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Not Updated since 3/9/2010 6/9/2010  
 
5905.TWO
NAN REN LAKE ORD (Taiwan OTC)
Weekly Commentary

Our system posted BUY-IF . The previous SELL recommendation that was confirmed was made on 20.08.2010 (14) days ago, when the stock price was 23.5500 . Since then 5905.TWO has fallen -5.73% .

The BUY-IF alert is still valid. A confirmation was denied, but the pattern is not rejected yet since the past week was not a long black candlestick one. The market is currently testing your patience. Continue to do your homework by digesting all available information around.

The final judgment about the evolving pattern waits for the second week. Either the alert will be confirmed by one of the valid confirmation criteria or the bullish alert will be void and null.

We are posting daily the current confirmation status, but It is still your duty to check the confirmation criteria. Reminding briefly; a white candlestick with an upward gap, a white candlestick closing above previous week's close or a long white candlestick with a big downward gap is sufficient to confirm the BUY-IF alert though with a one week delay. Go long in any of these cases by respecting the benchmarks. In any other case, simply ignore the BUY-IF alert. This second week is the last chance we allow for confirmation. A confirmation failure renders the assumed bullish pattern totally invalid and starts the process of searching for a new pattern.

We do not yet suggest any new short positions given the bullish alert. The short sellers should consider covering their positions if the market confirms the BUY-IF signal. Otherwise, existing short positions should be carried.

 
BUY-IF
22.200
-0.9000 -3.90%
Candlestick Analysis
This Week's Patterns: Black Candlestick
Candlestick Pattern


This week a Black Candlestick was formed. This represents normal selling pressure.
For more about this candlestick click here.


 
 
Stock Quote
Week's Close 22.200
Previous Weekly Close 23.100
Previous Weekly Open 23.100
Change -0.9000
% Change -3.90%
Volume 107
 
Stock Activity
Week's Open 23.200
Week's High 23.300
Week's Low 22.050
20-Week Close M.A. 23.775
50-Week Close M.A. 19.866
20-Week Volume M.A. 171
 

Two-Year Signal History
Week of          Price   Signal TWD 100
Became
20.08.10 23.550    Sell 402
06.08.10 23.600    Buy 403
18.06.10 25.000    Sell 403
10.02.10 19.300    Buy 311
22.01.10 18.100    Sell 311
04.09.09 11.050    Buy 190
14.08.09 11.800    Sell 190
03.07.09 12.100    Buy 195
15.05.09 9.350    Sell 195
20.02.09 5.810    Buy 121
17.01.09 6.200    Sell 121
31.12.08 6.260    Buy 122
28.11.08 6.500    Sell 122
24.10.08 5.310    Buy 100
09.10.08 6.290    Sell 100
26.09.08 6.300    Buy 100
 
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