Title
by Americanbulls.com LLC
Last Update
27/11/2020
MERIT
MERIT PACKAGING
Last Signal: SHORT
Last Pattern: BEARISH SHOOTING STAR
Last Close:
13.9200
Change:
-0.1800
Percent change
-1.28%
Signal Update
Our system’s recommendation today is to SHORT. The BEARISH SHOOTING STAR pattern finally received a confirmation because the prices crossed below the confirmation level which was at 13.9900, and our valid average selling price stands now at 13.9200. The previous BUY signal was issued on 23/11/2020, 4 days ago, when the stock price was 13.9700. Since then MERIT has fallen by -0.36%.
Market Outlook
The bears have strong evidence and this evidence prompts us to make a bearish bet. The bearish pattern that was previously identified is finally 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. more...


Candlestick Pattern Chart
The chart showing Series 1 series.
Pattern Description
This pattern consists of a white body followed by an Inverted Hammer that is characterized by a long upper shadow and a small body. It is similar in shape to the Bullish Inverted Hammer pattern but unlike it, the Shooting Star appears in an uptrend and signals a bearish reversal. more...
Signal History
Date 
Price 
Signal 
 
PKR100⇨ 
27/11/202013.9200SHORT 119.12
23/11/202013.9700BUY 121.24
11/11/202014.5300SHORT 118.39
05/11/202014.8000BUY 122.30
29/10/202015.1100SHORT 121.54
27/10/202015.5250BUY 126.64
19/10/202015.5200SELL 127.53
09/10/202015.0900BUY 124.87
06/10/202014.9000SHORT 128.27
30/09/202014.7400BUY 128.69
21/09/202015.1700SELL 129.60
09/09/202015.3200BUY 131.80
28/08/202014.7000SELL 132.73
25/08/202013.8900BUY 126.30
30/07/202013.6500SELL 127.19
07/07/202011.9150BUY 111.81
22/06/202011.7100SELL 112.60
09/06/202010.2550BUY 99.30
† Trade commissions are taken as 0.70%.
Date 
Price 
Signal 
 
PKR100⇨ 
27/11/202013.9200SHORT 189.64
23/11/202013.9700BUY 193.01
11/11/202014.5300SHORT 188.48
05/11/202014.8000BUY 194.70
29/10/202015.1100SHORT 193.49
27/10/202015.5250BUY 201.62
19/10/202015.5200SELL 203.04
09/10/202015.0900BUY 198.81
06/10/202014.9000SHORT 204.23
30/09/202014.7400BUY 204.90
21/09/202015.1700SELL 206.34
09/09/202015.3200BUY 209.85
28/08/202014.7000SELL 211.33
25/08/202013.8900BUY 201.09
30/07/202013.6500SELL 202.51
07/07/202011.9150BUY 178.02
22/06/202011.7100SELL 179.27
09/06/202010.2550BUY 158.10
04/06/202010.2300SELL 159.21
17/04/20208.0900BUY 126.79
13/04/20207.3400SELL 127.68
30/03/20206.7500BUY 118.24
25/03/20206.4200SHORT 126.41
19/03/20206.8600BUY 136.99
10/03/202010.0600SHORT 105.40
04/03/202010.3700BUY 110.19
24/02/202011.2400SHORT 103.72
19/02/202011.2350BUY 105.14
31/01/202012.5150SHORT 96.73
28/01/202011.9600BUY 93.75
21/01/202013.1100SELL 94.41
17/01/202013.6000BUY 98.63
14/01/202013.7000SHORT 99.30
09/01/202014.0100BUY 102.98
06/01/202013.4900SHORT 108.62
01/01/202012.1600BUY 99.30
† Trade commissions are taken as 0.70%.
Date 
Price 
Signal 
 
PKR100⇨ 
27/11/202013.9200SHORT 372.43
23/11/202013.9700BUY 379.06
11/11/202014.5300SHORT 370.16
05/11/202014.8000BUY 382.37
29/10/202015.1100SHORT 379.98
27/10/202015.5250BUY 395.94
19/10/202015.5200SELL 398.73
09/10/202015.0900BUY 390.42
06/10/202014.9000SHORT 401.06
30/09/202014.7400BUY 402.37
21/09/202015.1700SELL 405.21
09/09/202015.3200BUY 412.10
28/08/202014.7000SELL 415.00
25/08/202013.8900BUY 394.90
30/07/202013.6500SELL 397.68
07/07/202011.9150BUY 349.58
22/06/202011.7100SELL 352.04
09/06/202010.2550BUY 310.47
04/06/202010.2300SELL 312.66
17/04/20208.0900BUY 249.00
13/04/20207.3400SELL 250.76
30/03/20206.7500BUY 232.23
25/03/20206.4200SHORT 248.28
19/03/20206.8600BUY 269.05
10/03/202010.0600SHORT 207.01
04/03/202010.3700BUY 216.41
24/02/202011.2400SHORT 203.70
19/02/202011.2350BUY 206.49
31/01/202012.5150SHORT 189.98
28/01/202011.9600BUY 184.12
21/01/202013.1100SELL 185.42
17/01/202013.6000BUY 193.71
14/01/202013.7000SHORT 195.03
09/01/202014.0100BUY 202.26
06/01/202013.4900SHORT 213.35
01/01/202012.1600BUY 195.04
03/12/201916.6700SELL 196.41
25/11/201914.6000BUY 173.23
21/11/201914.0500SELL 174.45
01/11/201913.2800BUY 166.05
14/10/201914.1200SELL 167.22
02/10/201912.3800BUY 147.65
20/09/201913.2200SHORT 140.79
12/09/201913.7400BUY 148.40
07/08/201926.0600SHORT 102.19
05/08/201928.1100BUY 111.79
31/07/201927.8100SHORT 114.61
09/07/201928.3400BUY 118.45
21/06/201930.2900SELL 119.28
27/05/201927.4100BUY 108.70
22/05/201926.4700SHORT 114.30
25/04/201926.3200BUY 115.26
23/04/201925.8200SELL 116.07
03/04/201923.1600BUY 104.85
21/03/201922.1700SHORT 111.30
05/03/201922.1500BUY 112.77
04/02/201922.2850SELL 113.56
21/01/201921.0200BUY 107.87
15/01/201920.8000SELL 108.63
20/12/201818.8800BUY 99.30
† Trade commissions are taken as 0.70%.

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