Title
by Americanbulls.com LLC
Last Update
28.11.2022
OTELG
OBX TELECOMMUNICATIONS GR
Last Signal: SELL
Last Pattern: BEARISH MEETING LINE
Last Close:
1,366.2000
Change:
-25.1100
Percent change
-1.80%
Signal Update
Our system’s recommendation today is to SELL. The BEARISH MEETING LINE pattern finally received a confirmation because the values crossed below the confirmation level which was at 1,391.3100, and our valid average selling value stands now at 1,383.0900. The previous BUY signal was issued on 22.11.2022, 6 days ago, when the index value was 1,372.6800. Since then OTELG has risen by +0.76%.
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 pattern occurs during an uptrend. The first day’s white candlestick is followed by a black candlestick that opens sharply higher and closes at the same level as the prior session’s close. It is similar to the Dark Cloud Cover pattern. However, the amount the second day drops is different. The Dark Cloud Cover’s second day closes below the midpoint of the first day’s body, while the second day the Bearish Meeting Line closes the same as the first day. Consequently, the Dark Cloud Cover is a more significant top reversal. Nonetheless, the Bearish Meeting Line should also be respected. more...
Signal History
Date 
Price 
Signal 
 
NOK100⇨ 
28.11.20221,383.0900SELL 116.58
22.11.20221,372.6800BUY 115.88
16.11.20221,348.4900SELL 116.05
08.11.20221,304.6700BUY 112.45
02.11.20221,309.0100SELL 112.62
28.10.20221,252.9250BUY 107.96
21.10.20221,294.5800SHORT 104.91
18.10.20221,320.6000BUY 107.34
12.10.20221,342.1550SHORT 105.96
10.10.20221,348.2600BUY 106.76
29.09.20221,378.2100SHORT 104.80
27.09.20221,380.4000BUY 105.28
23.09.20221,378.7300SHORT 105.72
21.09.20221,363.2800BUY 104.85
14.09.20221,395.3400SHORT 102.80
12.09.20221,407.6000BUY 104.01
23.08.20221,494.0600SHORT 98.62
17.08.20221,512.8900BUY 100.16
10.08.20221,518.4800SHORT 100.09
05.08.20221,528.1300BUY 101.03
02.08.20221,537.2900SHORT 100.73
29.07.20221,546.6000BUY 101.64
06.07.20221,752.7600SELL 101.79
04.07.20221,773.6200BUY 103.16
30.06.20221,754.5900SELL 103.31
09.06.20221,693.3200BUY 99.85
† Trade commissions are taken as 0.15%.
Date 
Price 
Signal 
 
NOK100⇨ 
28.11.20221,383.0900SELL 111.61
22.11.20221,372.6800BUY 110.94
16.11.20221,348.4900SELL 111.11
08.11.20221,304.6700BUY 107.66
02.11.20221,309.0100SELL 107.82
28.10.20221,252.9250BUY 103.36
21.10.20221,294.5800SHORT 100.44
18.10.20221,320.6000BUY 102.77
12.10.20221,342.1550SHORT 101.45
10.10.20221,348.2600BUY 102.22
29.09.20221,378.2100SHORT 100.35
27.09.20221,380.4000BUY 100.81
23.09.20221,378.7300SHORT 101.24
21.09.20221,363.2800BUY 100.41
14.09.20221,395.3400SHORT 98.45
12.09.20221,407.6000BUY 99.61
23.08.20221,494.0600SHORT 94.44
17.08.20221,512.8900BUY 95.92
10.08.20221,518.4800SHORT 95.86
05.08.20221,528.1300BUY 96.76
02.08.20221,537.2900SHORT 96.48
29.07.20221,546.6000BUY 97.36
06.07.20221,752.7600SELL 97.51
04.07.20221,773.6200BUY 98.82
30.06.20221,754.5900SELL 98.97
09.06.20221,693.3200BUY 95.66
30.05.20221,705.1700SELL 95.80
12.05.20221,640.4250BUY 92.30
06.05.20221,657.8000SELL 92.44
27.04.20221,684.4700BUY 94.07
22.04.20221,657.8800SELL 94.21
28.03.20221,635.6750BUY 93.09
18.03.20221,651.1200SELL 93.23
09.03.20221,635.8400BUY 92.51
03.03.20221,663.9300SHORT 91.25
23.02.20221,708.6100BUY 93.98
14.02.20221,762.6950SHORT 91.46
09.02.20221,774.2900BUY 92.34
02.02.20221,790.4100SELL 92.48
26.01.20221,859.5200BUY 96.19
24.01.20221,815.7100SHORT 98.86
13.01.20221,796.6600BUY 98.12
07.01.20221,776.9500SELL 98.27
20.12.20211,737.7800BUY 96.25
15.12.20211,706.5700SHORT 98.34
06.12.20211,727.6400BUY 99.85
† Trade commissions are taken as 0.15%.
Date 
Price 
Signal 
 
