OTELG (OSE)

OTELG OSE

OBX TELECOMMUNICATIONS GR

SHORT

2490

Prev.Close

2513

Change

-23.0000

Change%

-0.92%

BEARISH THREE GAP UPS

Sold at

2506.00

Open

2513

High

2516

Low

2487

2490

Gain%

-0.64%

Signal History

Date	Price	Signal	Change%		NOK100⇨
01.12	2506	SHORT	-0.6%		103
20.11	2450	BUY	+2.3%	✔	101
27.10	2796	SELL	-12.4%	✔	101
10.10	2756	BUY	+1.4%	✔	100
08.10	2725	SHORT	+1.1%	❌	102
01.10	2762	BUY	-1.3%	❌	103
17.09	2781	SELL	-0.7%	✔	103
11.09	2809	BUY	-1.0%	❌	105
08.09	2775	SHORT	+1.2%	❌	106
13.08	2682	BUY	+3.5%	✔	103
07.08	2679	SELL	+0.1%	❌	103
19.06	2536	BUY	+5.7%	✔	98
16.06	2521	SHORT	+0.6%	❌	99
12.06	2545	BUY	-1.0%	❌	100

† Trade commissions are taken as 0.15%.

Pattern & Confirmation Chart for the Last 6 Months

Signal Update

Today's recommendation from our system is to SHORT. The BEARISH THREE GAP UPS pattern has finally received confirmation because the values crossed below the confirmation level at 2523, and our valid average selling value now stands at 2506. The previous BUY signal was issued on 20.11.2025, 11 days ago, when the index value was 2450. Since then, OTELG has risen by +2.29%.

Market Outlook

The bears have substantial evidence supporting their case, prompting us to consider placing a bearish bet. 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 SHORT signal is generated. Act on the signal and capitalize on the bearish sentiment before the opportunity fades. SHORT is a dangerous signal. Sudden increases in prices can lead to huge losses. For this reason stop-loss levels must be kept in mind at all times and SHORT orders must never be placed without a stop-loss.

Pattern Description

This is a four-day bearish reversal pattern. It consists of three consecutive days, each opening with a gap up. After Three Gap Ups, the market becomes significantly overbought, signaling a potential reversal of the current uptrend. more...

Date	Price	Signal	Change%		NOK100⇨
01.12	2506	SHORT	-0.6%		155
20.11	2450	BUY	+2.3%	✔	152
27.10	2796	SELL	-12.4%	✔	153
10.10	2756	BUY	+1.4%	✔	151
08.10	2725	SHORT	+1.1%	❌	153
01.10	2762	BUY	-1.3%	❌	155
17.09	2781	SELL	-0.7%	✔	156
11.09	2809	BUY	-1.0%	❌	157
08.09	2775	SHORT	+1.2%	❌	160
13.08	2682	BUY	+3.5%	✔	155
07.08	2679	SELL	+0.1%	❌	155
19.06	2536	BUY	+5.7%	✔	147
16.06	2521	SHORT	+0.6%	❌	148
12.06	2545	BUY	-1.0%	❌	150
10.06	2561	SELL	-0.6%	✔	150
15.05	2412	BUY	+6.2%	✔	142
09.05	2469	SELL	-2.3%	✔	142
28.04	2404	BUY	+2.7%	✔	139
23.04	2399	SELL	+0.2%	❌	139
11.04	2288	BUY	+4.9%	✔	133
04.04	2389	SHORT	-4.2%	✔	128
28.03	2404	BUY	-0.6%	❌	129
25.03	2378	SELL	+1.1%	❌	129
14.03	2377	BUY	0.0%	✔	129
12.03	2342	SELL	+1.5%	❌	129
10.03	2346	BUY	-0.2%	❌	130
05.03	2314	SELL	+1.4%	❌	130
12.02	2246	BUY	+3.0%	✔	126
10.02	2243	SELL	+0.1%	❌	126
06.02	2241	BUY	+0.1%	✔	127
03.02	2223	SELL	+0.8%	❌	127
27.01	2174	BUY	+2.3%	✔	124
22.01	2147	SELL	+1.3%	❌	124
15.01	2078	BUY	+3.3%	✔	120
07.01	2077	SELL	0.0%	❌	121
02.01	2071	BUY	+0.3%	✔	120
11.12	2044	SHORT	+1.3%	❌	122
06.12	2065	BUY	-1.0%	❌	124
29.11	2092	SHORT	-1.3%	✔	123
12.11	2125	BUY	-1.6%	❌	125