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GMI
GLOBESTAR MINING CP
Weekly Commentary

Our system posted BUY-IF . The previous SELL recommendation that was confirmed was made on 08.06.2010 (26) days ago, when the stock price was 1.0300 . Since then GMI has gained 0.00% .

The BUY-IF alert is still valid. A confirmation was denied, but the pattern is not rejected yet since the past week was not a long black candlestick one. The market is currently testing your patience. Continue to do your homework by digesting all available information around.

The final judgment about the evolving pattern waits for the second week. Either the alert will be confirmed by one of the valid confirmation criteria or the bullish alert will be void and null.

We are posting daily the current confirmation status, but It is still your duty to check the confirmation criteria. Reminding briefly; a white candlestick with an upward gap, a white candlestick closing above previous week's close or a long white candlestick with a big downward gap is sufficient to confirm the BUY-IF alert though with a one week delay. Go long in any of these cases by respecting the benchmarks. In any other case, simply ignore the BUY-IF alert. This second week is the last chance we allow for confirmation. A confirmation failure renders the assumed bullish pattern totally invalid and starts the process of searching for a new pattern.

We do not yet suggest any new short positions given the bullish alert. The short sellers should consider covering their positions if the market confirms the BUY-IF signal. Otherwise, existing short positions should be carried.

Data provided by:  End of Day Data

 
BUY-IF
1.0300
+0.0400 +4.04%
Candlestick Analysis
Intraweek Candlestick:
White Opening Marubozu

Candlestick Pattern


Intraweek Confirmation Status : Currently confirmed by a white candlestick with a higher close.

An intraweek White Opening Marubozu was formed. This shows that the week opened and then the prices continued to go up all week long without coming below the opening level thus forming a long white body, however prices did not close at the high of the week and thus they created an upper shadow.
For more about this candlestick click here.


 
 
Stock Quote
Intraweek Close 1.0300
Previous Weekly Close 0.9900
Previous Weekly Open 0.9900
Change +0.0400
% Change +4.04%
Volume 307,958
 
Stock Activity
Week's Open 0.9800
Intraweek High 1.0500
Intraweek Low 0.9800
20-Week Close M.A. 1.0130
50-Week Close M.A. 1.0144
20-Week Volume M.A. 458,513
 

Two-Year Signal History
Week of          Price   Signal $100
Became
08.06.10 1.030    Sell 381
03.12.10 1.020    Buy 377
02.05.10 1.050    Sell 377
12.04.09 1.050    Buy 377
10.30.09 0.9100    Sell 377
09.25.09 0.8900    Buy 369
08.14.09 1.100    Sell 369
07.17.09 0.7800    Buy 261
06.26.09 0.8500    Sell 261
03.13.09 0.4700    Buy 145
01.30.09 0.4700    Sell 145
01.09.09 0.4300    Buy 132
11.14.08 0.5100    Sell 132
10.31.08 0.4000    Buy 104
08.15.08 1.400    Sell 104
08.01.08 1.350    Buy 100



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