Our system posted a BUY CONFIRMED today. The previous SELL recommendation was issued on 12.29.2011 (8) days ago, when the stock price was 0.0152. Since then PCFG has gained 8.55% .
BUY-IF is confirmed by a white candlestick which has an open equal to the previous close but closing higher. The buying price is the previous close ( 0.0160 ) according to the Rules of Confirmation.
The recent bullish formation leading to the BUY-IF signal is confirmed today. The market seems ready for a new bullish move. 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.