While I am a believer in candlestick patterns etc I am slightly bemused by the aussiebulls site about this stock.
http://www.aussiebulls.com/weekly/StockPage.asp?CompanyTicker=STI.AX&MarketTicker=Australian&TYP=S
First thing I noticed was in the box on the top right hand side it has 2 Year Signal History.
Two-Year Signal History
Week of Price Signal *AUD 100 Became
27.08.10 0.0120 Sell 1,984
09.07.10 0.0070 Buy 1,160
22.01.10 0.0150 Sell 1,160
18.12.09 0.0130 Buy 1,007
04.12.09 0.0130 Sell 1,007
16.10.09 0.0090 Buy 699
01.05.09 0.0280 Sell 699
13.01.09 0.0040 Buy 100
* The negative impact of trade commissions and missed benchmark prices is reflected as -0.2% per trade.
The stated last trade was 27.08.2010 but around Dec 25 2010 the price was approx 0.005 rising to .01 around beginning of Jan 2011.
Secondly that on at least 1 sell signal there may well have been a capital gains event close to end of financial year. Not necessarily a bad thing.
Thirdly that there were long times between buy and sell events on the assumptions these were triggered by "candlestick events".
However please note that the events shown are based on a weekly free chart and not the subscriber daily chart.
Cheers
T1
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