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AR_
Archipelago Resources PLC
Weekly Commentary

Our system posted BUY-IF . The previous SELL recommendation that was confirmed was made on 25.06.2010 (76) days ago, when the stock price was 46.0000 . Since then AR_ has fallen -20.11% .

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
36.750
-0.2500 -0.68%
Candlestick Analysis
Intraweek Candlestick:
Black Spinning Top

Candlestick Pattern


Intraweek Confirmation Status : Currently rejected.

An intraweek Black Spinning Top was formed. This represents complete indecision between the bulls and the bears.
For more about this candlestick click here.


 
 
Stock Quote
Intraweek Close 36.750
Previous Weekly Close 37.000
Previous Weekly Open 37.750
Change -0.2500
% Change -0.68%
Volume 87,500
 
Stock Activity
Week's Open 37.250
Intraweek High 37.500
Intraweek Low 36.750
20-Week Close M.A. 41.400
50-Week Close M.A. 35.280
20-Week Volume M.A. 1,159,303
 

Two-Year Signal History
Date          Price   Signal £100
Became
25.06.10 46.000    Sell 875
28.05.10 47.000    Buy 894
19.02.10 35.000    Sell 894
05.02.10 34.750    Buy 888
22.01.10 36.000    Sell 888
11.12.09 25.250    Buy 623
25.09.09 27.000    Sell 623
11.09.09 21.250    Buy 490
21.08.09 22.000    Sell 490
29.05.09 9.250    Buy 206
17.04.09 10.000    Sell 206
20.02.09 3.250    Buy 67
30.01.09 4.130    Sell 67
24.12.08 2.880    Buy 47
31.10.08 10.250    Sell 47
15.08.08 21.500    Buy 98
27.06.08 23.750    Sell 98
13.06.08 24.250    Buy 100



 
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