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Not Updated since 3/9/2010 5/9/2010  
 
600180.SS
JIUFA EDIBLE ORD A (Shanghai)
Weekly Commentary

Our system posted BUY-IF . The previous SELL recommendation that was confirmed was made on 20.08.2010 (14) days ago, when the stock price was 6.6500 . Since then 600180.SS has fallen -4.66% .

The BUY-IF alert is still valid. A confirmation was denied, but the pattern is not rejected yet since the past week was not a long black candlestick one. The market is currently testing your patience. Continue to do your homework by digesting all available information around.

The final judgment about the evolving pattern waits for the second week. Either the alert will be confirmed by one of the valid confirmation criteria or the bullish alert will be void and null.

We are posting daily the current confirmation status, but It is still your duty to check the confirmation criteria. Reminding briefly; a white candlestick with an upward gap, a white candlestick closing above previous week's close or a long white candlestick with a big downward gap is sufficient to confirm the BUY-IF alert though with a one week delay. Go long in any of these cases by respecting the benchmarks. In any other case, simply ignore the BUY-IF alert. This second week is the last chance we allow for confirmation. A confirmation failure renders the assumed bullish pattern totally invalid and starts the process of searching for a new pattern.

We do not yet suggest any new short positions given the bullish alert. The short sellers should consider covering their positions if the market confirms the BUY-IF signal. Otherwise, existing short positions should be carried.

 
BUY-IF
6.3400
-0.2100 -3.21%
Candlestick Analysis
This Week's Patterns: Black Candlestick
Candlestick Pattern


This week a Black Candlestick was formed. This represents normal selling pressure.
For more about this candlestick click here.


 
 
Stock Quote
Week's Close 6.3400
Previous Weekly Close 6.5500
Previous Weekly Open 6.2900
Change -0.2100
% Change -3.21%
Volume 146,071
 
Stock Activity
Week's Open 6.5500
Week's High 6.7200
Week's Low 6.2400
20-Week Close M.A. 5.7900
50-Week Close M.A. 6.4630
20-Week Volume M.A. 157,264
 

Two-Year Signal History
Week of          Price   Signal CNY 100
Became
20.08.10 6.650    Sell 673
23.07.10 5.250    Buy 532
02.07.10 5.310    Sell 532
11.06.10 5.270    Buy 528
29.01.10 6.870    Sell 528
15.01.10 6.570    Buy 505
27.11.09 8.030    Sell 505
16.10.09 5.850    Buy 368
18.09.09 6.700    Sell 368
28.08.09 6.270    Buy 344
31.07.09 7.590    Sell 344
22.04.09 2.260    Buy 102
31.10.08 2.100    Sell 102
10.10.08 2.050    Buy 100
 
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