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Good plays for monday VNBL AND WBRS AND WWEN, CANNT MISS IMO
VNBL AND WBRS AND WWEN, SHOULD START THE WEEK IMO
VNBL AND WBSR AND WWEN, NICE WEEK AHEAD IMO
nice rread tenac, thanks for sharing
WILL THIS BE THE NEXT NDOL????
DVPC .088 KEEP ON YOUR RADAR SCREENS!!!!!!!!
Dover Petroleum (DP) is a junior oil and gas exploration company that has properties in Egypt and the United States.
Our mission is to identify, acquire and develop high quality oil and gas properties. Our mandate is to focus on properties that have large reserve potential that will maximize shareholder value.
Our Properties
We own the Wyoming Asset through our wholly owned subsidiary
Slaterdome. The Wyoming Asset consists of a 33.334% working and operating rights interest in certain oil and gas leases located in Carbon County, Wyoming
and Moffat County, Colorado.
The working and operating rights interest in the oil and gas leases cover approximately 32,000 gross acres in northwest Colorado and southwest Wyoming (the “Slater Dome Area”). A gas gathering line has been constructed and stretches over 18 miles and will collect gas from wells capable of producing gas in the Slater Dome Field.
Carbon County Colorado & Moffat County Wyoming
Gulf of Suez, Egypt:
DP is the operator with a 50% joint-venture interest in the 100,000-acre East Wadi Araba oil concession.
The property was relinquished by British Gas in 1998, when oil prices were in the $10 per barrel range. In 1991, British Gas drilled 1 target that produced 20,000 barrels per day of production and recovered 50 million barrels of oil from the field. It is still in production with 52 million barrels of recoverable reserves, adjacent to DP`s project to the northeast.
The Seismic data generated by British Gas identifies 12 more targets, with each target having the potential to hold 50-100 million barrels of recoverable oil.
The Gulf of Suez is very developed for oil production, with 33% being the average chance of success for exploration wells. There are 40 producing fields in the Gulf of Suez.
There are producing oil fields to the east and northeast of DP’s property. They include the October field with 1.5 billion barrels of recoverable oil; and several oil fields to the south of the concession (including Asfran, Rahmi and Amir) contain on estimate 700 million barrels of recoverable oil. Major oil companies like BP/Amaco, Shell, Apache, Seagull, Devon Energy and Ocean Energy are represented in the area.
Egypt Gulf of Suez oil fields
Geologic Setting and Evaluation:
The Gulf of Suez Sedimentary Rift Basin is rated as having the most potential of any basin in the world considering the recoverability of hydrocarbons, that is, the amount of oil actually recovered from the probable recoverable hydrocarbons per cubic meter of sediments.
The thickness of the sediments in the main depositional centers might reach 30,000 feet of several excellent and widely distributed source rocks and many potential reservoirs of great petrophysical characteristics at all levels of different geologic times.
The basin contains five super-giant fields that have already produced close to five billion barrels of oil since 1957 and will probably produce an additional two billion barrels.
The geologic sequence can be divided into two distinct stratigraphic and structural units namely: The Pre-rifting (Pre-Miocene) system, and the Rifting (Miocene) system.
A generalized stratigraphic correlation of the Gulf of Suez Rift Basin is attached. The most potential reservoirs in East Wadi Araba block are the Belayim, Kareem, Rudies and Nubia intervals.
The production and potential reserves of a discovery on East Wadi Araba block is very much comparable with the Warda (Zaafarana) Oil Field, which is located on the northern part of our concession.
The Warda field is producing oil from seven separate intervals in the Belayim, Kareem and Rudies formations. The field comprises 9 wells, the production had reached 20,000 barrels per day of 24-29 API oil that is probably generated from different source rocks in the region and accumulated at different times during the Late Miocene.
The field’s discovery well was perforated in five intervals and tested a cumulative daily production of 6,880 barrels. Despite the low relief of the structural closure however, the field has estimated recoverable reserves of 52,000,000 barrels. The nine wells have already produced around 40,000,000 barrels since 1990 (date of discovery).
