UBS
UBS AG ORD
Daily Commentary

Our system posted a BUY CONFIRMED today. The previous SELL recommendation was issued on 10.26.2009 (8) days ago, when the stock price was 18.0600. Since then UBS has fallen -10.08% .

BUY-IF is confirmed by a long white candlestick with a huge down-gap and a lower close. The buying price is today's close ( 16.240 ) according to the Rules of Confirmation.

The recent bullish formation leading to the BUY-IF signal is confirmed today. The market is ready for a new bullish move. Though it opened today with a big downward gap in a scary fashion, the day’s activity however created a long white candlestick still closing below the previous close. Such a long white candlestick is rare, but it is a valid confirmation criterion.

We hope that you could overcome the anxiety of the dreadful opening and you joined to the big revolt of bulls. You were supposed to watch the big downward gap, wait a while, feel the strong bullish tendency of the market and go long after making sure that this is a long white candlestick. The benchmark of this confirmation day is the closing price of the long white candlestick.

If you bought, continue to hold this stock until the confirmation of the next SELL-IF signal. You are on safe grounds as long as the future prices continue to trade above the benchmark price. What to do if you did not buy? Maybe you did not have time to follow the session 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 buying in the following sessions.

The market is currently cold for short-sellers. Avoid any short sales and cover the short positions immediately if there are any.
Data provided by: End of Day Data


BUY
CONFIRMED

16.240
-0.5400 -3.22%
Candlestick Analysis
Today’s Candlestick Patterns:
Long White Candlestick

Candlestick Pattern

Today a Long White Candlestick was formed. This shows that the prices advanced significantly from open to close during the day under strong buying pressure.
For more about this candlestick click here.