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Updated 11/20/2009  
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NOT
NORONT RESOURCES LTD
Weekly Commentary

Our system posted BUY CONFIRMED . The previous SELL recommendation that was confirmed was made on 10.30.2009 (21) days ago, when the stock price was 1.7400 . Since then NOT has gained 31.61% .

BUY-IF is confirmed by a white candlestick with a lower open and a higher close. The confirmation price is taken as the previous close (1.5800) according to Rules of Confirmation.

Patience pays off. The market wavered a week but finally confirmed the recent bullish formation. The dose of the previous week was not enough for a BUY-IF confirmation but this week it is. Though the market opened lower this week, the price activity created a white candlestick that closed above the previous week's close. This is a valid confirmation criterion. The market is now ready for a bullish move.

The significant failure of the previous SELL signal is unfortunately confirmed too. Our shot went away this time. It is not possible to deal with all the vagaries of the stock market. The signal system, however, continues to do an excellent job in the overall despite such failures. This can be seen easily with a quick glance to the signal history table.

We hope that you acted quickly and already bought this stock and still have a chance to profit from the later phase of the bullish attack. 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 bullish tendency of the market despite the lower opening, and go long after making sure that the prices stay over the previous week's close.

If you bought, continue to hold this stock until the confirmation of the next SELL-IF signal. You are on relatively 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 and still profit in case of a sustained bullish move.

The market is currently cold for short-sellers. Avoid any short sales and cover the short positions immediately if there are any. We erred significantly on the short side last time, but we are sure that you may be easily cover your losses (if any) by basing your future trades on our signal system.

Data provided by:  End of Day Data

 
BUY
CONFIRMED
2.2900
+0.7100 +44.94%
Candlestick Analysis
This Week's Patterns: Long White Candlestick
Candlestick Pattern


This week a Long White Candlestick was formed. This shows that the prices advanced significantly from open to close during the week under strong buying pressure.
For more about this candlestick click here.


 
 
Stock Quote
Week's Close 2.2900
Previous Weekly Close 1.5800
Previous Weekly Open 1.6500
Change +0.7100
% Change +44.94%
Volume 15,557,570
 
Stock Activity
Week's Open 1.5600
Week's High 2.4400
Week's Low 1.4700
20-Week Close M.A. 1.8560
50-Week Close M.A. 1.2126
20-Week Volume M.A. 10,437,504
 

Two-Year Signal History
Week of          Price   Signal $100
Became
11.20.09 1.580    Buy   13,015
10.30.09 1.740    Sell 13,015
10.09.09 1.590    Buy 11,893
09.04.09 2.050    Sell 11,893
07.17.09 0.6200    Buy 3,597
05.08.09 0.8300    Sell 3,597
03.13.09 0.7100    Buy 3,077
01.30.09 1.150    Sell 3,077
12.19.08 0.4800    Buy 1,284
08.08.08 3.360    Sell 1,284
07.18.08 2.960    Buy 1,131
11.16.07 5.620    Sell 1,131
10.19.07 4.930    Buy 993
10.05.07 3.970    Sell 993
08.31.07 0.4000    Buy 100



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