Vol: ...  6 mo: 0★  24 mo: 0★
NYSE ARCA HONG KONG 30
SELL
Close
1575
Prev Close
1578
Change
-3.0000
Change%
-0.19%
Delayed Intraday Module : OFF
SESSION CLOSED
Sold at
1575.29
Open
1578
High
1578
Low
1575
Close
1575
 
0.00%
Bullish trend! Sell and subsequent Stay in Cash signals can be omitted.
Signal Update
Our system’s recommendation today is to SELL. The BEARISH HARAMI pattern finally received a confirmation because the values crossed below the confirmation level which was at 1578, and our valid average selling value stands now at 1575. The previous BUY signal was issued on 02/02/2021, 3 days ago, when the index value was 1549. Since then ^HKX has risen by +1.70%.
Market Outlook
We may be at a market top or at the start of a correction. 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. Today’s candlestick has a black body and its close is below the confirmation level. 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.
Pattern Description
This pattern consists of a white body and a small black body that is completely inside the range of the white body. If an outline is drawn for the pattern, it looks like a pregnant woman. This is not a coincidence. “Harami” is an old Japanese word for “pregnant”. The white candlestick is “the mother” and the small candlestick is “the baby”. more...
Signal History
Pattern & Confirmation Chart for the Last 6 Months
^HKX Pattern & Confirmation History since 12/19/2020
DatePatternStop LossBuy/ SellConfirmedDateSignal
02/04/21
BEARISH HARAMI
1586 1578.38 1575 02/05
SELL
02/01/21
BULLISH ENGULFING
1503 1545.78 1549 02/02
BUY
01/26/21
BEARISH HARAMI
1615 1562.36 1559 01/27
SELL
01/21/21
BEARISH HARAMI
1566 1539.32
01/13/21
BEARISH DELIBERATION BLOCK
1429 1427.69
01/07/21
BEARISH ENGULFING
1408 1382.14
12/31/20
BEARISH DELIBERATION BLOCK
1364 1363.09
12/29/20
BULLISH HARAMI
1317 1330.06 1333 12/30
BUY
12/23/20
BULLISH HARAMI
1336 1339.53
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