY	-7.6%	156
28/04	70.55	SELL	-0.6%	158
17/04	67.03	BUY	+5.3%	151
11/04	67.14	SELL	-0.2%	152
06/04	61.28	BUY	+9.6%	140
04/04	62.10	SELL	-1.3%	140
22/03	59.37	BUY	+4.6%	135
17/03	58.89	SELL	+0.8%	136
01/03	47.25	BUY	+24.6%	110
23/02	53.64	SELL	-11.9%	111
03/02	52.50	BUY	+2.2%	109
17/01	53.95	SELL	-2.7%	110
02/01	50.32	BUY	+7.2%	103
13/12	55.16	SHORT	-8.8%	96
06/12	56.05	BUY	-1.6%	99

† Trade commissions are taken as 0.70%.

Pattern & Confirmation Chart for the Last 6 Months

Our system’s recommendation today is to SHORT. The BEARISH STOP LOSS pattern finally received a confirmation because the prices crossed below the Stop Loss level which was at 63.00, and our valid average selling price stands now at 60.83. The previous BUY signal was issued on 29/05/2023, 7 days ago, when the stock price was 64.50. Since then GVGL has fallen by -5.69%.

The market changed its face while our beloved candlesticks were asleep. Though the system has not yet detected a bearish pattern, the evidence is strong enough to go for a bearish bet. Today’s candlestick has a black body and its close is below the stop loss level. The bearish stop loss is confirmed and a SHORT signal is generated. Follow the signal and profit from the bearish enthusiasm before it is too late. SHORT is a dangerous signal. Sudden increases in prices can lead to huge losses. For this reason stop loss levels must be kept in mind at all times and SHORT orders must never be placed without a stop loss.

This is not a standard candlestick pattern. It is simply the stop loss compliment of all the confirmed bullish patterns. The conditions for the activation of the Bearish stop loss are two consecutive lows or a close below the stop loss level of a recently confirmed bullish pattern. more...

Date	Price	Signal	Change%	PKR100⇨
05/06	60.83	SHORT	0.0%	112
29/05	64.50	BUY	-5.7%	121
15/05	64.82	SHORT	-0.5%	122
03/05	70.13	BUY	-7.6%	134
28/04	70.55	SELL	-0.6%	135
17/04	67.03	BUY	+5.3%	129
11/04	67.14	SELL	-0.2%	130
06/04	61.28	BUY	+9.6%	119
04/04	62.10	SELL	-1.3%	120
22/03	59.37	BUY	+4.6%	116
17/03	58.89	SELL	+0.8%	117
01/03	47.25	BUY	+24.6%	94
23/02	53.64	SELL	-11.9%	95
03/02	52.50	BUY	+2.2%	93
17/01	53.95	SELL	-2.7%	94
02/01	50.32	BUY	+7.2%	88
13/12	55.16	SHORT	-8.8%	82
06/12	56.05	BUY	-1.6%	85
23/11	56.64	SHORT	-1.0%	85
31/10	57.12	BUY	-0.8%	87
21/10	61.60	SELL	-7.3%	88
07/10	61.88	BUY	-0.4%	89
29/09	58.29	SHORT	+6.1%	96
23/09	58.70	BUY	-0.7%	98
19/09	58.79	SHORT	-0.1%	99
15/09	60.54	BUY	-2.9%	104
05/09	61.10	SELL	-0.9%	104
24/08	56.82	BUY	+7.5%	98
17/08	56.40	SELL	+0.8%	98
15/08	56.24	BUY	+0.3%	99
27/07	55.83	SELL	+0.7%	100
25/07	55.83	BUY	0.0%	100
20/07	55.68	SHORT	+0.3%	102
13/07	56.04	BUY	-0.7%	104
30/06	56.09	SHORT	-0.1%	105
22/06	56.88	BUY	-1.4%	108
01/06	58.94	SHORT	-3.5%	106
18/05	58.72	BUY	+0.4%	107
18/04	65.40	SELL	-10.2%	108
01/04	60.39	BUY	+8.3%	101