Title
by Americanbulls.com LLC
Last Update
2019-08-23
0639.HK
SHOUGANG RES
Last Signal: BUY
Last Pattern: BULLISH ENGULFING*
Last Close:
1.6500
Change:
+0.0700
Percent change
+4.43%
Signal Update
Our system’s recommendation today is to BUY. The BULLISH ENGULFING* pattern finally received a confirmation because the prices crossed above the confirmation level which was at 1.6300, and our valid average buying price stands now at 1.6400. The previous SELL signal was issued on 2019-08-22, 1 day ago, when the stock price was 1.5800. Since then 0639.HK has risen by +3.80%.
Market Outlook
Let’s jump on our white horses and go for a bullish ride. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. Most probably, 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. more...


Candlestick Pattern Chart
The chart showing Series 1 series.
Pattern Description
*This is not a new pattern. It is the last pattern that was confirmed previously which is still valid for reconfirmation.
Signal History
Date 
Price 
Signal 
 
HKD100⇨ 
2019-08-231.6400BUY 93.98
2019-08-221.5800SELL 94.26
2019-08-191.6400BUY 98.13
2019-08-131.6000SELL 98.43
2019-08-081.6500BUY 101.81
2019-07-191.7200SELL 102.12
2019-07-161.7400BUY 103.62
2019-07-051.7600SELL 103.93
2019-07-021.7100BUY 101.28
2019-06-261.6500SELL 101.58
2019-06-191.6300BUY 100.65
2019-06-121.6300SELL 100.95
2019-06-061.6600BUY 103.12
2019-04-171.9900SELL 103.43
2019-04-021.8700BUY 97.49
2019-03-191.8100SELL 97.78
2019-03-041.8400BUY 99.70
† Trade commissions are taken as 0.30%.
Date 
Price 
Signal 
 
HKD100⇨ 
2019-08-231.6400BUY 110.67
2019-08-221.5800SELL 111.00
2019-08-191.6400BUY 115.56
2019-08-131.6000SELL 115.91
2019-08-081.6500BUY 119.89
2019-07-191.7200SELL 120.25
2019-07-161.7400BUY 122.01
2019-07-051.7600SELL 122.38
2019-07-021.7100BUY 119.26
2019-06-261.6500SELL 119.62
2019-06-191.6300BUY 118.53
2019-06-121.6300SELL 118.89
2019-06-061.6600BUY 121.44
2019-04-171.9900SELL 121.81
2019-04-021.8700BUY 114.81
2019-03-191.8100SELL 115.16
2019-03-041.8400BUY 117.42
2019-02-271.8300SELL 117.77
2019-02-191.8300BUY 118.12
2019-02-151.8200SELL 118.48
2019-01-071.5800BUY 103.17
2018-12-061.6300SELL 103.48
2018-11-301.6000BUY 101.88
2018-11-201.6200SELL 102.19
2018-10-311.5800BUY 99.97
2018-10-291.5800SELL 100.27
2018-10-221.6400BUY 104.39
2018-10-181.5800SELL 104.70
2018-09-141.5000BUY 99.70
† Trade commissions are taken as 0.30%.
Date 
Price 
Signal 
 
