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ASX
Index
fx
SOM.AX
ASX
SomnoMed
SHORT
Close
0.6400
Prev.Close
0.6500
Change
-0.0100
Change%
-1.54%
BEARISH DESCENDING HAWK
Sold at
0.6450
Open
0.6550
High
0.6650
Low
0.6300
Close
0.6400
Gain%
-0.78%
Signal History
6 mo.
6 mo.
24 mo.
24 mo.
Date
Price
Signal
Change%
AUD100⇨
01/07
0.6450
SHORT
-0.8%
119
12/06
0.6300
BUY
+2.4%
✔
117
10/06
0.6025
SELL
+4.6%
❌
117
23/05
0.5750
BUY
+4.8%
✔
112
20/05
0.5400
SELL
+6.5%
❌
112
30/04
0.4500
BUY
+20.0%
✔ 👍
94
24/04
0.4310
SHORT
+4.4%
❌
98
17/04
0.4800
BUY
-10.2%
❌
110
31/03
0.5675
SELL
-15.4%
✔
110
26/03
0.5540
BUY
+2.4%
✔
108
20/03
0.5300
SHORT
+4.5%
❌
113
13/03
0.5750
BUY
-7.8%
❌
124
03/03
0.5600
SHORT
+2.7%
❌
128
21/02
0.5950
BUY
-5.9%
❌
136
04/02
0.6350
SELL
-6.3%
✔
136
09/01
0.4640
BUY
+36.9%
✔ 👍
100
† Trade commissions are taken as 0.20%.
Date
Price
Signal
Change%
AUD100⇨
01/07
0.6450
SHORT
-0.8%
114
12/06
0.6300
BUY
+2.4%
✔
112
10/06
0.6025
SELL
+4.6%
❌
112
23/05
0.5750
BUY
+4.8%
✔
107
20/05
0.5400
SELL
+6.5%
❌
108
30/04
0.4500
BUY
+20.0%
✔ 👍
90
24/04
0.4310
SHORT
+4.4%
❌
94
17/04
0.4800
BUY
-10.2%
❌
106
31/03
0.5675
SELL
-15.4%
✔
106
26/03
0.5540
BUY
+2.4%
✔
103
20/03
0.5300
SHORT
+4.5%
❌
109
13/03
0.5750
BUY
-7.8%
❌
118
03/03
0.5600
SHORT
+2.7%
❌
122
21/02
0.5950
BUY
-5.9%
❌
130
04/02
0.6350
SELL
-6.3%
✔
131
09/01
0.4640
BUY
+36.9%
✔ 👍
96
16/12
0.4750
SELL
-2.3%
✔
96
12/12
0.5000
BUY
-5.0%
❌
101
23/09
0.4125
QUIT
+21.2%
101
09/08
0.3600
QUIT
+14.6%
101
05/08
0.3670
SELL
-1.9%
✔
101
30/07
0.3980
BUY
-7.8%
❌
110
22/07
0.3370
SELL
+18.1%
❌
110
15/07
0.3370
BUY
0.0%
❌
110
10/07
0.3200
SELL
+5.3%
❌
111
01/07
0.2700
BUY
+18.5%
✔ 👍
94
17/06
0.2430
SELL
+11.1%
❌
94
12/06
0.2470
BUY
-1.6%
❌
96
30/05
0.2720
SELL
-9.2%
✔
96
24/05
0.2830
BUY
-3.9%
❌
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 DESCENDING HAWK
pattern has finally received confirmation because the prices crossed below the confirmation level at 0.6500, and our valid average selling price now stands at 0.6450. The previous
BUY
signal was issued on 12/06/2025, 19 days ago, when the stock price was 0.6300. Since then,
SOM.AX
has risen by
+2.38%
.
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 features a small white candlestick enclosed within a preceding, relatively longer white candlestick. It resembles the Harami pattern, but with both candlesticks being white.
more...
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