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Not Updated since 3/9/2010 5/9/2010  
 
7241
FUTABA INDU ORD (Tokyo)
Weekly Commentary

Our system posted BUY CONFIRMED . The previous SELL recommendation that was confirmed was made on 25.06.2010 (70) days ago, when the stock price was 788.0000 . Since then 7241 has fallen -35.79% .

BUY-IF is confirmed by a white candlestick with a higher open. The confirmation price is taken as this week's open ( 496.00 ) according to Rules of Confirmation.

The recent bullish formation leading to the BUY-IF signal is confirmed this week. The market is ready for a new bullish move. The week opened with a gap-up and the price activity resulted in a close higher than the open. This is one of our valid confirmation criteria.

We hope that you bought this . You should watch the upward gap in the beginning of the week, closely monitor the current confirmation status posted daily, feel the bullish tendency of the market making sure that prices stay over the opening price and then go long. Your benchmark was the opening price of the upward gap.

If you bought, continue to hold this until the confirmation of the next SELL-IF signal. You are on safe grounds as long as the future prices continue to trade above the benchmark price. What to do if you did not buy? Maybe, you did not have time to follow the sessions during the week or you simply delegated the delicate job of confirmation to us. Well it is a bit late, but not too late. You may still find suitable prices for buying in the following sessions.

The market is currently cold for short-sellers. Avoid any short sales and cover the short positions if there are any.

 
BUY
CONFIRMED
506.00
+20.000 +4.12%
Candlestick Analysis
This Week's Patterns: White Spinning Top
Candlestick Pattern


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


 
 
Stock Quote
Week's Close 506.00
Previous Weekly Close 486.00
Previous Weekly Open 476.00
Change +20.000
% Change +4.12%
Volume 14,359
 
Stock Activity
Week's Open 496.00
Week's High 512.00
Week's Low 467.00
20-Week Close M.A. 660.35
50-Week Close M.A. 653.00
20-Week Volume M.A. 19,147
 

Two-Year Signal History
Week of          Price   Signal IDR 100
Became
03.09.10 496.00    Buy   321
25.06.10 788.00    Sell 321
30.04.10 746.00    Buy 304
09.04.10 812.00    Sell 304
23.10.09 400.00    Buy 150
02.10.09 388.00    Sell 150
24.07.09 330.00    Buy 127
10.07.09 341.00    Sell 127
29.05.09 346.00    Buy 129
15.05.09 450.00    Sell 129
10.04.09 377.00    Buy 108
27.03.09 315.00    Sell 108
06.03.09 287.00    Buy 99
12.09.08 1,609.0    Sell 99
29.08.08 1,729.0    Buy 106
13.06.08 2,555.0    Sell 106
30.05.08 2,410.0    Buy 100
 
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