2169.HK SEHK
Canggang Railway
STAY LONG
Close
1.4600
Prev.Close
1.4500
Change
+0.0100
Change%
+0.69%
BEARISH MATCHING HIGH
Bought at
1.3700
Open
1.4500
High
1.4600
Low
1.4000
Close
1.4600
Gain%
+6.57%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Signal Update
Today's recommendation from our system is to STAY LONG. The previous BUY signal was issued on 2025-05-09, 5 days ago, when the stock price was 1.3700. Since then, 2169.HK has risen by +6.57%.
Market Outlook
The market is currently exhibiting uncertainty with a negative bias. There seems to be a lack of consensus among traders. The negative sentiment, however, is increasing, as evident from the latest bearish pattern. Therefore, it's wise to stay vigilant. The share price is still not below the confirmation level and the signal is suggesting to STAY LONG, but the chance of a bearish confirmation that will change the signal to <SELL is quite high. The Delayed Intraday Module is ON. We highly recommend closely monitoring intraday price movements due to the potential downside risks involved.
Pattern Description
This pattern occurs when two consecutive white candlesticks appear in an uptrend, both having equal closing prices. It signals that a top has been reached, as the new high was tested but failed to hold, indicating a strong resistance level. more...
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