Englishv
Last Update
11/21/2014
GBP.L
GLOBAL PETROLEUM
Last Signal: SELL
Last Pattern: BEARISH ENGULFING
Last Close:
2.6250
Change:
-0.2500
Percent change
-8.70%
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Signal Update
Our system’s recommendation today is to SELL. The BEARISH ENGULFING pattern finally received a confirmation because the prices crossed below the confirmation level which was at 2.8750, and our valid average selling price stands now at 2.8700. The previous BUY signal was issued on 11/13/2014, 8 days ago, when the stock price was 2.9425. Since then GBP.L has fallen by -2.46%.
Market Outlook
The market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. The bearish pattern that was previously identified is finally confirmed and a SELL signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet.


Candlestick Pattern Chart
The chart showing Series 1 series.
Pattern Description
This pattern is characterized by a large black body engulfing a preceding smaller white body, which appears during an uptrend. The black body does not necessarily engulf the shadows of the white body but totally engulfs the body itself. This is an important top reversal signal. more...
Signal History
6 mo.
12 mo.
24 mo.
Date
Price
Signal
£100⇨
11/21/20142.8700SELL 177.25
11/13/20142.9425BUY 182.82
9/16/20143.8550SELL 183.92
9/5/20143.8850BUY 186.47
8/20/20143.8700SELL 187.60
8/15/20143.8800BUY 189.22
7/25/20144.0525SELL 190.36
7/8/20143.7650BUY 177.92
6/13/20144.3650SHORT 158.31
6/3/20144.5150BUY 165.73
5/30/20144.6200SHORT 164.01
5/22/20144.7550BUY 170.85
5/8/20145.0255SHORT 164.09
5/6/20145.1870BUY 171.41
3/26/20146.5475SELL 172.44
3/19/20145.6350BUY 149.30
3/3/20146.1150SELL 150.20
2/6/20145.6350BUY 139.25
1/28/20145.6800SELL 140.09
1/22/20145.1975BUY 128.96
1/20/20145.1650SELL 129.74
12/30/20134.8325BUY 122.12
12/11/20136.2300SELL 122.86
11/22/20135.0100BUY 99.40
† Trade commissions are taken as 0.60%.
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