The first target to drill (East Wadi Araba–1x), is a structure that is located 1.75 kilometers southwest of Warda and probably 1,500 – 2,500 feet structurally higher than Warda field (depending on the unit level). The structural area closure is less than that of the Warda field and covers 4 square kilometers. However, if successful, it might contain more than 100 million barrels of recoverable reserves due to its huge vertical structural relief.
An apparent major reef build-up at the Belayim level (Nullipore Reef) is noticed on a NE-SW directed seismic line BGP-91-717 at the top of the structure. These reefal facies do not exist in the Warda field. The nearest development of that reef was encountered in Assran, Amer, Ras Gharib and Fanar oil fields that are located close to the southern portion of the concession along the shoreline.
The reef build-up in Assran wells is about 750 feet of dolomites that are saturated with 10-18 API heavy oil (most likely due to the bio-degradation of the oil by contaminated underground water). The Nukhul limestone is also oil-bearing. The oil in-place is estimated to be 670 million barrels and was penetrated at less than 500 feet from surface. Using conventional production methods and horizontal drilling, the recovery factor is calculated at 10% that might reach 30% with the utilization of enhanced recovery techniques such as miscible flooding or steam injection.
The producing reservoirs of Warda oil field in the Belayim, Kareem and Rudies are actually filled to the spill point; the Nubia is not producing in the field due to the lack of structural closure in the southwesterly direction.
The oil in East Wadi Araba concession acreage and the surrounding fields is generated from a major depo-center to the east. This kitchen area was capable of generating huge amounts of oil as evidenced by Warda field (52 million barrels of recoverable oil) and by October field (1.5 billion barrels of recoverable oil of 42 API in the Nubia).
Another important depo-center is located south of the acreage that has provided the source of 18-29 API oil accumulations in Assran, Rahmi, FF, HH, GG and Amer oil fields.
The first drill location (E.Wadi Araba-1x) is structurally closed at all levels down to the basement and presents the most logical position to trap any migrating hydrocarbons in the region. Potential oil zones are anticipated in Belayim, Kareem, Rudies, Nubia and fractured Basement.
The total depth to the basement is forecasted to be at 6000 feet, the water depth is maximum 22 meters and the dry hole cost is about US$1,750,000 in addition to US$500,000 for completion. The average production per well is most likely between 4,000 and 6,000 barrels per day. Five wells will be required to develop the field using two mono-podes as production bases. The production can be handled by building a 2-kilometer tie to a pipeline onshore.
The second commitment well (East Wadi Araba-2X) is shown on the NW-SE directed seismic line BGT 91-630. It represents a major horst block identical to Warda field’s horst block. This block might contain recoverable reserves similar to Warda and probably much higher if the Nubia produces oil. The depth to basement will be around 7,000 feet.
Stock symbol on Pink Sheets OTC: DVPC
Find quotes via www.pinksheets.com
36.6 million shares outstanding.
The company`s corporate offices are in Richmond Hill, Ontario and Cairo, Egypt.
Dover Petroleum (DP) is a new publicly traded company that is presently focused on developing the East Wadi Araba Concession in the Gulf of Suez, Egypt.
Seismic data shows 12 targets with potentially large oil reserves. Drilling will commence in 2002 with estimated capital expenditures of $4 million for 2 exploratory wells. There are several producing fields adjacent to DP`s property in Egypt. There are 40 producing fields in the Gulf of Suez, with the 5 largest fields producing more than 5 billion barrels of oil.
Management: Robert P. Salna, Peter J. Moulds, Dale L. Amermine
Contact Us: Dover Petroleum Corp, 10225 Yonge Street, Richmond Hill, Ontario L4C 3B2
WILL THIS BE THE NEXT NDOL????
DVPC .088 KEEP ON YOUR RADAR SCREENS!!!!!!!!
Dover Petroleum (DP) is a junior oil and gas exploration company that has properties in Egypt and the United States.
