News Flash On The Aim Market Message Board

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Gold/Mining/Energy : News Flash On The Aim Market

LSE 5.220

-0.8%

Nov 7 9:30 AM EST

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From: miningoz

4/29/2014 2:51:36 AM

of 161

MERCOM OIL SANDS

BUY

Last Pattern:BULLISH HARAMI CROSS

Last Close:
0.4500

Change:
+0.1000

Percent change
+28.57%

6 mo.Rating3?
£100?130.09

12 mo.Rating2?
£100?185.04

24 mo.Rating
£100?

Signal Update
Our system’s recommendation today is to BUY. The BULLISH HARAMI CROSS pattern finally received a confirmation because the prices crossed the confirmation level which was at 0.3500, and our valid average buying price stands now at 0.3545. The previous SHORT recommendation was issued on 23/04/2014, 5 days ago, when the stock price was 0.3705. Since then MMO.L has fallen by-4.32%.
Market Outlook
The bulls have strong evidence on their side and this evidence prompts us to make a bullish bet. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is probably the right time to be part of this boost and bullish market sentiment. The market is telling you about a possible new profit. Do not miss this chance.

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