Title
by Americanbulls.com LLC
Last Update
2020-10-20
^000008
SHANGHAI SE MISC SUBINDEX
Last Signal: SELL
Last Pattern: BEARISH MEETING LINE
Last Close:
2,991.4950
Change:
-9.8710
Percent change
-0.33%
Signal Update
Our system’s recommendation today is to SELL. The BEARISH MEETING LINE pattern finally received a confirmation because the values crossed below the confirmation level which was at 3,001.3660, and our valid average selling value stands now at 2,991.4950. The previous BUY signal was issued on 2020-10-13, 7 days ago, when the index value was 2,977.7770. Since then ^000008 has risen by +0.46%.
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
Date 
Price 
Signal 
 
CNY100⇨ 
2020-10-202,991.4950SELL 105.18
2020-10-132,977.7770BUY 105.33
2020-09-302,892.9680SELL 105.97
2020-09-182,935.2180BUY 108.17
2020-09-022,983.8750SELL 108.82
2020-08-282,970.0040BUY 108.97
2020-08-252,996.4070SELL 109.63
2020-08-142,970.1105BUY 109.32
2020-08-072,965.8890SELL 109.98
2020-07-312,920.0830BUY 108.94
2020-07-143,069.2050SELL 109.60
2020-07-012,697.5610BUY 96.91
2020-06-232,672.7920SELL 97.49
2020-06-082,689.3370BUY 98.69
2020-06-042,663.8350SELL 99.29
2020-06-012,628.1825BUY 98.55
2020-05-142,633.7330SELL 99.14
2020-04-282,624.7700BUY 99.40
† Trade commissions are taken as 0.60%.
Date 
Price 
Signal 
 
CNY100⇨ 
2020-10-202,991.4950SELL 92.26
2020-10-132,977.7770BUY 92.39
2020-09-302,892.9680SELL 92.95
2020-09-182,935.2180BUY 94.88
2020-09-022,983.8750SELL 95.45
2020-08-282,970.0040BUY 95.58
2020-08-252,996.4070SELL 96.16
2020-08-142,970.1105BUY 95.89
2020-08-072,965.8890SELL 96.47
2020-07-312,920.0830BUY 95.55
2020-07-143,069.2050SELL 96.13
2020-07-012,697.5610BUY 85.00
2020-06-232,672.7920SELL 85.51
2020-06-082,689.3370BUY 86.56
2020-06-042,663.8350SELL 87.08
2020-06-012,628.1825BUY 86.43
2020-05-142,633.7330SELL 86.95
2020-04-282,624.7700BUY 87.18
2020-04-242,600.7650SELL 87.71
2020-04-072,618.1560BUY 88.83
2020-04-012,565.8310SELL 89.37
2020-03-252,605.5330BUY 91.30
2020-03-092,771.6310SELL 91.85
2020-03-042,788.8410BUY 92.98
2020-02-242,834.4700SELL 93.54
2020-02-172,779.4220BUY 92.28
2020-01-212,931.5205SELL 92.84
2019-12-262,929.5720BUY 93.34
2019-12-232,912.2815SELL 93.90
2019-12-052,832.6960BUY 91.89
2019-11-212,832.0980SELL 92.44
2019-11-192,883.3100BUY 94.68
2019-11-112,881.9430SELL 95.25
2019-11-042,940.7670BUY 97.78
2019-10-312,888.9500SELL 98.37
2019-10-252,901.7710BUY 99.40
† Trade commissions are taken as 0.60%.
Date 
Price 
Signal 
 
CNY100⇨ 
2020-10-202,991.4950SELL 105.71
2020-10-132,977.7770BUY 105.86
2020-09-302,892.9680SELL 106.50
2020-09-182,935.2180BUY 108.71
2020-09-022,983.8750SELL 109.37
2020-08-282,970.0040BUY 109.52
2020-08-252,996.4070SELL 110.18
2020-08-142,970.1105BUY 109.87
2020-08-072,965.8890SELL 110.53
2020-07-312,920.0830BUY 109.48
2020-07-143,069.2050SELL 110.14
2020-07-012,697.5610BUY 97.39
2020-06-232,672.7920SELL 97.98
2020-06-082,689.3370BUY 99.18
2020-06-042,663.8350SELL 99.78
2020-06-012,628.1825BUY 99.04
2020-05-142,633.7330SELL 99.64
2020-04-282,624.7700BUY 99.90
2020-04-242,600.7650SELL 100.50
2020-04-072,618.1560BUY 101.78
2020-04-012,565.8310SELL 102.39
2020-03-252,605.5330BUY 104.60
2020-03-092,771.6310SELL 105.23
2020-03-042,788.8410BUY 106.52
2020-02-242,834.4700SELL 107.16
2020-02-172,779.4220BUY 105.71
2020-01-212,931.5205SELL 106.35
2019-12-262,929.5720BUY 106.92
2019-12-232,912.2815SELL 107.57
2019-12-052,832.6960BUY 105.26
2019-11-212,832.0980SELL 105.90
2019-11-192,883.3100BUY 108.47
2019-11-112,881.9430SELL 109.12
2019-11-042,940.7670BUY 112.02
2019-10-312,888.9500SELL 112.70
2019-10-252,901.7710BUY 113.88
2019-10-152,912.9020SELL 114.57
2019-10-092,818.5870BUY 111.53
2019-09-172,886.6320SELL 112.20
2019-08-192,766.0210BUY 108.16
2019-08-052,784.4490SELL 108.81
2019-07-242,867.2360BUY 112.72
2019-07-172,855.0320SELL 113.40
2019-07-122,853.3730BUY 114.02
2019-07-042,910.6720SELL 114.71
2019-06-182,837.4210BUY 112.50
2019-06-142,815.9060SELL 113.18
2019-06-112,804.7660BUY 113.41
2019-05-312,796.1290SELL 114.09
2019-05-272,775.0610BUY 113.91
2019-04-223,040.6305SELL 114.60
2019-03-292,863.4490BUY 108.57
2019-03-082,920.3060SELL 109.23
2019-02-192,647.1580BUY 99.61
2019-02-152,600.3600SELL 100.21
2019-01-162,455.2250BUY 95.19
2019-01-082,421.8620SELL 95.76
2019-01-042,417.0360BUY 96.15
2018-12-062,534.6510SELL 96.73
2018-11-282,528.1770BUY 97.07
2018-11-222,548.4820SELL 97.66
2018-11-162,579.2150BUY 99.43
2018-11-062,602.6280SELL 100.03
2018-10-312,570.7880BUY 99.40
† Trade commissions are taken as 0.60%.

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