Title
by Americanbulls.com LLC
Last Update
25/02/2020
SITC
SITARA CHEMICAL INDUSTRIES
Last Signal: STAY LONG
Last Pattern: BEARISH HANGING MAN
Last Close:
269.7000
Change:
+0.9200
Percent change
+0.34%
Signal Update
Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 12/02/2020, 13 days ago, when the stock price was 254.8300. Since then SITC has risen by +5.84%.
Market Outlook
The market is uncertain with a negative tilt. The traders seem to be in disagreement. The negative sentiment, however, is increasing as evident from the last bearish pattern. So, it is better to be on alert. more...


Candlestick Pattern Chart
The chart showing Series 1 series.
Pattern Description
The pattern occurs at the top of a trend or during an uptrend. The name Hanging Man comes from the fact that the candlestick looks somewhat like a hanging man. It is a single candlestick pattern that has a long lower shadow and a small body at or very near the top of its daily trading range. more...
Signal History
Date 
Price 
Signal 
 
PKR100⇨ 
12/02/2020254.8300BUY 116.25
03/02/2020260.7800SHORT 115.26
24/01/2020265.1400BUY 118.85
03/01/2020290.0000SELL 119.69
28/11/2019238.9100BUY 99.30
† Trade commissions are taken as 0.70%.
Date 
Price 
Signal 
 
PKR100⇨ 
12/02/2020254.8300BUY 116.25
03/02/2020260.7800SHORT 115.26
24/01/2020265.1400BUY 118.85
03/01/2020290.0000SELL 119.69
28/11/2019238.9100BUY 99.30
† Trade commissions are taken as 0.70%.
Date 
Price 
Signal 
 
PKR100⇨ 
12/02/2020254.8300BUY 145.85
03/02/2020260.7800SHORT 144.61
24/01/2020265.1400BUY 149.11
03/01/2020290.0000SELL 150.16
28/11/2019238.9100BUY 124.58
31/07/2019255.0000QUIT 125.46
30/11/2018327.0000QUIT 125.46
22/11/2018348.4800SELL 125.46
19/10/2018286.3050BUY 103.80
18/09/2018369.8300SELL 104.53
10/09/2018371.5400BUY 105.75
03/09/2018378.4100SELL 106.50
09/08/2018361.4900BUY 102.46
07/08/2018350.5000SELL 103.18
03/08/2018354.2800BUY 105.03
01/08/2018344.0900SHORT 109.77
30/07/2018341.4000BUY 110.45
20/07/2018323.2950SHORT 118.66
18/07/2018306.2500BUY 113.99
06/06/2018395.9300SHORT 94.25
04/06/2018395.1400BUY 95.39
30/05/2018393.3800SHORT 97.17
22/05/2018397.1200BUY 99.48
04/05/2018418.5200SELL 100.18
30/04/2018419.8800BUY 101.21
17/04/2018419.9600SELL 101.92
10/04/2018368.5900BUY 90.08
02/04/2018339.9900SELL 90.71
26/03/2018336.3700BUY 90.38
08/03/2018324.6600SHORT 95.09
28/02/2018334.3000BUY 99.30
† Trade commissions are taken as 0.70%.

Disclaimers:

Americanbulls.com LLC is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, Americanbulls.com LLC relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws. As such, Americanbulls.com LLC does not offer or provide personalized investment advice. This site and all others owned and operated by Americanbulls.com LLC are bona fide publications of general and regular circulation offering impersonal investment-related advice to member and /or prospective members.

Pakistanibulls.com is an independent website. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

Therefore, Pakistanibulls.com and Americanbulls.com LLC is exempt from the definition of “investment adviser” as provided under Section 202(a) (11) of the Investment Advisers Act of 1940 and corresponding state securities laws, and hence registration as such is not required. We are not a registered broker-dealer. Material provided by Americanbulls.com LLC is for informational purposes only, and that no mention of a particular security in any of our materials constitutes a recommendation to buy, sell, or hold that or any other security, or that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. To the extent that any of the information obtained from Americanbulls.com LLC may be deemed to be investment opinion, such information is impersonal and not tailored to the investment needs of any specific person. Americanbulls.com LLC does not promise, guarantee or imply verbally or in writing that any information provided through our websites, commentaries, or reports, in any printed material, or displayed on any of our websites, will result in a profit or loss.

Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital. Neither Americanbulls.com LLC, nor Pakistanibulls.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.

Displayed information is based on widely-accepted methods of technical analysis based on candlestick patterns. All information is from sources deemed to be reliable, but there is no guarantee to the accuracy. Long-term investment success relies on recognizing probabilities in price action for possible future outcomes, rather than absolute certainty – risk management is critical for success. Error and uncertainty are part of any form of market analysis. Past performance is no guarantee of future performance. Investment/ trading carries significant risk of loss and you should consult your financial professional before investing or trading. Your financial adviser can give you specific financial advice that is appropriate to your needs, risk-tolerance, and financial position. Any trades or hedges you make are taken at your own risk for your own account.

You agree that Pakistanibulls.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.