Our system’s recommendation today is to SHORT. The BEARISH STOP LOSS pattern finally received a confirmation because the prices crossed the Stop Loss level which was at 25.6600, and our valid average selling price stands now at 25.4401. The previous BUY recommendation was issued on 5/10/2013, 13 days ago, when the stock price was 25.7999. Since then GMA has fallen by -1.39%.
The market changed its face while our beloved candlesticks were asleep. Though the system has not yet detected a bearish pattern, the evidence is strong enough to go for a bearish bet. The bearish stop loss is confirmed and a SHORT signal is generated. Follow the signal and profit from the bearish enthusiasm before it is too late. SHORT is a dangerous signal. Sudden increases in prices can lead to huge losses. For this reason stop loss levels must be kept in mind at all times and SHORT orders must never be placed without a stop loss.