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LRM
LINEAR METALS CP
Weekly Commentary

Our system posted SELL-IF . The previous BUY recommendation that was confirmed was made on 05.14.2010 (110) days ago, when the stock price was 0.1400 . Since then LRM has gained 28.57% .

The SELL-IF alert is still valid. A bearish confirmation however is denied. The pattern is not yet rejected since the past week was not a long white candlestick week. The market is indecisive, so keep up the good work and continue to do your homework digesting all available information around.

The final judgment about the evolving pattern waits for the second week of confirmation. This time, either the bearish alert will be confirmed by one of the valid confirmation criteria or it will be void and invalid.

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

The bearish alert is still valid so existing short positions should be carried. New short positions may be considered only in case of valid bearish confirmation.

Data provided by:  End of Day Data

 
SELL-IF
0.1800
+0.0200 +12.50%
Candlestick Analysis
Intraweek Candlestick:
White Marubozu

Candlestick Pattern


Intraweek Confirmation Status : Currently rejected.

An intraweek White Marubozu was formed. This shows that the buyers controlled the price action from the first trade to the last trade.
For more about this candlestick click here.


 
 
Stock Quote
Intraweek Close 0.1800
Previous Weekly Close 0.1600
Previous Weekly Open 0.1600
Change +0.0200
% Change +12.50%
Volume 37,345
 
Stock Activity
Week's Open 0.1400
Intraweek High 0.1800
Intraweek Low 0.1400
20-Week Close M.A. 0.1530
50-Week Close M.A. 0.1932
20-Week Volume M.A. 425,089
 

21-Month Signal History
Week of          Price   Signal $100
Became
05.14.10 0.1400    Buy 1,919
04.23.10 0.1800    Sell 1,919
04.09.10 0.1500    Buy 1,599
01.29.10 0.2700    Sell 1,599
01.08.10 0.2100    Buy 1,244
12.24.09 0.2000    Sell 1,244
12.11.09 0.2000    Buy 1,244
11.20.09 0.2500    Sell 1,244
11.06.09 0.2400    Buy 1,194
09.18.09 0.3800    Sell 1,194
06.26.09 0.0700    Buy 220
01.30.09 0.1100    Sell 220
12.12.08 0.0500    Buy 100



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