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Search Stock |
Not Updated since
9/3/2010
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9/6/2010
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TENARIS SA ADS
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Weekly
Commentary
Our system posted
BUY CONFIRMED
.
The
previous
SELL
recommendation that
was confirmed was made on
07.02.2010
(63)
days
ago, when
the stock price was
37.3300
. Since then
TS
has fallen
-2.84%
.
BUY-IF
is confirmed by
a white candlestick with a lower open and a
higher close. The confirmation price is taken
as the previous close (34.340) according to Rules
of Confirmation.
Patience pays off. The market wavered a week but finally confirmed the recent bullish formation. The dose of the previous week was not enough for a BUY-IF confirmation but this week it is. Though the market opened lower this week, the price activity created a white candlestick that closed above the previous week's close. This is a valid confirmation criterion. The market is now ready for a bullish move.
We hope that you acted quickly and already bought 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 bullish tendency of the market despite the lower opening, and go long after making sure that the prices stay over the previous week's close.
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 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 buying in the following sessions.
The market is currently cold for short-sellers. Avoid any short sales and cover the short positions if there are any.
Data provided by: End
of Day Data
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Candlestick Analysis
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This Week's Patterns:
White Candlestick
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This week
a
White Candlestick
was formed.
This represents normal buying pressure.
For more about this candlestick click
here.
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Stock Quote
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|
Week's Close
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36.270
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Previous Weekly Close
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34.340
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| Previous Weekly Open |
35.400
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| Change |
+1.9300
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| % Change |
+5.62%
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| Volume |
6,327,906
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Stock Activity
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| Week's Open |
33.890
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|
Week's High
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36.520
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Week's Low
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33.390
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| 20-Week Close M.A. |
37.491
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| 50-Week Close M.A. |
39.976
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| 20-Week Volume M.A. |
10,969,771
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Two-Year
Signal History |
|
Week of |
Price |
Signal
|
$100
Became |
|
09.03.10
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34.340
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Buy
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|
139
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07.02.10
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37.330
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Sell
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139
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05.28.10
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36.680
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Buy
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|
137
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01.29.10
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45.060
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Sell
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137
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01.15.10
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46.400
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Buy
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|
141
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11.27.09
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40.630
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Sell
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141
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10.16.09
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38.360
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Buy
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|
133
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10.02.09
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34.920
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Sell
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133
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09.18.09
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32.600
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Buy
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124
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09.04.09
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29.460
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Sell
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124
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07.24.09
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28.400
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Buy
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120
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07.02.09
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26.980
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Sell
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120
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03.20.09
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18.760
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Buy
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83
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12.26.08
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20.660
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Sell
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83
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12.12.08
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19.710
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Buy
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79
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11.21.08
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22.070
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Sell
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79
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11.07.08
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20.590
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Buy
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|
74
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10.03.08
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39.560
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Sell
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74
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08.29.08
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53.350
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Buy
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|
100
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07.18.08
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67.620
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Sell
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100
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Disclaimer |
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