Our mission is to identify, acquire and develop high quality oil and gas properties. Our mandate is to focus on properties that have large reserve potential that will maximize shareholder value.
Our Properties
We own the Wyoming Asset through our wholly owned subsidiary
Slaterdome. The Wyoming Asset consists of a 33.334% working and operating rights interest in certain oil and gas leases located in Carbon County, Wyoming
and Moffat County, Colorado.
The working and operating rights interest in the oil and gas leases cover approximately 32,000 gross acres in northwest Colorado and southwest Wyoming (the “Slater Dome Area”). A gas gathering line has been constructed and stretches over 18 miles and will collect gas from wells capable of producing gas in the Slater Dome Field.
Carbon County Colorado & Moffat County Wyoming
Gulf of Suez, Egypt:
DP is the operator with a 50% joint-venture interest in the 100,000-acre East Wadi Araba oil concession.
The property was relinquished by British Gas in 1998, when oil prices were in the $10 per barrel range. In 1991, British Gas drilled 1 target that produced 20,000 barrels per day of production and recovered 50 million barrels of oil from the field. It is still in production with 52 million barrels of recoverable reserves, adjacent to DP`s project to the northeast.
The Seismic data generated by British Gas identifies 12 more targets, with each target having the potential to hold 50-100 million barrels of recoverable oil.
The Gulf of Suez is very developed for oil production, with 33% being the average chance of success for exploration wells. There are 40 producing fields in the Gulf of Suez.
There are producing oil fields to the east and northeast of DP’s property. They include the October field with 1.5 billion barrels of recoverable oil; and several oil fields to the south of the concession (including Asfran, Rahmi and Amir) contain on estimate 700 million barrels of recoverable oil. Major oil companies like BP/Amaco, Shell, Apache, Seagull, Devon Energy and Ocean Energy are represented in the area.
Egypt Gulf of Suez oil fields
Geologic Setting and Evaluation:
The Gulf of Suez Sedimentary Rift Basin is rated as having the most potential of any basin in the world considering the recoverability of hydrocarbons, that is, the amount of oil actually recovered from the probable recoverable hydrocarbons per cubic meter of sediments.
The thickness of the sediments in the main depositional centers might reach 30,000 feet of several excellent and widely distributed source rocks and many potential reservoirs of great petrophysical characteristics at all levels of different geologic times.
The basin contains five super-giant fields that have already produced close to five billion barrels of oil since 1957 and will probably produce an additional two billion barrels.
The geologic sequence can be divided into two distinct stratigraphic and structural units namely: The Pre-rifting (Pre-Miocene) system, and the Rifting (Miocene) system.
A generalized stratigraphic correlation of the Gulf of Suez Rift Basin is attached. The most potential reservoirs in East Wadi Araba block are the Belayim, Kareem, Rudies and Nubia intervals.
The production and potential reserves of a discovery on East Wadi Araba block is very much comparable with the Warda (Zaafarana) Oil Field, which is located on the northern part of our concession.
The Warda field is producing oil from seven separate intervals in the Belayim, Kareem and Rudies formations. The field comprises 9 wells, the production had reached 20,000 barrels per day of 24-29 API oil that is probably generated from different source rocks in the region and accumulated at different times during the Late Miocene.
The field’s discovery well was perforated in five intervals and tested a cumulative daily production of 6,880 barrels. Despite the low relief of the structural closure however, the field has estimated recoverable reserves of 52,000,000 barrels. The nine wells have already produced around 40,000,000 barrels since 1990 (date of discovery).
The first target to drill (East Wadi Araba–1x), is a structure that is located 1.75 kilometers southwest of Warda and probably 1,500 – 2,500 feet structurally higher than Warda field (depending on the unit level). The structural area closure is less than that of the Warda field and covers 4 square kilometers. However, if successful, it might contain more than 100 million barrels of recoverable reserves due to its huge vertical structural relief.
An apparent major reef build-up at the Belayim level (Nullipore Reef) is noticed on a NE-SW directed seismic line BGP-91-717 at the top of the structure. These reefal facies do not exist in the Warda field. The nearest development of that reef was encountered in Assran, Amer, Ras Gharib and Fanar oil fields that are located close to the southern portion of the concession along the shoreline.
