SLC.AX (ASX)

SLC.AX ASX

Superloop

SHORT

3.2000

Prev.Close

3.2100

Change

-0.0100

Change%

-0.31%

BEARISH MEETING LINE

Sold at

3.2000

Open

3.2400

High

3.2400

Low

3.1800

3.2000

0.00%

Signal History

Date	Price	Signal	Change%		AUD100⇨
22/09	3.2000	SHORT	0.0%		139
05/09	2.8750	BUY	+11.3%	✔ 👍	126
07/08	3.3000	SELL	-12.9%	✔	126
27/06	2.9800	BUY	+10.7%	✔ 👍	114
23/06	2.9550	SELL	+0.8%	❌	114
12/06	2.8600	BUY	+3.3%	✔	111
06/06	2.8150	SELL	+1.6%	❌	111
29/05	2.6400	BUY	+6.6%	✔	104
27/05	2.5900	SELL	+1.9%	❌	104
22/05	2.5700	BUY	+0.8%	✔	104
16/05	2.4800	SELL	+3.6%	❌	104
15/05	2.5500	BUY	-2.7%	❌	107
05/05	2.4800	SELL	+2.8%	❌	107
14/04	2.1700	BUY	+14.3%	✔ 👍	94
09/04	2.0600	SHORT	+5.3%	❌	100

† Trade commissions are taken as 0.20%.

Pattern & Confirmation Chart for the Last 6 Months

Signal Update

Today's recommendation from our system is to SHORT. The BEARISH MEETING LINE pattern has finally received confirmation because the prices crossed below the confirmation level at 3.2100, and our valid average selling price now stands at 3.2000. The previous BUY signal was issued on 05/09/2025, 17 days ago, when the stock price was 2.8750. Since then, SLC.AX has risen by +11.30%.

Market Outlook

We may be at a market top or at the beginning of a correction. The bears have compelling evidence on their side, 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 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, whereas the second day of the Bearish Meeting Line closes at the same level 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...