by Americanbulls.com LLC
Last Update
Last Signal: SELL
Last Close:
Percent change
Signal Update
Our system’s recommendation today is to SELL. The BEARISH MEETING LINE pattern finally received a confirmation because the prices crossed below the confirmation level which was at 28.7000, and our valid average selling price stands now at 28.5000. The previous BUY signal was issued on 20/11/2020, 10 days ago, when the stock price was 22.8100. Since then BMELK has risen by +24.95%.
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. more...

Candlestick Pattern Chart
The chart showing Series 1 series.
Pattern Description
This pattern occurs during an uptrend. The first day’s white candlestick is followed by a black candlestick that opens sharply higher and closes at the same level as the prior session’s close. It is similar to the Dark Cloud Cover pattern. However, the amount the second day drops is different. The Dark Cloud Cover’s second day closes below the midpoint of the first day’s body, while the second day the Bearish Meeting Line closes the same as the first day. Consequently, the Dark Cloud Cover is a more significant top reversal. Nonetheless, the Bearish Meeting Line should also be respected. more...
Signal History
30/11/202028.5000SELL 410.51
20/11/202022.8100BUY 329.21
18/11/202021.6000SELL 329.87
02/11/202012.6100BUY 192.96
26/10/202011.9400SELL 193.35
22/10/202012.4500BUY 202.01
19/10/202013.0000SELL 202.41
13/10/202014.5200BUY 226.53
09/10/202012.0000SELL 226.98
18/09/20206.3400BUY 120.16
14/09/20205.2400SELL 120.40
09/09/20205.1500BUY 118.57
19/08/20206.5600SELL 118.81
30/07/20207.4500BUY 135.20
28/07/20206.9500SELL 135.47
14/07/20205.7650BUY 112.60
09/07/20205.7500SELL 112.83
30/06/20204.8700BUY 95.75
25/06/20204.4500SELL 95.94
22/06/20204.6200BUY 99.80
† Trade commissions are taken as 0.20%.
30/11/202028.5000SELL 1,705.94
20/11/202022.8100BUY 1,368.09
18/11/202021.6000SELL 1,370.83
02/11/202012.6100BUY 801.89
26/10/202011.9400SELL 803.50
22/10/202012.4500BUY 839.50
19/10/202013.0000SELL 841.18
13/10/202014.5200BUY 941.42
09/10/202012.0000SELL 943.31
18/09/20206.3400BUY 499.38
14/09/20205.2400SELL 500.38
09/09/20205.1500BUY 492.77
19/08/20206.5600SELL 493.76
30/07/20207.4500BUY 561.87
28/07/20206.9500SELL 563.00
14/07/20205.7650BUY 467.94
09/07/20205.7500SELL 468.88
30/06/20204.8700BUY 397.92
25/06/20204.4500SELL 398.72
22/06/20204.6200BUY 414.78
10/06/20204.6000SELL 415.61
21/05/20204.1500BUY 375.70
13/05/20204.2100SELL 376.45
04/05/20203.2200BUY 288.50
28/04/20202.8700SELL 289.08
01/04/20201.2100BUY 122.12
27/03/20201.0400SELL 122.36
24/03/20201.0700BUY 126.14
19/02/20201.4800SELL 126.39
14/02/20201.5100BUY 129.21
07/02/20201.4900SELL 129.47
03/02/20201.5100BUY 131.47
23/01/20201.6400SELL 131.73
10/01/20201.2400BUY 99.80
† Trade commissions are taken as 0.20%.
30/11/202028.5000SELL 12,080.58
20/11/202022.8100BUY 9,688.08
18/11/202021.6000SELL 9,707.50
02/11/202012.6100BUY 5,678.56
26/10/202011.9400SELL 5,689.94
22/10/202012.4500BUY 5,944.87
19/10/202013.0000SELL 5,956.78
13/10/202014.5200BUY 6,666.60
09/10/202012.0000SELL 6,679.96
18/09/20206.3400BUY 3,536.32
14/09/20205.2400SELL 3,543.41
09/09/20205.1500BUY 3,489.53
19/08/20206.5600SELL 3,496.52
30/07/20207.4500BUY 3,978.85
28/07/20206.9500SELL 3,986.82
14/07/20205.7650BUY 3,313.68
09/07/20205.7500SELL 3,320.32
30/06/20204.8700BUY 2,817.80
25/06/20204.4500SELL 2,823.45
22/06/20204.6200BUY 2,937.19
10/06/20204.6000SELL 2,943.08
21/05/20204.1500BUY 2,660.49
13/05/20204.2100SELL 2,665.82
04/05/20203.2200BUY 2,043.03
28/04/20202.8700SELL 2,047.12
01/04/20201.2100BUY 864.80
27/03/20201.0400SELL 866.53
24/03/20201.0700BUY 893.31
19/02/20201.4800SELL 895.10
14/02/20201.5100BUY 915.07
07/02/20201.4900SELL 916.90
03/02/20201.5100BUY 931.07
23/01/20201.6400SELL 932.94
10/01/20201.2400BUY 706.81
27/11/20191.6200SELL 708.23
25/11/20191.6550BUY 724.98
19/11/20191.6800SELL 726.43
07/11/20191.6500BUY 714.89
26/09/20192.4950SELL 716.32
18/09/20192.1650BUY 622.82
09/09/20192.7200SELL 624.07
03/09/20191.8300BUY 420.71
28/08/20191.4900SELL 421.55
18/07/20190.8400BUY 238.13
05/07/20190.8300SELL 238.61
02/07/20190.8500BUY 244.85
17/06/20190.8300SELL 245.34
13/06/20190.8800BUY 260.64
11/06/20190.8500SELL 261.16
28/05/20190.8400BUY 258.60
08/05/20190.8500SELL 259.12
30/04/20190.8600BUY 262.69
25/04/20190.8400SELL 263.22
17/04/20190.8600BUY 270.03
08/04/20190.8950SELL 270.57
01/04/20190.8100BUY 245.36
27/02/20191.0500SELL 245.85
20/02/20191.0400BUY 244.00
07/02/20191.1800SELL 244.49
05/02/20191.2400BUY 257.44
21/01/20191.3400SELL 257.96
08/01/20190.5500BUY 106.09
12/12/20180.5550SELL 106.30
05/12/20180.5200BUY 99.80
† Trade commissions are taken as 0.20%.


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