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Not Updated since 3/9/2010 5/9/2010  
 
GW.CO
GREEN WIND ENERGY ORD (Copenhagen)
Weekly Commentary

Our system posted BUY-IF . The previous SELL recommendation that was confirmed was made on 23.04.2010 (133) days ago, when the stock price was 5.6000 . Since then GW.CO has fallen -64.82% .

The BUY-IF alert is still valid. A confirmation was denied, but the pattern is not rejected yet since the past week was not a long black candlestick one. The market is currently testing your patience. Continue to do your homework by digesting all available information around.

The final judgment about the evolving pattern waits for the second week. Either the alert will be confirmed by one of the valid confirmation criteria or the bullish alert will be void and null.

We are posting daily the current confirmation status, but It is still your duty to check the confirmation criteria. Reminding briefly; a white candlestick with an upward gap, a white candlestick closing above previous week's close or a long white candlestick with a big downward gap is sufficient to confirm the BUY-IF alert though with a one week delay. Go long in any of these cases by respecting the benchmarks. In any other case, simply ignore the BUY-IF alert. This second week is the last chance we allow for confirmation. A confirmation failure renders the assumed bullish pattern totally invalid and starts the process of searching for a new pattern.

We do not yet suggest any new short positions given the bullish alert. The short sellers should consider covering their positions if the market confirms the BUY-IF signal. Otherwise, existing short positions should be carried.

 
BUY-IF
1.9700
-0.0300 -1.50%
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 1.9700
Previous Weekly Close 2.0000
Previous Weekly Open 1.9900
Change -0.0300
% Change -1.50%
Volume 1,269
 
Stock Activity
Week's Open 2.0500
Week's High 2.1300
Week's Low 1.9700
20-Week Close M.A. 3.0195
50-Week Close M.A. 6.9888
20-Week Volume M.A. 1,163
 

Two-Year Signal History
Week of          Price   Signal IDR 100
Became
23.04.10 5.600    Sell 124
12.02.10 9.550    Buy 211
22.01.10 10.400    Sell 211
08.01.10 10.600    Buy 215
04.12.09 11.400    Sell 215
20.11.09 11.300    Buy 213
25.09.09 12.700    Sell 213
11.09.09 12.900    Buy 216
13.02.09 11.900    Sell 216
09.01.09 5.500    Buy 100
15.08.08 125.00    Sell 100
 
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