Our system posted
SELL CONFIRMED
.
The
previous
BUY
recommendation that
was confirmed was made on
20.08.2010
(19)
days
ago, when
the stock price was
1.44
. Since then
SERVE
has fallen
-2.78%
.
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 (1.42) according to Rules
of Confirmation.
Bears are getting stronger. The market hesitated a week, but finally confirmed the bearish pattern with a one week delay. Though the market opened higher this week, the price activity created a black candlestick that closed below the previous week's close. This is a valid bearish confirmation.
The slight failure of the previous BUY signal is currently confirmed, too. We closely monitor the performance of the weekly signals, but a few shots missing the target slightly are inevitable when you deal with the stock market. However, such signal failures are more unlikely for higher rated stocks.
We hope that you sold this stock. 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.