Pakistan International Bulk Terminal Ltd. (Daily chart):
Current Situation: 📊
Price: 15.61 PKR, down 1.20% 📉
Volume: 19.28M (massive - something's happening!) 🌊
DANGER ZONE! Stock rejecting hard from channel top! ⚠️🚨
The Big Picture: 🎯
PIBTL had an incredible 300%+ rally from 3.80 to 18.00 over 2+ years! Clean ascending channel throughout. But now showing classic topping behavior - touched upper channel boundary (green line) and getting rejected. Similar warning signs as Meezan Bank! 😰
Key Technical Levels: 🎯
Support Zones:
Immediate: 15.20-15.60 (current battle zone) ⚔️
Strong: 14.50-15.00 (recent consolidation) 💪
Critical: 14.00-14.50 (0.618 Fib + minor support) 🛡️
Major: 12.50-13.00 (channel midpoint) 🏰
Deep: 11.00-11.50 (previous resistance turned support) ⚓
Ultimate: 8.00-8.50 (0.786 Fib + lower channel) 💀
Resistance Zones:
Immediate: 16.00-16.50 (broken support now resistance) 🔴
Strong: 17.00-17.50 (recent consolidation top) 🏔️
Major: 17.80-18.10 (all-time high + 0.5 Fib extension) 🚫
Extension: 18.50+ (0.5 Fib - unlikely now) 📊
Chart Pattern: 📐
Multi-year ascending channel (pink/red lines) 📈
Recently touched upper channel boundary and rejected! 💥
Formed a mini rising wedge within the larger channel ⚠️
Potential double top forming at 17.80-18.00 zone 🎩🎩
Broke below the accelerated green trendline - first warning! 🚨
Fibonacci Analysis: 📏
0.5 (18.09) - Just touched and rejected! 🔴
0.618 (14.07) - Key support ahead
0.786 (8.35) - Lower channel boundary
Multiple Fib confluence zones creating strong levels ✅
Volume Behavior: 📊
HUGE volume today (19.28M) on a red day! 🚨
Multiple volume spikes throughout rally (circled)
Recent volume increasing on down days = Distribution! 😰
Classic sign of smart money exiting 💸
Volume pattern deteriorating 📉
Trend Structure: 📈
Long-term: Bullish (but cracking) 🐂➡️😐
Medium-term: Bearish warning! ⚠️
Short-term: Bearish (broke support) 🐻
Broke the green accelerated trendline = First crack! 💔
Channel top rejection = Major red flag! 🚩
Technical Outlook: 🔮
Bearish Case (70% probability): 🐻
Fails to reclaim 16.00-16.50 quickly 📉
Tests 14.00-14.50 zone (-10% downside) 😰
If that breaks: 12.50-13.00 channel mid (-20%) 🚨
Worst case: 11.00-11.50 or lower 💀
High volume rejection = Strong signal! 🔴
Neutral Case (20% probability): 😐
Bounces from 15.00-15.50 current levels
Choppy consolidation for weeks
Eventually retests channel top or breaks down
Time will tell ⏰
Bullish Case (10% probability): 🐂
Quick recovery above 16.50 with volume
Breaks to new highs above 18.10
Very unlikely given volume pattern! 🤷♂️
Would need major positive catalyst 📰
Trading Strategy: 💡
For Current Holders: 😰
RED ALERT! This is serious! 🚨🚨
Tight stop loss: Below 15.00 🛑
Or cut losses now at market
Don't wait for bigger damage! ⚠️
High volume rejection = Bad news 📉
For New Buyers: 🤔
STAY AWAY! Don't catch this knife! 🔪
Wait for 14.00-14.50 test minimum ✋
Better: 12.50-13.00 (channel mid) 💰
Best: 11.00-11.50 if deeper correction 🎯
Current levels = TRAP ZONE! 🪤
For Traders: 📈
Short-term bounce to 16.00 possible (risky!)