The reef build-up in Assran wells is about 750 feet of dolomites that are saturated with 10-18 API heavy oil (most likely due to the bio-degradation of the oil by contaminated underground water). The Nukhul limestone is also oil-bearing. The oil in-place is estimated to be 670 million barrels and was penetrated at less than 500 feet from surface. Using conventional production methods and horizontal drilling, the recovery factor is calculated at 10% that might reach 30% with the utilization of enhanced recovery techniques such as miscible flooding or steam injection.
The producing reservoirs of Warda oil field in the Belayim, Kareem and Rudies are actually filled to the spill point; the Nubia is not producing in the field due to the lack of structural closure in the southwesterly direction.
The oil in East Wadi Araba concession acreage and the surrounding fields is generated from a major depo-center to the east. This kitchen area was capable of generating huge amounts of oil as evidenced by Warda field (52 million barrels of recoverable oil) and by October field (1.5 billion barrels of recoverable oil of 42 API in the Nubia).
Another important depo-center is located south of the acreage that has provided the source of 18-29 API oil accumulations in Assran, Rahmi, FF, HH, GG and Amer oil fields.
The first drill location (E.Wadi Araba-1x) is structurally closed at all levels down to the basement and presents the most logical position to trap any migrating hydrocarbons in the region. Potential oil zones are anticipated in Belayim, Kareem, Rudies, Nubia and fractured Basement.
The total depth to the basement is forecasted to be at 6000 feet, the water depth is maximum 22 meters and the dry hole cost is about US$1,750,000 in addition to US$500,000 for completion. The average production per well is most likely between 4,000 and 6,000 barrels per day. Five wells will be required to develop the field using two mono-podes as production bases. The production can be handled by building a 2-kilometer tie to a pipeline onshore.
The second commitment well (East Wadi Araba-2X) is shown on the NW-SE directed seismic line BGT 91-630. It represents a major horst block identical to Warda field’s horst block. This block might contain recoverable reserves similar to Warda and probably much higher if the Nubia produces oil. The depth to basement will be around 7,000 feet.
Stock symbol on Pink Sheets OTC: DVPC
Find quotes via www.pinksheets.com
36.6 million shares outstanding.
The company`s corporate offices are in Richmond Hill, Ontario and Cairo, Egypt.
Dover Petroleum (DP) is a new publicly traded company that is presently focused on developing the East Wadi Araba Concession in the Gulf of Suez, Egypt.
Seismic data shows 12 targets with potentially large oil reserves. Drilling will commence in 2002 with estimated capital expenditures of $4 million for 2 exploratory wells. There are several producing fields adjacent to DP`s property in Egypt. There are 40 producing fields in the Gulf of Suez, with the 5 largest fields producing more than 5 billion barrels of oil.
Management: Robert P. Salna, Peter J. Moulds, Dale L. Amermine
Contact Us: Dover Petroleum Corp, 10225 Yonge Street, Richmond Hill, Ontario L4C 3B2
WILL THIS BE THE NEXT NDOL????
DVPC .088 KEEP ON YOUR RADAR SCREENS!!!!!!!!
Dover Petroleum (DP) is a junior oil and gas exploration company that has properties in Egypt and the United States.
Our mission is to identify, acquire and develop high quality oil and gas properties. Our mandate is to focus on properties that have large reserve potential that will maximize shareholder value.
Our Properties
We own the Wyoming Asset through our wholly owned subsidiary
Slaterdome. The Wyoming Asset consists of a 33.334% working and operating rights interest in certain oil and gas leases located in Carbon County, Wyoming
and Moffat County, Colorado.
The working and operating rights interest in the oil and gas leases cover approximately 32,000 gross acres in northwest Colorado and southwest Wyoming (the “Slater Dome Area”). A gas gathering line has been constructed and stretches over 18 miles and will collect gas from wells capable of producing gas in the Slater Dome Field.
