Simtek Corp (SMTK)

[SmokingUSA]

Let's hope it gaps up on opening!!
SRAM
SIMTEK CORP
Daily Commentary

Our system posted a BUY-IF today. The previous SELL recommendation that was confirmed was made on 03.14.2005 (2) days ago, when the stock price was 0.8300. Since then SRAM has fallen -12.65% .

Is this finally a good time to buy? Well, it depends. First check what happened at after hours trading and future values. Then, follow the next session very carefully and be on your toes. This candlestick pattern is a bullish one, but we have to see whether it will be confirmed or not.

Do you see a gap-up at the market open? Do you see a white candlestick forming with a higher close at the session's end? Shortly, is it a nice bullish day? If so, place your buy orders and open new long positions. The market is now on the bull side.

But, be careful, also. If you see a gap-down when the market opens, or if the session closes with a bearish sentiment producing a black candlestick characterized by a lower close, do not challenge the market. Ignore the BUY-IF alert. Cancel the buy orders and cover any new long positions that you might have opened. Bears are still in control.

[MOTTO OF THE DAY]
Buy only if the bulls are in charge
Forget about it if the bears surge


Data provided by: End of Day Data

BUY-IF
Conformance Rating

0.7250
+0.0050 +0.69%
Candlestick Analysis
Today’s Candlestick Patterns:

High Wave
Bullish Homing Pigeon

Candlestick Pattern


Today a High Wave was formed. This implies a loss of sense of direction and that there is a great amount of indecision in the market.
For more about this candlestick click here.

The last two candlesticks formed a Bullish Homing Pigeon 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