TCOM - American Bull.com
TELECOM COMMUNICATIONS INC
Daily Commentary
Our system posted a BUY-IF today. The previous BUY recommendation that was confirmed was made on 08.02.2005 (8) days ago, when the stock price was 0.2320. Since then TCOM has gained 132.76% .
This is a call for another buying opportunity. First, be aware of what happened at after hours trading and futures. 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, increase your holdings or open new long positions.
Well, things do not go as expected sometimes. You may rather see a gap-down at the open or a black candlestick forming with a lower close in the next session. If this is the case, humbly accept the market verdict, cancel the buy orders and cover any long positions that you might have opened.
[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
0.5400
0.0000 0.00%
Candlestick Analysis
Today’s Candlestick Patterns:
Inverted Umbrella
Bullish Gravestone Doji
Today an Inverted Umbrella was formed. The long upper shadow shows the evidence for selling pressure, but the position of high price indicates that plenty of buyers still are around.
For more about this candlestick click here.
The last two candlesticks formed a Bullish Gravestone Doji 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.
