Signal Update
Our system’s recommendation today is toSELL. The BEARISH STOP LOSS pattern finally received a confirmation because the prices crossed the Stop Loss level which was at 4.0600, and our valid average selling price stands now at 3.9400. The previous BUYrecommendation was issued on 4/24/2014, 18 days ago, when the stock price was 4.2300. Since then SPE.V has fallen by -6.86%.
Market Outlook
The market changed its face while our beloved candlesticks were asleep. Though the system has not yet detected a bearish pattern, the evidence is strong enough to prompt the closing of long positions. The bearish stop loss is 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.