HKD100⇨ 
2019-08-231.6400BUY 178.42
2019-08-221.5800SELL 178.96
2019-08-191.6400BUY 186.31
2019-08-131.6000SELL 186.87
2019-08-081.6500BUY 193.29
2019-07-191.7200SELL 193.87
2019-07-161.7400BUY 196.71
2019-07-051.7600SELL 197.30
2019-07-021.7100BUY 192.27
2019-06-261.6500SELL 192.85
2019-06-191.6300BUY 191.09
2019-06-121.6300SELL 191.67
2019-06-061.6600BUY 195.79
2019-04-171.9900SELL 196.38
2019-04-021.8700BUY 185.09
2019-03-191.8100SELL 185.65
2019-03-041.8400BUY 189.29
2019-02-271.8300SELL 189.86
2019-02-191.8300BUY 190.43
2019-02-151.8200SELL 191.00
2019-01-071.5800BUY 166.31
2018-12-061.6300SELL 166.81
2018-11-301.6000BUY 164.23
2018-11-201.6200SELL 164.72
2018-10-311.5800BUY 161.14
2018-10-291.5800SELL 161.62
2018-10-221.6400BUY 168.26
2018-10-181.5800SELL 168.77
2018-09-141.5000BUY 160.71
2018-08-281.8350SELL 161.19
2018-08-211.8300BUY 161.23
2018-07-311.9000SELL 161.72
2018-07-271.9500BUY 166.48
2018-07-161.8200SELL 166.98
2018-07-091.7800BUY 163.80
2018-06-261.9600SELL 164.29
2018-06-222.0200BUY 169.83
2018-06-112.0800SELL 170.34
2018-06-012.0652BUY 169.64
2018-05-232.0578SELL 170.15
2018-05-021.9100BUY 158.40
2018-04-261.8991SELL 158.88
2018-04-181.8319BUY 153.72
2018-03-162.2099SELL 154.18
2018-03-142.2219BUY 155.48
2018-03-012.3456SELL 155.95
2018-02-141.8613BUY 124.12
2018-02-062.0085SELL 124.49
2018-01-221.7196BUY 106.90
2018-01-181.6574SELL 107.22
2018-01-081.7440BUY 113.16
2018-01-041.6965SELL 113.50
2017-12-271.5828BUY 106.21
2017-12-211.5411SELL 106.53
2017-12-131.4850BUY 102.96
2017-12-061.4996SELL 103.27
2017-11-211.4927BUY 103.10
2017-11-151.5863SELL 103.41
2017-11-081.6187BUY 105.84
2017-10-191.7499SELL 106.16
2017-10-131.7635BUY 107.31
2017-10-111.7450SELL 107.63
2017-09-271.7001BUY 105.18
2017-09-141.8459SELL 105.50
2017-09-011.7392BUY 99.70
† Trade commissions are taken as 0.30%.

Disclaimers:

Americanbulls.com LLC is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, Americanbulls.com LLC relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws. As such, Americanbulls.com LLC does not offer or provide personalized investment advice. This site and all others owned and operated by Americanbulls.com LLC are bona fide publications of general and regular circulation offering impersonal investment-related advice to member and /or prospective members.

Hongkongbulls.com is an independent website. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

Therefore, Hongkongbulls.com and Americanbulls.com LLC is exempt from the definition of “investment adviser” as provided under Section 202(a) (11) of the Investment Advisers Act of 1940 and corresponding state securities laws, and hence registration as such is not required. We are not a registered broker-dealer. Material provided by Americanbulls.com LLC is for informational purposes only, and that no mention of a particular security in any of our materials constitutes a recommendation to buy, sell, or hold that or any other security, or that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. To the extent that any of the information obtained from Americanbulls.com LLC may be deemed to be investment opinion, such information is impersonal and not tailored to the investment needs of any specific person. Americanbulls.com LLC does not promise, guarantee or imply verbally or in writing that any information provided through our websites, commentaries, or reports, in any printed material, or displayed on any of our websites, will result in a profit or loss.

Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital. Neither Americanbulls.com LLC, nor Hongkongbulls.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.

Displayed information is based on widely-accepted methods of technical analysis based on candlestick patterns. All information is from sources deemed to be reliable, but there is no guarantee to the accuracy. Long-term investment success relies on recognizing probabilities in price action for possible future outcomes, rather than absolute certainty – risk management is critical for success. Error and uncertainty are part of any form of market analysis. Past performance is no guarantee of future performance. Investment/ trading carries significant risk of loss and you should consult your financial professional before investing or trading. Your financial adviser can give you specific financial advice that is appropriate to your needs, risk-tolerance, and financial position. Any trades or hedges you make are taken at your own risk for your own account.

You agree that Hongkongbulls.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.