BUY CONFIRMED
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| SELECTCORE LTD |
DailyCommentary
Our system posted aBUY CONFIRMEDtoday.The previousSELLrecommendation was issued on06.20.2011 (31) days ago, whenthe stock price was 0.6500. Since then SCGhas fallen -61.54%.
BUY-IF is confirmed bya white candlestick which has an openequal to the previous close but closing higher. The buying price is theprevious close (0.2450) according to the Rulesof Confirmation.
The recent bullish formation leading to the BUY-IF signal is confirmedtoday. The market is ready for a new bullish move. Though the marketopened lower today, the day’s activity created a white candlestick thatclosed above the previous close. This is a valid confirmation criterion.
We hope that you acted quickly and already bought this stock . Yourimportant benchmark was the previous close. You were supposed to watchthe session carefully, feel its bullish tendency despite the loweropening, and go long after making sure that the prices stay over theprevious close.
If you bought, continue to hold this stock until the confirmation ofthe next SELL-IF signal. You are on safe grounds as long as the futureprices continue to trade above the benchmark price. What to do if youdid not buy? Maybe, you did not have time to follow the session or yousimply delegated the delicate job of confirmation to us. Well, it is abit late, but not too late. You may still find suitable prices forbuying in the following sessions.
The market is currently cold for short-sellers. Avoid any short salesand cover the short positions immediately if there are any.
Data provided by: Endof Day Data