CMET.L LSE
Capital Metals
SELL
Close
5.0000
Prev.Close
5.5000
Change
-0.5000
Change%
-9.09%
BEARISH HARAMI CROSS
Sold at
5.0900
Open
5.5000
High
5.7000
Low
4.8330
Close
5.0000
Gain%
-1.77%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Our system’s recommendation today is to SELL. The BEARISH HARAMI CROSS pattern finally received a confirmation because the prices crossed below the confirmation level which was at 5.1500, and our valid average selling price stands now at 5.0900. The previous BUY signal was issued on 16/11/2023, 19 days ago, when the stock price was 3.7400. Since then CMET.L has risen by +36.10%.
We may be at a market top or at the start of a correction. 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. Today’s candlestick has a black body and its close is below the confirmation level. 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.
This is a major bearish reversal pattern, which is even more significant than a regular Bearish Harami. The outline again looks like a pregnant woman, as with the Bearish Harami Pattern. However, now the baby is a Doji. Basically, the pattern is characterized by a white body followed by a Doji that is completely inside the range of the prior white body. more...
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