buy confirmed

ALCYONE RESOURCES ORD
ASX
Daily Commentary


Our system posted a BUY CONFIRMED today. The previous SELL recommendation was issued on 04.15.2011 (21) days ago, when the price was 0.1400. Since then AYN.AX has fallen -7.14% .

BUY-IF is confirmed by a white candlestick with a higher open. The buying price is today's open ( 0.1150 ) according to the Rules of Confirmation.

The recent bullish formation leading to the BUY-IF signal is confirmed today. The market is ready for a new bullish move. It opened today with a gap-up and the day's activity resulted in a close higher than the open. This is one of our valid confirmation criteria.

We hope that you bought this . You should watch the upward gap in the opening, wait a bit, feel the bullish tendency of the market making sure that prices stay over the opening price and then go long. Your benchmark was the opening price of the upward gap.

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 session 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 immediately if there are any.

BUY
CONFIRMED


0.1300
+0.0250 +23.81%

Candlestick Analysis
Today's Candlestick Patterns:
White Closing Marubozu

Today a White Closing Marubozu was formed. This shows that the day opened and then prices went lower slightly, however it was followed by a rally that drove the prices over the opening price and the rally continued all day ending with a closing price equal to the high of the day.
For more about this candlestick click here.

http://www.aussiebulls.com/StockPage.asp?CompanyTicker=AYN.AX&MarketTicker=Australian&TYP=S

Cheers

Sheeza