Carbon County Colorado & Moffat County Wyoming
Gulf of Suez, Egypt:
DP is the operator with a 50% joint-venture interest in the 100,000-acre East Wadi Araba oil concession.
The property was relinquished by British Gas in 1998, when oil prices were in the $10 per barrel range. In 1991, British Gas drilled 1 target that produced 20,000 barrels per day of production and recovered 50 million barrels of oil from the field. It is still in production with 52 million barrels of recoverable reserves, adjacent to DP`s project to the northeast.
The Seismic data generated by British Gas identifies 12 more targets, with each target having the potential to hold 50-100 million barrels of recoverable oil.
The Gulf of Suez is very developed for oil production, with 33% being the average chance of success for exploration wells. There are 40 producing fields in the Gulf of Suez.
There are producing oil fields to the east and northeast of DP’s property. They include the October field with 1.5 billion barrels of recoverable oil; and several oil fields to the south of the concession (including Asfran, Rahmi and Amir) contain on estimate 700 million barrels of recoverable oil. Major oil companies like BP/Amaco, Shell, Apache, Seagull, Devon Energy and Ocean Energy are represented in the area.
Egypt Gulf of Suez oil fields
Geologic Setting and Evaluation:
The Gulf of Suez Sedimentary Rift Basin is rated as having the most potential of any basin in the world considering the recoverability of hydrocarbons, that is, the amount of oil actually recovered from the probable recoverable hydrocarbons per cubic meter of sediments.
The thickness of the sediments in the main depositional centers might reach 30,000 feet of several excellent and widely distributed source rocks and many potential reservoirs of great petrophysical characteristics at all levels of different geologic times.
The basin contains five super-giant fields that have already produced close to five billion barrels of oil since 1957 and will probably produce an additional two billion barrels.
The geologic sequence can be divided into two distinct stratigraphic and structural units namely: The Pre-rifting (Pre-Miocene) system, and the Rifting (Miocene) system.
A generalized stratigraphic correlation of the Gulf of Suez Rift Basin is attached. The most potential reservoirs in East Wadi Araba block are the Belayim, Kareem, Rudies and Nubia intervals.
The production and potential reserves of a discovery on East Wadi Araba block is very much comparable with the Warda (Zaafarana) Oil Field, which is located on the northern part of our concession.
The Warda field is producing oil from seven separate intervals in the Belayim, Kareem and Rudies formations. The field comprises 9 wells, the production had reached 20,000 barrels per day of 24-29 API oil that is probably generated from different source rocks in the region and accumulated at different times during the Late Miocene.
The field’s discovery well was perforated in five intervals and tested a cumulative daily production of 6,880 barrels. Despite the low relief of the structural closure however, the field has estimated recoverable reserves of 52,000,000 barrels. The nine wells have already produced around 40,000,000 barrels since 1990 (date of discovery).
The first target to drill (East Wadi Araba–1x), is a structure that is located 1.75 kilometers southwest of Warda and probably 1,500 – 2,500 feet structurally higher than Warda field (depending on the unit level). The structural area closure is less than that of the Warda field and covers 4 square kilometers. However, if successful, it might contain more than 100 million barrels of recoverable reserves due to its huge vertical structural relief.
An apparent major reef build-up at the Belayim level (Nullipore Reef) is noticed on a NE-SW directed seismic line BGP-91-717 at the top of the structure. These reefal facies do not exist in the Warda field. The nearest development of that reef was encountered in Assran, Amer, Ras Gharib and Fanar oil fields that are located close to the southern portion of the concession along the shoreline.
The reef build-up in Assran wells is about 750 feet of dolomites that are saturated with 10-18 API heavy oil (most likely due to the bio-degradation of the oil by contaminated underground water). The Nukhul limestone is also oil-bearing. The oil in-place is estimated to be 670 million barrels and was penetrated at less than 500 feet from surface. Using conventional production methods and horizontal drilling, the recovery factor is calculated at 10% that might reach 30% with the utilization of enhanced recovery techniques such as miscible flooding or steam injection.
