Title
by Americanbulls.com LLC
Last Update
2020-04-02
1268.HK
MEIDONG AUTO
Last Signal: SELL
Last Pattern: BEARISH THREE GAP UPS
Last Close:
12.0400
Change:
-1.4600
Percent change
-10.81%
Signal Update
Our system’s recommendation today is to SELL. The BEARISH THREE GAP UPS pattern finally received a confirmation because the prices crossed below the confirmation level which was at 12.8500, and our valid average selling price stands now at 12.7300. The previous BUY signal was issued on 2020-03-23, 10 days ago, when the stock price was 8.4300. Since then 1268.HK has risen by +51.01%.
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 is a four day bearish reversal pattern. It consists of three consecutive days each gapping higher on the open. After Three Gap Ups the market becomes extremely overbought and ready for the reversal of the current uptrend. more...
Signal History
Date 
Price 
Signal 
 
HKD100⇨ 
2020-04-0212.7300SELL 264.27
2020-03-238.4300BUY 175.53
2020-02-2712.1700SELL 176.06
2020-02-079.8900BUY 143.51
2020-01-2110.5200SELL 143.94
2020-01-1510.2800BUY 141.08
2020-01-0910.7700SELL 141.50
2019-12-199.5600BUY 125.98
2019-12-169.3900SELL 126.36
2019-12-048.7700BUY 118.37
2019-12-028.6500SELL 118.73
2019-11-198.1900BUY 112.75
2019-11-117.8500SELL 113.09
2019-10-166.9000BUY 99.70
† Trade commissions are taken as 0.30%.
Date 
Price 
Signal 
 
HKD100⇨ 
2020-04-0212.7300SELL 377.41
2020-03-238.4300BUY 250.68
2020-02-2712.1700SELL 251.43
2020-02-079.8900BUY 204.94
2020-01-2110.5200SELL 205.56
2020-01-1510.2800BUY 201.47
2020-01-0910.7700SELL 202.08
2019-12-199.5600BUY 179.92
2019-12-169.3900SELL 180.46
2019-12-048.7700BUY 169.05
2019-12-028.6500SELL 169.56
2019-11-198.1900BUY 161.03
2019-11-117.8500SELL 161.51
2019-10-166.9000BUY 142.39
2019-10-047.0100SELL 142.82
2019-09-056.5500BUY 133.85
2019-09-036.2900SELL 134.25
2019-08-205.8100BUY 124.38
2019-07-315.7900SELL 124.75
2019-06-215.1850BUY 112.05
2019-06-175.1600SELL 112.39
2019-05-224.3400BUY 94.81
2019-05-174.4200SELL 95.10
2019-05-034.6200BUY 99.70
† Trade commissions are taken as 0.30%.
Date 
Price 
Signal 
 
HKD100⇨ 
2020-04-0212.7300SELL 694.47
2020-03-238.4300BUY 461.27
2020-02-2712.1700SELL 462.66
2020-02-079.8900BUY 377.11
2020-01-2110.5200SELL 378.24
2020-01-1510.2800BUY 370.72
2020-01-0910.7700SELL 371.84
2019-12-199.5600BUY 331.06
2019-12-169.3900SELL 332.06
2019-12-048.7700BUY 311.07
2019-12-028.6500SELL 312.01
2019-11-198.1900BUY 296.31
2019-11-117.8500SELL 297.20
2019-10-166.9000BUY 262.02
2019-10-047.0100SELL 262.81
2019-09-056.5500BUY 246.30
2019-09-036.2900SELL 247.04
2019-08-205.8100BUY 228.87
2019-07-315.7900SELL 229.56
2019-06-215.1850BUY 206.19
2019-06-175.1600SELL 206.81
2019-05-224.3400BUY 174.47
2019-05-174.4200SELL 174.99
2019-05-034.6200BUY 183.46
2019-04-244.7700SELL 184.01
2019-03-283.8100BUY 147.42
2019-03-213.6300SELL 147.86
2019-03-153.6000BUY 147.08
2019-03-083.6000SELL 147.52
2019-02-223.3900BUY 139.33
2019-02-153.2650SELL 139.75
2019-01-252.9900BUY 128.36
2019-01-102.7300SELL 128.75
2018-12-312.8400BUY 134.34
2018-12-182.9400SELL 134.74
2018-11-272.8950BUY 133.08
2018-11-193.0000SELL 133.48
2018-11-063.1000BUY 138.34
2018-10-253.2900SELL 138.76
2018-10-193.3500BUY 141.72
2018-10-163.3700SELL 142.15
2018-10-123.6400BUY 154.00
2018-10-023.5800SELL 154.46
2018-09-213.4700BUY 150.16
2018-08-293.6000SELL 150.61
2018-08-212.8100BUY 117.91
2018-08-132.7400SELL 118.26
2018-08-082.8100BUY 121.65
2018-07-183.5100SELL 122.02
2018-07-093.2550BUY 113.50
2018-06-194.0700SELL 113.84
2018-06-063.8000BUY 106.61
2018-05-303.8100SELL 106.93
2018-05-043.5100BUY 98.81
2018-04-303.4400SELL 99.11
2018-04-163.4500BUY 99.70
† Trade commissions are taken as 0.30%.

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