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Updated 11/20/2009  
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EAS
EAST ASIA MINERALS CP
Weekly Commentary

Our system posted SELL CONFIRMED . The previous BUY recommendation that was confirmed was made on 11.06.2009 (14) days ago, when the stock price was 1.9000 . Since then EAS has gained 4.21% .

SELL-IF is confirmed by a black candlestick with a higher open and a lower close. The confirmation price is taken as the previous close (2.0100) according to Rules of Confirmation.

The recent bearish pattern leading to the SELL-IF signal is confirmed this week. The market is poised for bearish action. Though the market opened higher this week, the price activity created a black candlestick that closed below the previous week's close. This is one of our valid bearish confirmation criteria.

We hope that you sold this stock. Your important benchmark was the previous week's close. You were supposed to watch the sessions during the week carefully, closely monitor the current confirmation status posted daily, feel the bearish tendency of the market despite the higher opening and sell your shares after making sure that the prices stay below the previous week's close.

If you sold, keep away from this stock until the confirmation of a new BUY-IF signal. What to do if you did not already sell? 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 selling your shares in the following sessions.

The market is an inviting one for short-sellers. Risk lovers may now go for short sale.

Data provided by:  End of Day Data

 
SELL
CONFIRMED
1.9800
-0.0300 -1.49%
Candlestick Analysis
This Week's Patterns: Black Spinning Top
Candlestick Pattern


This week a Black 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 1.9800
Previous Weekly Close 2.0100
Previous Weekly Open 2.1500
Change -0.0300
% Change -1.49%
Volume 2,352,766
 
Stock Activity
Week's Open 2.0300
Week's High 2.0900
Week's Low 1.8500
20-Week Close M.A. 2.0880
50-Week Close M.A. 1.1278
20-Week Volume M.A. 4,570,025
 

Two-Year Signal History
Week of          Price   Signal $100
Became
11.20.09 2.010    Sell   1,634
11.06.09 1.900    Buy 1,545
10.02.09 2.460    Sell 1,545
05.08.09 0.4900    Buy 308
04.09.09 0.5000    Sell 308
03.13.09 0.4300    Buy 265
02.20.09 0.6400    Sell 265
02.06.09 0.3000    Buy 124
01.23.09 0.2300    Sell 124
11.14.08 0.1600    Buy 86
07.18.08 1.100    Sell 86
05.09.08 1.500    Buy 118
03.20.08 1.800    Sell 118
12.07.07 1.200    Buy 78
11.23.07 1.600    Sell 78
09.07.07 2.040    Buy 100
08.17.07 2.000    Sell 100



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