EEG 0.00% 24.0¢ empire energy group limited

stage is set for the biggest run of 2012, page-315

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    The last Buy-If signal was not confirmed, maybe this time...

    EMPIRE ENERGY GROUP ORD
    ASX
    Daily Commentary

    Our system posted a BUY-IF today. The previous SELL recommendation was issued on 04.20.2012 (27) days ago, when the price was 0.2950. Since then EEG.AX has fallen -40.68% .
    A bullish pattern has developed and a BUY-IF alert is issued today. The task is now to confirm the validity of this bullish pattern.

    The last two candlesticks formed a Bullish Engulfing Pattern . This is a bullish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation.

    www.aussiebulls.com

 
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