Our system posted a BUY CONFIRMED today. The previous SELL recommendation was issued on 10.10.2012 (26) days ago, when the price was 0.0160. Since then HRL.AX has gained 25.00% .
BUY-IF is confirmed by a white candlestick with a higher open. The buying price is today's open ( 0.0180 ) according to the Rules of Confirmation.
The recent bullish formation leading to the BUY-IF signal is confirmed today. The market seems ready for a new bullish move. It opened today with a gap-up and the day’s activity resulted in a close higher than the open. This is one of our valid confirmation criteria.
The significant failure of the previous SELL signal is unfortunately confirmed too. Our shot went away this time. It is a fact that such signal failures are more unlikely for higher rated stocks, but 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 bought this and still have the chance to profit from the later phase of the bullish attack. Today you were supposed to watch the upward gap in the opening, wait a bit, feel the bullish tendency of the market making sure that prices stay over the opening price and then go long. Your benchmark was the opening price of the upward gap.
HRL Price at posting:
2.0¢ Sentiment: LT Buy Disclosure: Held
