Our system posted a BUY CONFIRMED today. The previous SELL recommendation was made on 18.12.2006 (9) days ago, when the stock price was 17.0000. Since then PCI has fallen -7.35% .
BUY-IF is confirmed by a white candlestick with an equal open and a higher close. The buying price is taken as the previous close ( 15.250 ) according to the Rules of Confirmation.
Patience pays off. The market wavered a bit but finally confirmed the recent bullish formation. The dose of the previous day was not enough for a BUY-IF confirmation but today it is. Though the market opened lower today, the day’s activity created a white candlestick that closed above the previous close. This is a valid confirmation criterion. The market is now ready for a bullish move."
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