GOLDSTONE RESOURCES INC

American BULLS.com / Daily Commentary

Our system posted a BUY CONFIRMEDtoday. The previous SELL recommendation was issued on 03.08.2011 (3) days ago, when the stock price was 0.7700. Since then GRC has fallen-.79%.
BUY-IF is confirmed by a white candlestick which has an open equal to the previous close but closing higher. The buying price is the previous close (0.6900) according to the Rules of Confirmation.

Patience pays off. The market wavered a bit but finally confirmed the recent bullish formation. The dose of the previous day was not enough for a BUY-IF confirmation but today it is. Though the market opened lower today, the day’s activity created a white candlestick that closed above the previous close. This is a valid confirmation criterion.

The market is now ready for a bullish move.

Day's Close 0.7100 Day's Open 0.6900

Previous Close 0.6900 Day's High 0.7100

Previous Open 0.7000 Day's Low 0.6400

Change +0.0200 20-Day Close M.A. 0.8240

% Change +2.90% 50-Day Close M.A. 0.8652

Volume 489,197 65-Day Volume M.A. 168,477