UNB
UNITED BOLERO DEVELOPMENT CORP
Daily Commentary
Our system posted a BUY-IF today. The previous SELL recommendation that was confirmed was made on 01.10.2005 (13) days ago, when the stock price was 0.3200. Since then UNB has fallen -3.13% .
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
BUY-IF
0.3100
+0.0600 +24.00%
Candlestick Analysis
Today’s Candlestick Patterns:
White Opening Marubozu
Bullish Engulfing
Today a White Opening Marubozu was formed. This shows that the day opened and then the prices continued to go up all day long without coming below the opening level thus forming a long white body, however prices did not close at the high of the day and thus they created an upper shadow.
For more about this candlestick click here.
The last two candlesticks formed a Bullish Engulfing 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 here.
Stock Quote
Day's Close 0.3100
Previous Close 0.2500
Previous Open 0.2600
Change +0.0600
% Change +24.00%
Volume 982,500
Stock Activity
Day's Open 0.2500
Day's High 0.3300
Day's Low 0.2500
50-Day Close M.A. 0.1905
200-Day Close M.A. 0.1777
65-Day Volume M.A. 156,021
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