The producing reservoirs of Warda oil field in the Belayim, Kareem and Rudies are actually filled to the spill point; the Nubia is not producing in the field due to the lack of structural closure in the southwesterly direction.
The oil in East Wadi Araba concession acreage and the surrounding fields is generated from a major depo-center to the east. This kitchen area was capable of generating huge amounts of oil as evidenced by Warda field (52 million barrels of recoverable oil) and by October field (1.5 billion barrels of recoverable oil of 42 API in the Nubia).
Another important depo-center is located south of the acreage that has provided the source of 18-29 API oil accumulations in Assran, Rahmi, FF, HH, GG and Amer oil fields.
The first drill location (E.Wadi Araba-1x) is structurally closed at all levels down to the basement and presents the most logical position to trap any migrating hydrocarbons in the region. Potential oil zones are anticipated in Belayim, Kareem, Rudies, Nubia and fractured Basement.
The total depth to the basement is forecasted to be at 6000 feet, the water depth is maximum 22 meters and the dry hole cost is about US$1,750,000 in addition to US$500,000 for completion. The average production per well is most likely between 4,000 and 6,000 barrels per day. Five wells will be required to develop the field using two mono-podes as production bases. The production can be handled by building a 2-kilometer tie to a pipeline onshore.
The second commitment well (East Wadi Araba-2X) is shown on the NW-SE directed seismic line BGT 91-630. It represents a major horst block identical to Warda field’s horst block. This block might contain recoverable reserves similar to Warda and probably much higher if the Nubia produces oil. The depth to basement will be around 7,000 feet.
Stock symbol on Pink Sheets OTC: DVPC
Find quotes via www.pinksheets.com
36.6 million shares outstanding.
The company`s corporate offices are in Richmond Hill, Ontario and Cairo, Egypt.
Dover Petroleum (DP) is a new publicly traded company that is presently focused on developing the East Wadi Araba Concession in the Gulf of Suez, Egypt.
Seismic data shows 12 targets with potentially large oil reserves. Drilling will commence in 2002 with estimated capital expenditures of $4 million for 2 exploratory wells. There are several producing fields adjacent to DP`s property in Egypt. There are 40 producing fields in the Gulf of Suez, with the 5 largest fields producing more than 5 billion barrels of oil.
Management: Robert P. Salna, Peter J. Moulds, Dale L. Amermine
Contact Us: Dover Petroleum Corp, 10225 Yonge Street, Richmond Hill, Ontario L4C 3B2
I like that, and also beleive it
It certainly is one of the top companies in the industry and is getting noticed
CTFE looks great today
gn z
do you ever sleep or rest lol
DXNL LOOKS STRONG
DXNL WOWWW
dxnl +243% today, vnbl =63% today, grsu +40% today
They cannt all be winners but most are BIGGG winners
yes it looks strong
penny you are on fire again
i agree with you on that.nice close and i dont think itdone. nice call z
QRVI chart looking solid to me and has been building for 2 days imo. Patience is the key
DVPC LOOKS STRONG
Welcome aboard Bob. Its always great to have another member as there is strenght in numbers
gm all
gm all
gm all. lets make dollars of these pennys
gm all mil players
Looks like something is u with the vol and movement imo
i relly like the looks of this one
IVGA looking more at the 50 and 200 day ma we could have a golden crossover tommorow or tues imo
IVGA and DIAAF are going to start off a great week imo
Yes, i think DIAAF will see pennyland tommorow and IVGA will test .03 and if it breaks a double it not out of the question. I am really pumped about both
Have a profitable week
IVGA,i was looking at the time/sales chart and the buy/sell ratio was 7/3 overall. the mms lost 8m from their inventory on Friday fwiw. I would think if they are not short now they will be st some point on Monday. This should rocket with anykind of volume
DIAAF and IVGA are solid for Monday imo
IVGA, if you look at the charts,you will see that the RSI bounced off of 50 and turned back up. IMO that is a sign of strenght. Along with that we crossed the 50 and 200 day moving averages on Friday. I think that Monday it the start of a clear uptrend for this stock imo
IVGA, if you look at the charts,you will see that the RSI bounced off of 50 and turned back up. IMO that is a sign of strenght. Along with that we crossed the 50 and 200 day moving averages on Friday. I think that Monday it the start of a clear uptrend for this stock imo
