600968 (SSE)

600968 SSE

CNOOC Energy Technology Services A

STAY IN CASH

4.0300

Prev.Close

3.9900

Change

+0.0400

Change%

+1.00%

BULLISH THREE GAP DOWNS

Sold at

4.2700

Open

3.9900

High

4.0400

Low

3.9700

4.0300

Gain%

-5.62%

Signal History

Date	Price	Signal	Change%		CNY100⇨
09-04	4.2700	SELL	-5.6%	✔	124
08-27	3.9600	BUY	+7.8%	✔	116
08-20	3.8400	SELL	+3.1%	❌	116
08-09	3.8200	BUY	+0.5%	✔	116
07-30	3.8000	SELL	+0.5%	❌	117
07-26	3.8600	BUY	-1.6%	❌	120
07-17	4.1700	SELL	-7.4%	✔	120
07-15	4.2500	BUY	-1.9%	❌	123
07-10	4.2100	SELL	+1.0%	❌	124
07-01	4.1400	BUY	+1.7%	✔	123
05-31	4.2100	SELL	-1.7%	✔	124
05-27	4.2500	BUY	-0.9%	❌	126
05-16	4.2600	SELL	-0.2%	✔	126
05-06	4.1150	BUY	+3.5%	✔	123
04-23	4.2700	SELL	-3.6%	✔	124
03-28	3.3250	BUY	+28.4%	✔ 👍	97
03-21	3.3200	SELL	+0.2%	❌	97
03-18	3.3700	BUY	-1.5%	❌	99

† Trade commissions are taken as 0.60%.

Pattern & Confirmation Chart for the Last 6 Months

Signal Update

Our system’s recommendation today is to STAY IN CASH. The previous SELL signal was issued on 2024-09-04, 6 days ago, when the stock price was 4.2700. Since then 600968 has fallen by -5.62%.

Market Outlook

The last pattern detected was bullish with positive implications. The overall evidence, however, is saying “Watch Out!” but it is not yet pointing to BUY. The share price is still not above the confirmation level and the signal is suggesting to STAY IN CASH, but the chance of a bullish confirmation that will change the signal to BUY is very high. The Delayed Intraday Module is ON. We strongly suggest you to follow the price action on an intraday basis in order to profit most from the early phase of a bull run.

Pattern Description

This is a four day bullish reversal pattern. It consists of three consecutive days each gapping lower on the open. After Three Gap Downs the market becomes extremely oversold and ready for the reversal of the current downtrend. more...

Date	Price	Signal	Change%		CNY100⇨
09-04	4.2700	SELL	-5.6%	✔	142
08-27	3.9600	BUY	+7.8%	✔	133
08-20	3.8400	SELL	+3.1%	❌	133
08-09	3.8200	BUY	+0.5%	✔	133
07-30	3.8000	SELL	+0.5%	❌	134
07-26	3.8600	BUY	-1.6%	❌	137
07-17	4.1700	SELL	-7.4%	✔	138
07-15	4.2500	BUY	-1.9%	❌	142
07-10	4.2100	SELL	+1.0%	❌	142
07-01	4.1400	BUY	+1.7%	✔	141
05-31	4.2100	SELL	-1.7%	✔	142
05-27	4.2500	BUY	-0.9%	❌	144
05-16	4.2600	SELL	-0.2%	✔	145
05-06	4.1150	BUY	+3.5%	✔	141
04-23	4.2700	SELL	-3.6%	✔	142
03-28	3.3250	BUY	+28.4%	✔ 👍	111
03-21	3.3200	SELL	+0.2%	❌	112
03-18	3.3700	BUY	-1.5%	❌	114
03-12	3.3200	SELL	+1.5%	❌	115
02-07	2.9300	BUY	+13.3%	✔ 👍	102
01-31	2.9600	SELL	-1.0%	✔	102
01-24	2.7350	BUY	+8.2%	✔	95
01-19	2.8200	SELL	-3.0%	✔	96
01-15	2.9100	BUY	-3.1%	❌	99
01-05	2.9100	SELL	0.0%	❌	100
12-27	2.8100	BUY	+3.6%	✔	97
12-13	2.8100	SELL	0.0%	❌	98
12-11	2.8350	BUY	-0.9%	❌	99
11-16	2.9600	SELL	-4.2%	✔	100
11-14	3.0300	BUY	-2.3%	❌	103
11-06	2.9900	SELL	+1.3%	❌	103
10-26	3.1300	BUY	-4.5%	❌	109
10-19	3.1500	SELL	-0.6%	✔	110
10-16	3.1350	BUY	+0.5%	✔	110
09-25	3.1700	SELL	-1.1%	✔	110
09-14	3.2300	BUY	-1.9%	❌	113
09-08	3.1500	SELL	+2.5%	❌	114
08-18	2.9150	BUY	+8.1%	✔	106
08-16	3.0100	SELL	-3.2%	✔	107
08-10	3.0700	BUY	-2.0%	❌	109