600198 (SSE)

600198 SSE

Datang Telecom Technology A

SELL

8.8200

Prev.Close

9.2200

Change

-0.4000

Change%

-4.34%

BEARISH MEETING LINE

Sold at

9.0600

Open

9.1200

High

9.2100

Low

8.8000

8.8200

Gain%

-2.65%

Signal History

Date	Price	Signal	Change%		CNY100⇨
05-22	9.0600	SELL	-2.6%		103
05-19	8.3100	BUY	+9.0%	✔	95
05-15	8.2000	SELL	+1.3%	❌	95
04-18	7.9050	BUY	+3.7%	✔	92
04-16	7.9200	SELL	-0.2%	✔	93
04-09	7.3000	BUY	+8.5%	✔	86
03-24	8.7200	SELL	-16.3%	✔	87
03-05	9.2700	BUY	-5.9%	❌	93
02-28	9.5100	SELL	-2.5%	✔	93
02-21	9.2400	BUY	+2.9%	✔	91
02-18	9.0400	SELL	+2.2%	❌	92
02-05	8.2400	BUY	+9.7%	✔	84
01-21	8.3400	SELL	-1.2%	✔	85
01-08	8.0400	BUY	+3.7%	✔	82
12-23	10.8200	SELL	-25.7%	✔	83
12-18	12.9000	BUY	-16.1%	❌	99
12-16	10.6900	SELL	+20.7%	❌	100
12-10	10.8000	BUY	-1.0%	❌	101
12-04	10.7550	SELL	+0.4%	❌	102
11-27	10.4200	BUY	+3.2%	✔	99

† Trade commissions are taken as 0.60%.

Pattern & Confirmation Chart for the Last 6 Months

Signal Update

Today's recommendation from our system is to SELL. The BEARISH MEETING LINE pattern has finally received confirmation because the prices crossed below the confirmation level at 9.2200, and our valid average selling price now stands at 9.0600. The previous BUY signal was issued on 2025-05-19, 3 days ago, when the stock price was 8.3100. Since then, 600198 has risen by +9.03%.

Market Outlook

We may be at a market top or at the beginning of a correction. The market has lost momentum, and traders are now more aligned in their bearish outlook. The compelling evidence suggests it's prudent to consider closing 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 act on the signal, and then you can begin evaluating other securities for a potential bullish bet.

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, whereas the second day of the Bearish Meeting Line closes at the same level 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...