GENERAL MOTORS CORP
Weekly Commentary
Our system posted SELL CONFIRMED . The previous BUY recommendation that was confirmed was made on 08.10.2007 (21) days ago, when the stock price was 32.3000 . Since then GM has fallen -4.83% .
SELL-IF is confirmed by a black candlestick with a lower open. The confirmation price is taken as this week's open (30.870) 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. It opened this week with a gap-down and the price activity resulted in a close lower than the open. 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. You should watch the downward gap in the beginning of the week, closely monitor the current confirmation status posted daily, feel the bearish tendency of the market making sure that prices stay below the opening price and then sell your shares. Your benchmark was the opening price of the downward gap. A weakness in prices is implied as long as the prices stay below the benchmark.
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 session 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.
وهذا تحليل ويكلي لأحد المواقع المهتمه بتحليل الشموع
وانا ان شالله معكم قلبا وقلبا باذن الله واتمنى لكم كل خير مثل ما اتمناه لنفسي
لكني افضل الدخول بعد اختراق الموفنج افرج ليطمئن قلبي
