by Americanbulls.com LLC
Last Update
Last Signal: SELL
Last Close:
Percent change
Signal Update
Our system’s recommendation today is to SELL. The BEARISH MEETING LINE pattern finally received a confirmation because the prices crossed below the confirmation level which was at 15.8000, and our valid average selling price stands now at 15.7000. The previous BUY signal was issued on 2020-02-12, 5 days ago, when the stock price was 15.5600. Since then 3038.TW has risen by +0.90%.
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. 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
2020-02-1715.7000SELL 91.56
2020-02-1215.5600BUY 91.20
2020-01-3015.6000SELL 91.66
2020-01-1417.1000BUY 100.98
2020-01-0717.2800SELL 101.49
2019-12-2717.7700BUY 104.89
2019-11-2618.5800SELL 105.42
2019-11-1317.9200BUY 102.19
2019-11-0718.1800SELL 102.70
2019-11-0417.8700BUY 101.46
2019-10-2917.9800SELL 101.97
2019-10-1617.9950BUY 102.57
2019-10-1417.6300SELL 103.09
2019-10-0218.0000BUY 105.78
2019-09-1120.6700SELL 106.31
2019-09-0319.2500BUY 99.50
† Trade commissions are taken as 0.50%.
2020-02-1715.7000SELL 130.44
2020-02-1215.5600BUY 129.93
2020-01-3015.6000SELL 130.58
2020-01-1417.1000BUY 143.86
2020-01-0717.2800SELL 144.58
2019-12-2717.7700BUY 149.43
2019-11-2618.5800SELL 150.18
2019-11-1317.9200BUY 145.57
2019-11-0718.1800SELL 146.30
2019-11-0417.8700BUY 144.53
2019-10-2917.9800SELL 145.26
2019-10-1617.9950BUY 146.11
2019-10-1417.6300SELL 146.84
2019-10-0218.0000BUY 150.67
2019-09-1120.6700SELL 151.43
2019-09-0319.2500BUY 141.74
2019-08-2618.2000SELL 142.45
2019-08-0717.8500BUY 140.41
2019-07-3117.9300SELL 141.12
2019-07-2418.2200BUY 144.12
2019-07-1718.4000SELL 144.84
2019-06-1414.7600BUY 116.77
2019-06-0515.3400SELL 117.36
2019-05-2814.7100BUY 113.11
2019-05-0714.9500SELL 113.68
2019-05-0215.0600BUY 115.09
2019-04-2415.5000SELL 115.67
2019-04-1915.2100BUY 114.08
2019-04-0915.5400SELL 114.65
2019-04-0215.2100BUY 112.78
2019-03-2715.0900SELL 113.35
2019-03-2213.2500BUY 100.03
2019-03-1413.2000SELL 100.53
2019-03-0413.0000BUY 99.50
† Trade commissions are taken as 0.50%.
2020-02-1715.7000SELL 147.36
2020-02-1215.5600BUY 146.78
2020-01-3015.6000SELL 147.52
2020-01-1417.1000BUY 162.52
2020-01-0717.2800SELL 163.34
2019-12-2717.7700BUY 168.82
2019-11-2618.5800SELL 169.67
2019-11-1317.9200BUY 164.47
2019-11-0718.1800SELL 165.30
2019-11-0417.8700BUY 163.30
2019-10-2917.9800SELL 164.12
2019-10-1617.9950BUY 165.08
2019-10-1417.6300SELL 165.91
2019-10-0218.0000BUY 170.24
2019-09-1120.6700SELL 171.10
2019-09-0319.2500BUY 160.15
2019-08-2618.2000SELL 160.95
2019-08-0717.8500BUY 158.65
2019-07-3117.9300SELL 159.45
2019-07-2418.2200BUY 162.84
2019-07-1718.4000SELL 163.66
2019-06-1414.7600BUY 131.94
2019-06-0515.3400SELL 132.60
2019-05-2814.7100BUY 127.79
2019-05-0714.9500SELL 128.43
2019-05-0215.0600BUY 130.03
2019-04-2415.5000SELL 130.68
2019-04-1915.2100BUY 128.88
2019-04-0915.5400SELL 129.53
2019-04-0215.2100BUY 127.42
2019-03-2715.0900SELL 128.06
2019-03-2213.2500BUY 113.01
2019-03-1413.2000SELL 113.58
2019-03-0413.0000BUY 112.42
2019-02-2212.1500SELL 112.98
2019-02-1311.0500BUY 103.27
2019-01-2210.1000SELL 103.79
2018-12-139.3700BUY 96.77
2018-12-059.5900SELL 97.26
2018-11-269.3200BUY 95.00
2018-11-209.2000SELL 95.48
2018-10-198.7800BUY 91.58
2018-10-019.4200SELL 92.04
2018-09-259.4300BUY 92.60
2018-09-109.9600SELL 93.07
2018-08-279.9500BUY 93.44
2018-08-159.7800SELL 93.91
2018-08-099.5700BUY 92.36
2018-07-319.2900SELL 92.82
2018-07-259.2300BUY 92.68
2018-07-049.1400SELL 93.15
2018-06-229.2600BUY 94.85
2018-06-119.4000SELL 95.33
2018-05-219.1700BUY 93.46
2018-05-149.1900SELL 93.93
2018-05-109.2400BUY 94.92
2018-05-079.2100SELL 95.40
2018-04-309.4200BUY 98.07
2018-04-209.8500SELL 98.56
2018-03-079.9300BUY 99.86
2018-03-029.6200SELL 100.36
2018-02-239.4900BUY 99.50
† Trade commissions are taken as 0.50%.


Americanbulls.com LLC is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, Americanbulls.com LLC relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws. As such, Americanbulls.com LLC does not offer or provide personalized investment advice. This site and all others owned and operated by Americanbulls.com LLC are bona fide publications of general and regular circulation offering impersonal investment-related advice to member and /or prospective members.

Taiwanesebulls.com is an independent website. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

Therefore, Taiwanesebulls.com and Americanbulls.com LLC is exempt from the definition of “investment adviser” as provided under Section 202(a) (11) of the Investment Advisers Act of 1940 and corresponding state securities laws, and hence registration as such is not required. We are not a registered broker-dealer. Material provided by Americanbulls.com LLC is for informational purposes only, and that no mention of a particular security in any of our materials constitutes a recommendation to buy, sell, or hold that or any other security, or that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. To the extent that any of the information obtained from Americanbulls.com LLC may be deemed to be investment opinion, such information is impersonal and not tailored to the investment needs of any specific person. Americanbulls.com LLC does not promise, guarantee or imply verbally or in writing that any information provided through our websites, commentaries, or reports, in any printed material, or displayed on any of our websites, will result in a profit or loss.

Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital. Neither Americanbulls.com LLC, nor Taiwanesebulls.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.

Displayed information is based on widely-accepted methods of technical analysis based on candlestick patterns. All information is from sources deemed to be reliable, but there is no guarantee to the accuracy. Long-term investment success relies on recognizing probabilities in price action for possible future outcomes, rather than absolute certainty – risk management is critical for success. Error and uncertainty are part of any form of market analysis. Past performance is no guarantee of future performance. Investment/ trading carries significant risk of loss and you should consult your financial professional before investing or trading. Your financial adviser can give you specific financial advice that is appropriate to your needs, risk-tolerance, and financial position. Any trades or hedges you make are taken at your own risk for your own account.

You agree that Taiwanesebulls.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.