MEI.AX ASX
Meteoric Resources
SHORT
Close
0.1150
Prev.Close
0.1200
Change
-0.0050
Change%
-4.17%
BEARISH HARAMI
Sold at
0.1190
Open
0.1200
High
0.1250
Low
0.1150
Close
0.1150
Gain%
-3.36%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Signal Update
Today's recommendation from our system is to SHORT. The BEARISH HARAMI pattern has finally received confirmation because the prices crossed below the confirmation level at 0.1200, and our valid average selling price now stands at 0.1190. The previous BUY signal was issued on 27/06/2025, 7 days ago, when the stock price was 0.1160. Since then, MEI.AX has risen by +2.59%.
Market Outlook
The bears have substantial evidence supporting their case, prompting us to consider placing a bearish bet. 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 SHORT signal is generated. Act on the signal and capitalize on the bearish sentiment before the opportunity fades. 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.
Pattern Description
This pattern comprises a large white candlestick followed by a smaller black candlestick that is entirely contained within the range of the previous white candlestick. The pattern resembles a pregnant woman when outlined, hence the name. "Harami" is a Japanese term that means "pregnant." In this context, the larger white candlestick is referred to as the "mother," while the smaller black candlestick is the "baby." more...
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