TSXV:BWD - Post Discussion
Post by
Prof_JD on Mar 13, 2012 1:33am
AmericanBulls says SELL Confirmed
... for BWD paper
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| BOWOOD ENERGY INC |
Daily Commentary
Our system posted a SELL CONFIRMED today. The previous BUY recommendation was issued on 03.08.2012 (4) days ago, when the stock price was 0.1500. Since then BWD has fallen -6.67% .
SELL-IF is confirmed by a black candlestick with a lower open. The selling price is today's open ( 0.1450 ) according to the Rules of Confirmation.
The recent bearish pattern leading to the SELL-IF signal is confirmed today. The market is poised for a bearish move. It opened today with a gap-down and the day’s activity resulted in a close lower than the open. This is one of our valid bearish confirmation criteria.
The significant failure of the previous BUY signal is unfortunately confirmed too. Our shot went away this time. It is a fact that such signal failures are more unlikely for higher rated stocks, but it is not possible to deal with all the vagaries of the stock market. The signal system, however, continues to do an excellent job in the overall, despite such failures. This can be seen easily with a quick glance to the signal history table.
Selling was the right move today in order to prevent further losses, but we are sure that you may easily cover your losses (if any) by basing your future trades on our signal system. Today you were still supposed to watch the downward gap in the opening, wait a bit, feel the bearish tendency of the market making sure that prices stay below the opening price and then sell your shares. Your benchmark was the opening price of the downward gap. A weakness in prices is implied as long as the prices stay below the benchmark.
If you sold, keep away from this stock until the confirmation of a new BUY-IF signal unless there is not an emergency warning. What to do if you did not already sell? Maybe you did not have time to follow the session or you simply delegated the delicate job of confirmation to us. Well, it is a bit late, but not too late. You may still find suitable prices for selling your shares in the following sessions.
The market is an inviting one for short-sellers. Risk lovers may now go for short sale. The market is already moving on the side of shorts ignoring the confirmed bullish patterns.
Data provided by: End of Day Data
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| Candlestick Analysis |
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Today’s Candlestick Patterns:
Black Spinning Top
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Today a Black Spinning Top was formed. This represents complete indecision between the bulls and the bears.
For more about this candlestick click here.
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