Nanjing Kangni Mechanical & Electrical Cls A
BUY
Close
6.0300
Prev.Close
5.9100
Change
+0.1200
Change%
+2.03%
Bought at
5.9500
Open
5.9200
High
6.0600
Low
5.9200
Close
6.0300
Gain%
+1.34%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Signal Update
Our system’s recommendation today is to BUY. The BULLISH MEETING LINE pattern finally received a confirmation because the prices crossed above the confirmation level which was at 5.9100, and our valid average buying price stands now at 5.9500. The previous SELL signal was issued on 2024-03-19, 9 days ago, when the stock price was 6.2300. Since then 603111 has fallen by -4.49%.
Market Outlook
Let’s jump on our white horses and go for a bullish ride. Today’s candlestick has a white body and its close is above the confirmation level. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. The trend is also bullish and perhaps it is the right time to participate in bullish fervor. The market is telling you about a new profit. Do not miss this bullish opportunity.
Pattern Description
This pattern occurs during a downtrend. The first day’s black candlestick is followed by a white candlestick that opens sharply lower and closes at the same level as the prior session’s close. It is similar to the Piercing Line pattern. However, the amount the second day rebounds is different. The Piercing Line’s second day closes above the midpoint of the first day’s body, while the second day the Bullish Meeting Line closes the same as the first day. Consequently, the Piercing Line is a more significant bottom reversal. Nonetheless, the Bullish Meeting Line deserves due respect as well. more...
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