Rebels
Yes there is hesitation right now but the bigger picture of PDP seems better now then CLL's though there is also indecission right now but the chance to go up IMO is greater.
3.40 is the resistance right now so again we touched yesterday that level.
I took the risk to sell an move to PDP.CLL IF they move up will face resistance at 1.5 .PDP can double if the test are ok .
These small charts are only based on a few candlestick patterns and it's also interesting to look to the bigger picture + the facts and news what the companies are doing .PDP seems better of right now and the bids are rising for their part in Argentinia while CLL has now a lot more shares ,no news what they are gonna do ,etc.There need many things to clear out first .
| Candlestick Analysis |
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Today’s Candlestick Patterns:
Black Spinning Top
Bearish Meeting Lines
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Today a Black Spinning Top was formed. This represents complete indecision between the bulls and the bears.
For more about this candlestick click here.
The last two candlesticks formed a Bearish Meeting Lines Pattern . This is a bearish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation.
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| PETROLIFERA PETROLEUM LTD |
Daily Commentary
Our system posted a HOLD today. The previous BUY recommendation was issued on 06.01.2009 (7) days ago, when the stock price was 2.5100. Since then PDP has gained 33.07% .
Our advice today is simple and clear. Hold your stocks and wait for a new signal.
Do not bother yourself with further buying and selling as long as the HOLD tag stays.
Data provided by: End of Day Data
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| Candlestick Analysis |
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Today’s Candlestick Patterns:
High Wave
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Today a High Wave was formed. This implies a loss of sense of direction and that there is a great amount of indecision in the market.
For more about this candlestick click here.
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