PRXT
PROXITY INC
Daily Commentary
Our system posted a BUY-IF today. The previous SELL recommendation was issued on 12.20.2007 (6) days ago, when the stock price was 0.0030. Since then PRXT has fallen -3.33% .
The BUY-IF alert is still valid. A confirmation today however is denied. The pattern is not rejected yet since the day 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 the next session. Either the alert will be confirmed by one of the valid confirmation criteria or the bullish alert will be void and null.
It is still your duty to check the confirmation criteria when the next session opens. Reminding briefly; a white candlestick with an upward gap, a white candlestick closing above previous close and a long white candlestick with a big downward gap is sufficient to confirm the BUY-IF alert though with a one day delay. Go long in any of these cases by respecting the benchmarks. In any other case, simply ignore the BUY-IF alert. The next session 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.
Data provided by: End of Day Data
BUY-IF
0.0029
-0.0001 -3.33%
Candlestick Analysis
Today’s Candlestick Patterns:
White Marubozu
Today a White Marubozu was formed. This shows that the buyers controlled the price action from the first trade to the last trade.
For more about this candlestick click here.
Stock Quote
Day's Close 0.0029
Previous Close 0.0030
Previous Open 0.0020
Change -0.0001
% Change -3.33%
Volume 256,000
Stock Activity
Day's Open 0.0020
Day's High 0.0029
Day's Low 0.0020
20-Day Close M.A. 0.0027
50-Day Close M.A. 0.0039
65-Day Volume M.A. 1,375,804
PRXT
PROXITY INC
Weekly Commentary
Our system posted BUY-IF . The previous SELL recommendation that was confirmed was made on 11.30.2007 (26) days ago, when the stock price was 0.0045 . Since then PRXT has fallen -35.56% .
The market considers a bullish attack but still hesitating to do so. The previous bullish pattern was not confirmed. 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. It is the time to repeat the homework. Sounds tedious? Well, earning money is not easy. Keep an eye on futures trading and digest all related news, events, economic data and the outlook of the world stock markets prior to and during the confirmation week.
We are posting daily the current confirmation status, but, still you must check if one of the following three confirmation cases hold or not:
Does the week open with an upward gap? Your benchmark is the weekly opening price. If the prices stay over this benchmark, go long.
Does the week open at a level, equal to or below the previous week’s close? The benchmark is that closing price. If prices during the week stay over this benchmark, go long. In both of the above cases, avoid buying if the prices during the week start coming below the benchmark.
Check also the rare case in which the week opens with a big downward gap but the week ends with a long white candlestick though still closing below the previous week's 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 following week. 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
0.0029
+0.0009 +45.00%
Candlestick Analysis
Intraweek Candlestick:
White Candlestick
Last Week's Pattern(s):
Bullish Matching Low
Intraweek Confirmation Status : Currently confirmed by a white candlestick with a higher close.
An intraweek White Candlestick was formed. This represents normal buying pressure.
For more about this candlestick click here.
The last two week's candlestick pattern that is subject to confirmation is 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
Intraweek Close 0.0029
Previous Weekly Close 0.0020
Previous Weekly Open 0.0025
Change +0.0009
% Change +45.00%
Volume 396,000
Stock Activity
Week's Open 0.0020
Intraweek High 0.0030
Intraweek Low 0.0015
20-Week Close M.A. 0.0029
50-Week Close M.A. 0.0040
20-Week Volume M.A. 4,684,220
