TSXV:AUN.H - Post by User
Post by
gehuffon May 23, 2007 11:17pm
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Post# 12829481
BUY confirmed
BUY confirmedAmerican Bulls today
AUN
AURCANA CP
Daily Commentary
Our system posted a BUY CONFIRMED today. The previous SELL recommendation was issued on 04.18.2007 (35) days ago, when the stock price was 1.8100. Since then AUN has fallen -19.34% .
BUY-IF is confirmed by a white candlestick with a lower open and a higher close. The buying price is the previous close ( 1.4200 ) according to the Rules of Confirmation.
Patience pays off. The market wavered a bit but finally confirmed the recent bullish formation. The dose of the previous day was not enough for a BUY-IF confirmation but today it is. Though the market opened lower today, the day’s activity created a white candlestick that closed above the previous close. This is a valid confirmation criterion. The market is now ready for a bullish move.