UREX ENERGY CP
Weekly Commentary
Our system posted SELL CONFIRMED . The previous BUY recommendation that was confirmed was made on 03.30.2007 (14) days ago, when the stock price was 0.3000 . Since then URXE has fallen -6.67% .
SELL-IF is confirmed by a black candlestick with an equal open and a lower close. The confirmation price is taken as the previous close (0.2900) according to Rules of Confirmation.
The recent bearish pattern leading to the SELL-IF signal is confirmed this week. The market is poised for bearish action. Though the market opened higher this week, the price activity created a black candlestick that closed below the previous week's close. This is one of our valid bearish confirmation criteria.
The significant failure of the previous BUY 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.
Selling was the right move this week in order to prevent further losses, but we are sure that you may be easily cover your losses (if any) by basing your future trades on our signal system. 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 bearish tendency of the market despite the higher opening and sell your shares after making sure that the prices stay below the previous week's close.
If you sold, keep away from this stock until the confirmation of a new BUY-IF signal. What to do if you did not already sell? 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 selling your shares in the following sessions.
The market is an inviting one for short-sellers. Risk lovers may now go for short sale. The market is already moving on the side of shorts ignoring the confirmed bullish patterns.
Data provided by: End of Day Data
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SELL
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