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Not Updated since 7/9/2010 8/9/2010  
 
UNSP.JK
BAKRIE S PLANT ORD (Jakarta)
Weekly Commentary

Our system posted BUY-IF . The previous SELL recommendation that was confirmed was made on 02.07.2010 (67) days ago, when the stock price was 375.0000 . Since then UNSP.JK has fallen -25.33% .

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.

 
BUY-IF
280.00
+5.0000 +1.82%
Candlestick Analysis
Intraweek Candlestick:
White Spinning Top

Candlestick Pattern


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

An intraweek White Spinning Top was formed. This represents complete indecision between the bulls and the bears.
For more about this candlestick click here.


 
 
Stock Quote
Intraweek Close 280.00
Previous Weekly Close 275.00
Previous Weekly Open 285.00
Change +5.0000
% Change +1.82%
Volume 402,240
 
Stock Activity
Week's Open 275.00
Intraweek High 285.00
Intraweek Low 270.00
20-Week Close M.A. 365.00
50-Week Close M.A. 525.49
20-Week Volume M.A. 2,539,846
 

Two-Year Signal History
Week of          Price   Signal IDR 100
Became
02.07.10 375.00    Sell 140
09.04.10 500.00    Buy 187
26.03.10 510.00    Sell 187
08.01.10 568.49    Buy 208
11.12.09 715.52    Sell 208
16.10.09 833.14    Buy 243
04.09.09 882.14    Sell 243
24.07.09 676.31    Buy 186
12.06.09 803.73    Sell 186
27.03.09 298.95    Buy 69
06.03.09 308.75    Sell 69
13.02.09 303.85    Buy 68
16.01.09 289.15    Sell 68
07.11.08 294.05    Buy 69
08.08.08 1,323.2    Sell 69
20.06.08 1,911.3    Buy 100
06.06.08 1,911.3    Sell 100
 
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