Better: Wait for lower entry points
Short sellers: Look for lower high formation
Day traders: High volatility - tight stops! ⚡
Risk Assessment: ⚖️
🔴 HIGH RISK 🔴
Channel top rejection confirmed ✅
Massive volume on breakdown 🚨
Similar pattern to failing banking stocks 😰
Topping pattern forming 🎩🎩
Risk/reward heavily favors downside! 📉
Why This Looks Dangerous: ⚠️
Similar to Meezan Bank/Hub Power pattern:
Touch channel top ✅
Massive rally before (300%+) ✅
High volume rejection ✅
Breaking support levels ✅
All warning signs present! 🚨
What Could Go Right: ✅
Finds support at 15.00 and stabilizes
Sector-specific positive news emerges
Market-wide rally lifts all boats
Forms higher low and resumes uptrend
(Low probability scenarios) 🤷♂️
What Could Go Wrong: ❌
Cascades below 15.00 on more volume 😱
Tests 14.00 then 12.50-13.00 📉
Gets stuck in prolonged correction
Channel support fails completely 💀
20-30% correction from here 🚨
Key Levels to Watch: 👀
16.00: Reclaim = Short-term relief 🟡
15.00: Current critical support 🔴
14.00-14.50: Major support zone ahead ⚠️
12.50-13.00: Channel midpoint - key! 🎯
Volume Message: 📊
Today's 19.28M volume is screaming:
Distribution in progress! 📢
Smart money reducing positions 💸
Retail likely holding/buying the dip 😰
This is a major warning sign! 🚨
Time Horizon: ⏰
Short-term (1-2 weeks): Test 14.00-15.00 📉
Medium-term (1-3 months): Likely 12.00-15.00 range 😐
Long-term (6+ months): Could resume uptrend from lower 🐂
Bottom Line: 🎯
PIBTL is showing MAJOR warning signs - channel top rejection with huge volume! This looks like the beginning of a correction after a 300%+ rally. The 15.00 level is critical - if it breaks, expect a move to 14.00-14.50, then potentially 12.50-13.00. Current levels offer terrible risk/reward.
This is NOT the dip to buy! Wait for the dust to settle and proper support formation at lower levels. The massive volume today tells us institutions are exiting - follow the smart money! 🏃♂️💨
Price: 15.61 PKR, down 1.20% 📉
Volume: 19.28M (massive - something's happening!) 🌊
DANGER ZONE! Stock rejecting hard from channel top! ⚠️🚨
The Big Picture: 🎯
PIBTL had an incredible 300%+ rally from 3.80 to 18.00 over 2+ years! Clean ascending channel throughout. But now showing classic topping behavior - touched upper channel boundary (green line) and getting rejected. Similar warning signs as Meezan Bank! 😰
Key Technical Levels: 🎯
Support Zones:
Immediate: 15.20-15.60 (current battle zone) ⚔️
Strong: 14.50-15.00 (recent consolidation) 💪
Critical: 14.00-14.50 (0.618 Fib + minor support) 🛡️
Major: 12.50-13.00 (channel midpoint) 🏰
Deep: 11.00-11.50 (previous resistance turned support) ⚓
Ultimate: 8.00-8.50 (0.786 Fib + lower channel) 💀
Resistance Zones:
Immediate: 16.00-16.50 (broken support now resistance) 🔴
Strong: 17.00-17.50 (recent consolidation top) 🏔️
Major: 17.80-18.10 (all-time high + 0.5 Fib extension) 🚫
Extension: 18.50+ (0.5 Fib - unlikely now) 📊
Chart Pattern: 📐
Multi-year ascending channel (pink/red lines) 📈
Recently touched upper channel boundary and rejected! 💥
Formed a mini rising wedge within the larger channel ⚠️
Potential double top forming at 17.80-18.00 zone 🎩🎩
Broke below the accelerated green trendline - first warning! 🚨
Fibonacci Analysis: 📏
0.5 (18.09) - Just touched and rejected! 🔴
0.618 (14.07) - Key support ahead
0.786 (8.35) - Lower channel boundary
Multiple Fib confluence zones creating strong levels ✅
Volume Behavior: 📊
HUGE volume today (19.28M) on a red day! 🚨
