EQ Labs Inc (EQLB)

[HobbyTrader]

americanbulls.com is BUY CONFIRMED after today

EQ LABS INC
Daily Commentary

Our system posted a BUY CONFIRMED today. The previous SELL recommendation was issued on 04.07.2010 (12) days ago, when the stock price was 0.0059. Since then EQLB has gained 222.03% .

BUY-IF is confirmed by a white candlestick with a higher open. The buying price is today's open ( 0.0080 ) 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 confirmation but today it is. The market opened with a gap-up and the day’s activity resulted in a close higher than the open. This is a valid confirmation criterion. The market seems ready for a new bullish move.

We hope that you bought this stock and still have the chance to profit from the later phase of the bullish attack. Today you were supposed to watch the upward gap in the opening, wait a bit, feel the bullish tendency of the market making sure that prices stay over the opening price and then go long. Your benchmark was the opening price of the upward gap.