IVGA,Actually, if you look at the charts,you will see that the RSI bounced off of 50 and turned back up. IMO that is a sign of strenght. Along with that we crossed the 50 and 200 day moving averages on Friday. I think that Monday it the start of a clear uptrend for this stock imo
DIAAF is gonna bust a movee Monday imo
IVGA looks the its ready to go on Monday imo
IVGA looks reaqdy to move on Monday. Charts and techs look strong imo
I love this part of their news release
Currently TMM has 350 billion shares authorized. Fifty-three percent, or 185,500,000,000 were issued to me and my investment team on March 7, 2006. This transaction was based on our agreement to take the financial and business responsibility away from the previous management team
From American Bulls 4/29/2006
IVGA
INVICTA GROUP INC
Daily Commentary
Our system posted a BUY-IF today. The previous SELL recommendation was issued on 04.27.2006 (1) day ago, when the stock price was 0.0019. Since then IVGA has gained 5.26% .
A bullish pattern has developed and a BUY-IF alert is issued today. You will also see if we erred badly in our previous SELL signal. So a warning is in order. Confirmation in the next session means that the signal failed. This failure amounts to missing a significant bullish opportunity. You can, however, still ride on a back wagon of the bullish train by following the guidelines below. The task is now to confirm the validity of this bullish pattern. We will guide you through this process but the prime star of this game is nobody but you. First you must do your homework. A good starting point may be to keep an eye on after-hours and futures trading to get preliminary hints about the direction of the market. Related news, events, economic data, and the world stock markets should also be closely followed prior to confirmation session.
There are three possible cases of confirmation. You have to follow the next session carefully to check if these cases will hold or not:
The market opens with an upward gap, signaling a bullish sentiment in the first case. Your benchmark will be the opening price. If the prices stay over the benchmark, go long. Any white candlestick with an upward gap is a valid confirmation criterion.
In the second case, the market opens at a level, equal to or below the previous day’s close. The benchmark is that closing price. If prices during the session stay over the benchmark, go long. Any white candlestick closing above the previous day’s close is the second confirmation criterion.
If, however, in both cases, the prices during the session start coming below the benchmark, avoid buying. Sell if you feel a definite tendency in prices to close the day below the benchmark.
The third case of confirmation is rarely observed. The market opens with a big downward gap suggesting a very bearish day, and the day ends with a long white candlestick, but still closing below the previous day’s close. However, such a day satisfies the third confirmation criterion and in this case the closing price of the long white candlestick will be taken as the price of confirmation.
If one of the three confirmation criteria is not fulfilled, or in case of a black candlestick or a doji on the confirmation day, the BUY-IF alert remains valid, however without confirmation and the three confirmation criteria are then sought in the following day. The only exception is the long black candlestick. Any long black candlestick following a BUY-IF alert makes it (the signal) void and invalid.
Do not consider any new short positions given the bullish alert and the recent bullish momentum. Short sellers must cover their positions to prevent further losses, especially if the market confirms the BUY-IF signal, in which case we owe you an apology about the previous SELL signal.
Data provided by: End of Day Data
BUY-IF
0.0020
+0.0003 +17.65%
Candlestick Analysis
Today’s Candlestick Patterns:
White Closing Marubozu
Bullish Engulfing
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.
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.
For more about this pattern click here.
Day's Close 0.0020
Previous Close 0.0017
Previous Open 0.0019
Change +0.0003
% Change +17.65%
Volume 20,029,590
Stock Activity
Day's Open 0.0018
Day's High 0.0020
Day's Low 0.0016
50-Day Close M.A. 0.0015
200-Day Close M.A. 0.0018
65-Day Volume M.A. 9,399,191