bounty oil & gas , page-8

BUY looking substantial at this stage!

Got to love this part of the report. Highest Score rating 5 out of 5


Analysis & Rating (Long-Term & Short-Term) Cont.
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Bounty Oil & Gas ( BUY ) | Page 5
Short-Term Rating (Technical): 5 out of 5
Its price change has been positive in the
short-term over 5 days and medium-term over
3 months despite its fall over the period of 1
year. Its short term rises have been combined
with strong volume resulting in strong
momentum rises over 1 day.
Significantly its price of 2.30c is at a discount of 11% to its
200-day moving average price of 2.59c. Its 52-week range has
been 5.60c to 1.60c; it is trading at a discount of 58.9 % to its
52-week high and a premium of 43.8 % to its 52-week low.
$1,000 invested exactly one year ago is now worth $451 of
which $549 is a capital loss.
Recommended stop loss: 2.128c
Stocks are scored on a set of
technical parameters
reflecting price performance
and trading volumes. They are
ranked according to the
average values of those
parameters. The highest
rating is 5 and the lowest
rating is 1.
Relative Valuation Indicators - RVI™ -
Technical Analysis
BULLISH SIGNALS:- THE PRICE SOARED 35.3% IN
THE LAST WEEK.
This has been propped up by firm volume of 1.2 times
average for the week.
Compared with the All Ordinaries index which rose 1.8%
for the week, this represented a relative price increase of
33.5% for the week.
The price to 50-day EMAP ratio is 1.2, a bullish indicator.
The 50-day EMAP has increased to 1.87c. An increase is
another bullish indicator.
Breakout:
The stock traded at a three-month high of 2.60c today.
The bulls are maintaining control with price open, high,
low and close exceeding yesterday's levels.
BEARISH SIGNALS:
In the Australian market of 1,082 stocks and 62 units
traded today, the stock has a 6-month relative strength of 51
which means it has outperformed 51% of the market.
The price to 200-day MAP ratio is 0.89, a bearish indicator.
In the past 200 days this ratio has been under 0.89 196 times
suggesting further downside. The 50-day MAP of 1.85c is
lower than the 200-day MAP of 2.59c, another bearish
indicator.
The price has risen above the upper Bollinger band of
2.09c; the Relative Strength Index (RSI) of 72.7 has
penetrated the overbought line of 70.