Our system posted
BUY CONFIRMED
.
The
previous
SELL
recommendation that
was confirmed was made on
13.08.2010
(21)
days
ago, when
the stock price was
22.1700
. Since then
600783.SS
has gained
4.60%
.
BUY-IF
is confirmed by
a white candlestick with a lower open and a
higher close. The confirmation price is taken
as the previous close (22.400) according to Rules
of Confirmation.
Patience pays off. The market wavered a week but finally confirmed the recent bullish formation. The dose of the previous week was not enough for a BUY-IF confirmation but this week it is. Though the market opened lower this week, the price activity created a white candlestick that closed above the previous week's close. This is a valid confirmation criterion. The market is now ready for a bullish move.
The slight failure of the previous SELL signal is currently confirmed, too. We closely monitor the performance of the weekly signals, but a few shots missing the target slightly are inevitable when you deal with the stock market. However, such signal failures are more unlikely for higher rated stocks.
We hope that you acted quickly and already bought this . Your important benchmark was the previous week's close. You were supposed to watch the sessions during the week carefully, closely monitor the current confirmation status posted daily, feel the bullish tendency of the market despite the lower opening, and go long after making sure that the prices stay over the previous week's close.
If you bought, continue to hold this until the confirmation of the next SELL-IF signal. You are on relatively safe grounds as long as the future prices continue to trade above the benchmark price. What to do if you did not buy? Maybe, you did not have time to follow the sessions during the week 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 buying in the following sessions.
The market is currently cold for short-sellers. Avoid any short sales and cover the short positions if there are any. We erred on the short side last time but we hope that this is just an exception.
