NEOMEDIA TECHNOLOGY
Daily Commentary
Our system posted a BUY-IF today. The previous SELL recommendation that was confirmed was made on 11.24.2004 (14) days ago, when the stock price was 0.1600. Since then NEOM has fallen -10.00% .
The previous BUY-IF alert was not confirmed, but we have a new bullish pattern. Maybe this is finally the right time to buy! We will see. Now, first check what happened at after hours trading and future values. Then, follow the next session very carefully and be on your toes. This candlestick pattern is a bullish one, but we have to see whether it will be confirmed or not.
Do you see a gap-up at the market open? Do you see a white candlestick forming with a higher close at the session's end? Shortly, is it a nice bullish day? If so, place your buy orders and open new long positions. The market is now on the bull side.
But, be careful, also. If you see a gap-down when the market opens, or if the session closes with a bearish sentiment producing a black candlestick characterized by a lower close, do not challenge the market. Ignore the BUY-IF alert. Cancel the buy orders and cover any new long positions that you might have opened. Bears are still in control.
[MOTTO OF THE DAY]
The bulls seem stronger this time
Better take seriously the buy-if sign
BUY-IF
0.1440
+0.0040 +2.86%
Candlestick Analysis
Today’s Candlestick Patterns:
Doji
Bullish Harami Cross
Today a Doji was formed. This shows indecision about the direction of the market and it represents a tug-of-war between buyers and sellers.
For more about this candlestick click here.
The last two candlesticks formed a Bullish Harami Cross Pattern . This is a bullish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation.
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