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Updated 7/9/2010  
 
P78.SI
PINE AGRITECH ORD (Singapore)
Weekly Commentary

Our system posted SELL-IF . The previous BUY recommendation that was confirmed was made on 04.06.2010 (95) days ago, when the stock price was 0.1500 . Since then P78.SI has gained 30.00% .

The SELL-IF alert is still valid. A bearish confirmation however is denied. The pattern is not yet rejected since the past week was not a long white candlestick week. The market is indecisive, so keep up the good work and continue to do your homework digesting all available information around.

The final judgment about the evolving pattern waits for the second week of confirmation. This time, either the bearish alert will be confirmed by one of the valid confirmation criteria or it will be void and invalid.

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

The bearish alert is still valid so existing short positions should be carried. New short positions may be considered only in case of valid bearish confirmation.

 
SELL-IF
0.1950
0.0000 0.00%
Candlestick Analysis
Intraweek Candlestick:
Inverted Umbrella

Candlestick Pattern


Intraweek Confirmation Status : Currently rejected.

An intraweek Inverted Umbrella was formed. The long upper shadow shows the evidence for selling pressure, but the position of high price indicates that plenty of buyers still are around.
For more about this candlestick click here.


 
 
Stock Quote
Intraweek Close 0.1950
Previous Weekly Close 0.1950
Previous Weekly Open 0.1950
Change 0.0000
% Change 0.00%
Volume 867,990
 
Stock Activity
Week's Open 0.1950
Intraweek High 0.2150
Intraweek Low 0.1950
20-Week Close M.A. 0.1628
50-Week Close M.A. 0.1579
20-Week Volume M.A. 152,073
 

Two-Year Signal History
Week of          Price   Signal SGD 100
Became
04.06.10 0.1500    Buy 962
30.04.10 0.1400    Sell 962
26.03.10 0.1000    Buy 687
22.01.10 0.1700    Sell 687
31.12.09 0.1600    Buy 647
06.11.09 0.1750    Sell 647
09.10.09 0.1750    Buy 647
14.08.09 0.2450    Sell 647
20.03.09 0.0700    Buy 185
20.02.09 0.0950    Sell 185
06.02.09 0.0900    Buy 175
02.01.09 0.1400    Sell 175
31.10.08 0.0800    Buy 100
 
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