DYNASTY METALS AUSTRALIA ORD ASX Weekly Commentary
"Our system posted BUY-IF today. The previous SELL recommendation that was confirmed was made on 15.04.2011 (31) days ago, when the stock price was 0.2050.
A bullish pattern has developed and a BUY-IF alert is issued. Now, the task is to confirm the validity of this bullish pattern.
If one of the three confirmation criteria is not fulfilled, or in case of a black candlestick or a doji on the confirmation week, the BUY-IF alert remains valid, however without confirmation and the three confirmation criteria are then sought in the following week. The only exception is the long black candlestick. Any long black candlestick following a BUY-IF alert makes it (the signal) void and invalid.
We do not 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."
E.
DMA Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
