WTVI
WI - FI TV INC
Daily Commentary
Our system posted a BUY-IF today. The previous SELL recommendation was issued on 03.14.2007 (47) days ago, when the stock price was 0.0175. Since then WTVI has fallen -81.14% .
The market considers a bullish attack but still hesitating to do so. The previous bullish pattern is not confirmed today. According to our rules, it is by now null and void. However, a new bullish pattern is developing and another BUY-IF alert is issued today. It is the time to repeat the homework. Sounds tedious? Well, earning money is not easy. Keep an eye on after-hours and futures trading and digest all related news, events, economic data and the outlook of the world stock markets prior to the next confirmation session.
You must again check if one of the following three confirmation cases hold or not:
Does the market open with an upward gap? Your benchmark is the opening price. If the prices stay over this benchmark, go long.
Does the market open 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 this benchmark, go long. In both of the above cases, avoid buying if the prices during the session start coming below the benchmark.
Check also the rare case in which the market opens with a big downward gap but the day ends with a long white candlestick though still closing below the previous close. Such activity confirms the bullish alert and the benchmark is the closing price of the long white candlestick.
If one of these confirmation criteria is not met, or in case of a black candlestick or doji, the BUY-IF alert remains valid (without confirmation) postponing the confirmation search to the next session. Any long black candlestick following a BUY-IF alert, on the other hand, makes the signal void and invalid.
We do not suggest any new short positions given the new 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.
Data provided by: End of Day Data
BUY-IF
0.0033
0.0000 0.00%
Candlestick Analysis
Today’s Candlestick Patterns:
Black Spinning Top
Bullish Matching Low
Today a Black Spinning Top was formed. This represents complete indecision between the bulls and the bears.
For more about this candlestick click here.
The last two candlesticks formed a Bullish Matching Low 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.
Stock Quote
Day's Close 0.0033
Previous Close 0.0033
Previous Open 0.0036
Change 0.0000
% Change 0.00%
Volume 17,803,800
Stock Activity
Day's Open 0.0035
Day's High 0.0035
Day's Low 0.0032
20-Day Close M.A. 0.0058
50-Day Close M.A. 0.0129
65-Day Volume M.A. 20,411,861
good volume today
