Aussiebulls daily commentary on OBJ.
"Our system posted a HOLD today. The previous BUY recommendation was issued on 03.11.2011 (19) days ago, when the price was 0.0220. Since then OBJ.AX has fallen -9.09% .
The previous SELL-IF signal is now null and void. We allowed two days for the confirmation of the bearish pattern and the market denied confirmation. None of the three bearish confirmation conditions were realized. The market?s eyes are shut currently.
However, a warning is also in order. The previous BUY signal failed. Downward momentum now reached to intolerable levels. You can either wait for a new bullish alert or sell the immediately. The decision is up to you. We owe you an apology.
You can play the short side assuming all the risk if you want to. Our stance, however, is currently neutral in this matter."
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