NOK100⇨ 
28.11.20221,383.0900SELL 115.16
22.11.20221,372.6800BUY 114.46
16.11.20221,348.4900SELL 114.63
08.11.20221,304.6700BUY 111.07
02.11.20221,309.0100SELL 111.24
28.10.20221,252.9250BUY 106.63
21.10.20221,294.5800SHORT 103.62
18.10.20221,320.6000BUY 106.02
12.10.20221,342.1550SHORT 104.66
10.10.20221,348.2600BUY 105.45
29.09.20221,378.2100SHORT 103.52
27.09.20221,380.4000BUY 104.00
23.09.20221,378.7300SHORT 104.44
21.09.20221,363.2800BUY 103.58
14.09.20221,395.3400SHORT 101.56
12.09.20221,407.6000BUY 102.76
23.08.20221,494.0600SHORT 97.43
17.08.20221,512.8900BUY 98.95
10.08.20221,518.4800SHORT 98.88
05.08.20221,528.1300BUY 99.81
02.08.20221,537.2900SHORT 99.52
29.07.20221,546.6000BUY 100.42
06.07.20221,752.7600SELL 100.57
04.07.20221,773.6200BUY 101.92
30.06.20221,754.5900SELL 102.07
09.06.20221,693.3200BUY 98.65
30.05.20221,705.1700SELL 98.80
12.05.20221,640.4250BUY 95.19
06.05.20221,657.8000SELL 95.33
27.04.20221,684.4700BUY 97.01
22.04.20221,657.8800SELL 97.16
28.03.20221,635.6750BUY 96.00
18.03.20221,651.1200SELL 96.14
09.03.20221,635.8400BUY 95.39
03.03.20221,663.9300SHORT 94.09
23.02.20221,708.6100BUY 96.91
14.02.20221,762.6950SHORT 94.31
09.02.20221,774.2900BUY 95.22
02.02.20221,790.4100SELL 95.36
26.01.20221,859.5200BUY 99.19
24.01.20221,815.7100SHORT 101.95
13.01.20221,796.6600BUY 101.18
07.01.20221,776.9500SELL 101.33
20.12.20211,737.7800BUY 99.25
15.12.20211,706.5700SHORT 101.40
06.12.20211,727.6400BUY 102.96
24.11.20211,790.4100SELL 103.11
22.11.20211,800.5500BUY 103.85
15.11.20211,743.6100SHORT 107.68
04.11.20211,707.8800BUY 105.79
28.09.20211,815.7400SHORT 100.16
23.09.20211,814.2700BUY 100.38
24.08.20211,949.1600SELL 100.53
04.08.20211,919.5400BUY 99.15
30.07.20211,898.9100SELL 99.30
16.07.20211,863.6700BUY 97.60
14.07.20211,853.2250SELL 97.75
09.07.20211,846.1100BUY 97.52
06.07.20211,822.6300SELL 97.67
30.06.20211,797.0400BUY 96.44
24.06.20211,795.1100SELL 96.58
16.06.20211,812.0200BUY 97.64
26.05.20211,812.8100SELL 97.79
12.05.20211,775.8400BUY 95.94
06.05.20211,776.9200SHORT 96.17
03.05.20211,806.5400BUY 98.07
26.04.20211,833.0900SELL 98.22
23.03.20211,816.3300BUY 97.47
19.03.20211,818.8400SELL 97.62
16.03.20211,840.4200BUY 98.93
12.03.20211,837.5400SELL 99.08
09.03.20211,779.1400BUY 96.08
05.03.20211,738.2800SHORT 98.69
02.03.20211,753.3900BUY 99.85
† Trade commissions are taken as 0.15%.

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