Multiple volume spikes throughout rally (circled)
Recent volume increasing on down days = Distribution! 😰
Classic sign of smart money exiting 💸
Volume pattern deteriorating 📉
Trend Structure: 📈
Long-term: Bullish (but cracking) 🐂➡️😐
Medium-term: Bearish warning! ⚠️
Short-term: Bearish (broke support) 🐻
Broke the green accelerated trendline = First crack! 💔
Channel top rejection = Major red flag! 🚩
Technical Outlook: 🔮
Bearish Case (70% probability): 🐻
Fails to reclaim 16.00-16.50 quickly 📉
Tests 14.00-14.50 zone (-10% downside) 😰
If that breaks: 12.50-13.00 channel mid (-20%) 🚨
Worst case: 11.00-11.50 or lower 💀
High volume rejection = Strong signal! 🔴
Neutral Case (20% probability): 😐
Bounces from 15.00-15.50 current levels
Choppy consolidation for weeks
Eventually retests channel top or breaks down
Time will tell ⏰
Bullish Case (10% probability): 🐂
Quick recovery above 16.50 with volume
Breaks to new highs above 18.10
Very unlikely given volume pattern! 🤷♂️
Would need major positive catalyst 📰
Trading Strategy: 💡
For Current Holders: 😰
RED ALERT! This is serious! 🚨🚨
Tight stop loss: Below 15.00 🛑
Or cut losses now at market
Don't wait for bigger damage! ⚠️
High volume rejection = Bad news 📉
For New Buyers: 🤔
STAY AWAY! Don't catch this knife! 🔪
Wait for 14.00-14.50 test minimum ✋
Better: 12.50-13.00 (channel mid) 💰
Best: 11.00-11.50 if deeper correction 🎯
Current levels = TRAP ZONE! 🪤
For Traders: 📈
Short-term bounce to 16.00 possible (risky!)
Better: Wait for lower entry points
Short sellers: Look for lower high formation
Day traders: High volatility - tight stops! ⚡
Risk Assessment: ⚖️
🔴 HIGH RISK 🔴
Channel top rejection confirmed ✅
Massive volume on breakdown 🚨
Similar pattern to failing banking stocks 😰
Topping pattern forming 🎩🎩
Risk/reward heavily favors downside! 📉
Why This Looks Dangerous: ⚠️
Similar to Meezan Bank/Hub Power pattern:
Touch channel top ✅
Massive rally before (300%+) ✅
High volume rejection ✅
Breaking support levels ✅
All warning signs present! 🚨
What Could Go Right: ✅
Finds support at 15.00 and stabilizes
Sector-specific positive news emerges
Market-wide rally lifts all boats
Forms higher low and resumes uptrend
(Low probability scenarios) 🤷♂️
What Could Go Wrong: ❌
Cascades below 15.00 on more volume 😱
Tests 14.00 then 12.50-13.00 📉
Gets stuck in prolonged correction
Channel support fails completely 💀
20-30% correction from here 🚨
Key Levels to Watch: 👀
16.00: Reclaim = Short-term relief 🟡
15.00: Current critical support 🔴
14.00-14.50: Major support zone ahead ⚠️
12.50-13.00: Channel midpoint - key! 🎯
Volume Message: 📊
Today's 19.28M volume is screaming:
Distribution in progress! 📢
Smart money reducing positions 💸
Retail likely holding/buying the dip 😰
This is a major warning sign! 🚨
Time Horizon: ⏰
Short-term (1-2 weeks): Test 14.00-15.00 📉
Medium-term (1-3 months): Likely 12.00-15.00 range 😐
Long-term (6+ months): Could resume uptrend from lower 🐂
Bottom Line: 🎯
PIBTL is showing MAJOR warning signs - channel top rejection with huge volume! This looks like the beginning of a correction after a 300%+ rally. The 15.00 level is critical - if it breaks, expect a move to 14.00-14.50, then potentially 12.50-13.00. Current levels offer terrible risk/reward.
This is NOT the dip to buy! Wait for the dust to settle and proper support formation at lower levels. The massive volume today tells us institutions are exiting - follow the smart money! 🏃♂️💨
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.