Monday, June 26, 2006 12:31:09 PM
Our system posted a BUY CONFIRMED today. The previous SELL recommendation was made on 06.20.2006 (3) days ago, when the price was 0.0250. Since then FMNJ has fallen -5.60% .
BUY-IF is confirmed by a white candlestick with an equal open and a higher close. The buying price is taken as the previous close ( 0.0230 ) according to the Rules of Confirmation.
Patience pays off. The market wavered a bit but finally confirmed the recent bullish formation. The dose of the previous day was not enough for a BUY-IF confirmation but today it is. Though the market opened lower today, the day’s activity created a white candlestick that closed above the previous close. This is a valid confirmation criterion. The market is now ready for a bullish move.
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