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Search Last Update 20/5/2011 22/5/2011


SRA.AX

STRATHFIELD GROUP ORD
ASX
Weekly Commentary


Our system posted BUY CONFIRMED . The previous SELL recommendation that was confirmed was made on 01.04.2011 (49) days ago, when the stock price was 0.0030 . Since then SRA.AX has fallen -33.33% .

BUY-IF is confirmed by a white candlestick with an equal open and a higher close. The confirmation price is taken as the previous close (0.0010) according to Rules of Confirmation.

The recent bullish formation leading to the BUY-IF signal is confirmed this week. The market is ready for a new bullish move. 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.

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 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.




BUY
CONFIRMED


0.0020
+0.0010 +100.00%

Candlestick Analysis
This Week's Patterns: Short White Candlestick




This week a Short White Candlestick was formed. This represents relatively weak buying pressure with little price movement.
For more about this candlestick click here.



Stock Quote
Week's Close 0.0020
Previous Weekly Close 0.0010
Previous Weekly Open 0.0010
Change +0.0010
% Change +100.00%
Volume 30,306,000
Stock Activity
Week's Open 0.0010
Week's High 0.0020
Week's Low 0.0010
20-Week Close M.A. 0.0030
50-Week Close M.A. 0.0051
20-Week Volume M.A. 6,433,975



5-Month Signal History
Week of Price Signal * AUD 100
Became
20.05.11 0.0010 Buy 75
01.04.11 0.0030 Sell 75
10.12.10 0.0040 Buy 100
* The negative impact of trade commissions and missed benchmark prices is reflected as -0.2% per trade.


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