Last Pattern: BEARISH STOP LOSS
Signal Update
Our system’s recommendation today is to STAY LONG . The previous BUY recommendation was issued on 7/25/2013, 5 days ago, when the stock price was 0.0073. Since then MCIC has fallen by -16.44% .
Market Outlook
The immediate danger is over but not enough to relax now. The bears that triggered the bearish stop loss are at the door and the bulls are struggling not to yield their ground.
SHORT is a dangerous signal. Sudden increases in prices can lead to huge losses. For this reason stop loss levels must be kept in mind at all times and
SHORT orders must never be placed without a stop loss.
Pattern Description
This is not a standard candlestick pattern. It is simply the stop loss compliment of all the confirmed bullish patterns. The conditions for the activation of the Bearish stop loss are two consecutive lows or a close below the stop loss level of a recently confirmed bullish pattern.
http://www.americanbulls.com/SignalPage.aspx?...icker=MCIC
Market Outlook
SHORT is a dangerous signal. Sudden increases in prices can lead to huge losses. For this reason stop loss levels must be kept in mind at all times and SHORT orders must never be placed without a stop loss.
Pattern Description
This is not a standard candlestick pattern. It is simply the stop loss compliment of all the confirmed bullish patterns. The conditions for the activation of the Bearish stop loss are two consecutive lows or a close below the stop loss level of a recently confirmed bullish pattern.
http://www.americanbulls.com/SignalPage.aspx?...icker=MCIC