Stock O'holics Investing University

[mick]

were you able to see this one yet tonight? INBG

INTL BUILDING TECHNOLOGIES GROUP INC
Daily Commentary
http://americanbulls.com/StockPage.asp?CompanyTicker=INBG&MarketTicker=OTC&Typ=S

Our system posted a BUY CONFIRMED today. The previous SELL recommendation was issued on 01.28.2008 (8) days ago, when the stock price was 0.0055. Since then INBG has fallen -29.09% .

BUY-IF is confirmed by a white candlestick with a lower open and a higher close. The buying price is the previous close ( 0.0038 ) 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.

We hope that you acted quickly and already bought this stock . Your important benchmark was the previous close. You were supposed to watch the session carefully, feel its bullish tendency despite the lower opening, and go long after making sure that the prices stay over the previous close.

If you bought, continue to hold this stock until the confirmation of the next SELL-IF signal. You are on safe grounds as long as the future prices continue to trade above the benchmark price. What to do if you did not buy? Maybe, you did not have time to follow the session or you simply delegated the delicate job of confirmation to us. Well, it is a bit late, but not too late. You may still find suitable prices for buying in the following sessions.

The market is currently cold for short-sellers. Avoid any short sales and cover the short positions immediately if there are any.

Data provided by: End of Day Data


BUY
CONFIRMED


0.0039
+0.0001 +2.63%

Candlestick Analysis , Today’s Candlestick Patterns:
White Closing Marubozu


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.