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Not Updated since 7/9/2010 8/9/2010  
 
BYAN.JK
BAYAN RESOURCES ORD (Jakarta)
Weekly Commentary

Our system posted SELL-IF . The previous BUY recommendation that was confirmed was made on 05.02.2010 (214) days ago, when the stock price was 5,600.0000 . Since then BYAN.JK has gained 62.50% .

The SELL-IF alert is still valid. A bearish confirmation however is denied. The pattern is not yet rejected since the past week was not a long white candlestick week. The market is indecisive, so keep up the good work and continue to do your homework digesting all available information around.

The final judgment about the evolving pattern waits for the second week of confirmation. This time, either the bearish alert will be confirmed by one of the valid confirmation criteria or it will be void and invalid.

We are posting daily the current confirmation status, but It is still your duty to check the bearish confirmation criteria during the week. Reminding briefly, a black candlestick with a downward gap, a black candlestick closing below the previous week's close or a long black candlestick with a big upward gap is sufficient to confirm the SELL-IF alert though with a one week delay. Sell your shares in any of these cases by respecting the benchmarks. In any other case, simply ignore the SELL-IF alert. This is the last chance we allow for bearish confirmation. A confirmation failure renders the assumed bearish pattern totally invalid and starts the process of searching for a new pattern.

The bearish alert is still valid so existing short positions should be carried. New short positions may be considered only in case of valid bearish confirmation.

 
SELL-IF
9,100.0
+150.00 +1.68%
Candlestick Analysis
Intraweek Candlestick:
White Candlestick

Candlestick Pattern


Intraweek Confirmation Status : Currently rejected.

An intraweek White Candlestick was formed. This represents normal buying pressure.
For more about this candlestick click here.


 
 
Stock Quote
Intraweek Close 9,100.0
Previous Weekly Close 8,950.0
Previous Weekly Open 8,800.0
Change +150.00
% Change +1.68%
Volume 10,305
 
Stock Activity
Week's Open 8,950.0
Intraweek High 9,200.0
Intraweek Low 8,950.0
20-Week Close M.A. 6,937.5
50-Week Close M.A. 6,187.0
20-Week Volume M.A. 39,042
 

21-Month Signal History
Week of          Price   Signal IDR 100
Became
05.02.10 5,600.0    Buy 656
08.01.10 5,650.0    Sell 656
13.11.09 5,450.0    Buy 633
23.10.09 5,800.0    Sell 633
29.05.09 3,650.0    Buy 398
08.05.09 3,100.0    Sell 398
06.02.09 890.00    Buy 114
31.12.08 960.00    Sell 114
12.12.08 840.00    Buy 100
 
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