Last Update
5/24/2013
CEO
CNOOC ADR REP 100
SELL
Last Pattern: BEARISH ONE BLACK CROW
Last Close:
179.0200
Change:
-3.6900
Percent change
-2.02%
6 mo. Rating
$100⇨ 85.12
12 mo. Rating
$100⇨ 101.91
24 mo. Rating 1
$100⇨ 166.23
Signal Update
Our system’s recommendation today is to SELL. The BEARISH ONE BLACK CROW pattern finally received a confirmation because the prices crossed the confirmation level which was at 184.5200, and our valid average selling price stands now at 179.5460. The previous BUY recommendation was issued on 5/21/2013, 3 days ago, when the stock price was 186.8400. Since then CEO has fallen by -3.90%.
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.


Intraday Module is ON. To follow the confirmation status, click here.
Candlestick Pattern Chart
The chart showing Series 1 series.
Pattern Description
This pattern appears in an uptrend and consists of a white candlestick and a black candlestick in which the black candlestick opens below the preceding day’s close and closes below its open. The pattern looks similar to the Bearish Harami pattern. The only difference is that the second day closes lower, which stops the engulfing of the black body by the preceding white body. more...
Signal History
6 mo.
12 mo.
24 mo.
Date
Price
Signal
$100⇨
5/24/2013179.5460SELL 166.23
5/21/2013186.8400BUY 173.33
5/16/2013183.3160SELL 173.68
5/7/2013188.8100BUY 179.24
5/1/2013183.8000SELL 179.60
4/19/2013176.4000BUY 172.71
4/15/2013177.5300SHORT 172.31
3/26/2013193.7200BUY 188.78
3/21/2013185.0699SHORT 198.83
3/14/2013187.7400BUY 202.51
2/21/2013198.8300SHORT 192.58
2/13/2013200.8100BUY 195.28
1/8/2013217.3900SELL 195.67
12/28/2012216.1200BUY 194.92
12/17/2012213.9400SELL 195.31
11/19/2012208.5300BUY 190.75
11/8/2012206.8500SELL 191.13
10/11/2012204.0400BUY 188.91
10/3/2012202.5200SELL 189.29
9/7/2012186.2160BUY 174.40
8/27/2012189.9500SHORT 171.72
8/20/2012200.9301BUY 182.37
8/13/2012203.3900SELL 182.74
8/7/2012205.2120BUY 184.75
8/1/2012198.7000SELL 185.12
7/27/2012196.7620BUY 183.68
7/23/2012197.4500SELL 184.05
7/17/2012199.9600BUY 186.76
7/6/2012198.3200SELL 187.13
6/26/2012184.1000BUY 174.06
6/21/2012195.1800SELL 174.41
6/6/2012177.0300BUY 158.51
5/31/2012179.3500SHORT 157.11
5/29/2012185.1400BUY 162.83
5/4/2012212.0800SELL 163.16
4/26/2012208.2700BUY 160.55
4/24/2012204.4550SELL 160.87
4/12/2012198.2100BUY 156.27
3/28/2012211.6000SHORT 147.56
3/26/2012214.4600BUY 150.15
3/15/2012217.7900SHORT 148.48
3/13/2012221.0800BUY 151.33
3/2/2012224.7000SELL 151.63
2/28/2012228.4700BUY 154.48
2/21/2012223.0760SELL 154.79
2/16/2012229.9892BUY 159.91
2/10/2012221.4100SELL 160.23
1/3/2012181.2100BUY 131.40
12/13/2011186.4500SHORT 128.32
11/28/2011180.2280BUY 124.54
11/17/2011190.5500SELL 124.79
10/24/2011176.0600BUY 115.53
10/17/2011174.6800SELL 115.76
9/26/2011153.4700BUY 101.91
9/2/2011193.1300SELL 102.11
8/29/2011192.4500BUY 101.95
8/18/2011185.1900SHORT 106.54
8/9/2011184.4100BUY 106.52
7/27/2011220.7700SHORT 91.82
7/15/2011230.5400BUY 96.27
7/6/2011235.4500SELL 96.46
6/28/2011228.7700BUY 93.91
6/17/2011232.2300SELL 94.10
6/14/2011238.4300BUY 96.81
6/10/2011237.1000SELL 97.00
6/2/2011243.4600BUY 99.80
† Trade commissions taken as 0.20%.
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