Last Update
5/17/2013
JPP
SPDR RUSSELL NOMURA PRIME JAPAN ETF
BUY
Last Pattern: BULLISH STOP LOSS
Last Close:
45.9800
Change:
+0.7200
Percent change
+1.59%
6 mo. Rating 1
$100⇨ 110.60
12 mo. Rating 1
$100⇨ 110.60
24 mo. Rating
$100⇨ 110.60
Signal Update
Our system’s recommendation today is to BUY. The BULLISH STOP LOSS pattern finally received a confirmation because the prices crossed the Stop Loss level which was at 45.2100, and our valid average buying price stands now at 45.9800. The previous SELL recommendation was issued on 5/7/2013, 10 days ago, when the stock price was 44.9240. Since then JPP has risen by +2.35%.
Market Outlook
A rally after a bear setup can occasionally turn into an explosive long trade. We may be on the verge of catching one of them. There is now a strong positive sentiment in the market despite the absence of a bullish pattern. The bullish stop loss is finally confirmed and a BUY signal is generated. Market wants to reward the bulls. It may be now the right time to be part of this boost and bullish market sentiment by joining the growing bullish crowd.


Intraday Module is ON. To follow the confirmation status, click here.
Candlestick Pattern Chart
The chart showing Series 1 series.
Pattern Description
This is not a standard candlestick pattern. It is simply the stop loss compliment of all the confirmed bearish patterns. The conditions for the activation of the Bullish stop loss are two consecutive highs or a close above the stop loss level of a recently confirmed bearish pattern. more...
Signal History
6 mo.
12 mo.
24 mo.
Date
Price
Signal
$100⇨
5/17/201345.9800BUY 110.60
5/7/201344.9240SELL 110.82
4/18/201342.5692BUY 105.22
4/9/201342.1121SELL 105.43
4/4/201340.8880BUY 102.57
3/27/201340.9700SELL 102.78
3/20/201341.0400BUY 103.16
3/12/201339.8100SELL 103.37
1/14/201338.3600BUY 99.80
† Trade commissions taken as 0.20%.
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