Just telling it how it is, PT. Basic Dow theory dictates that you can't have an "unequivocal buy" recommendation in the absence of confirmation from volume increase or other indicators as mentioned.

You guys are hard to please - I get stick for "early" posts and I get stick for "late" posts! I can't win!

PT's reference to the use of a 5% stoploss is probably tongue-in-cheek, but even that would be better than no exit strategy at all - and of course you can do a lot better than using a simple fixed percentage. Stocks vary tremendously in their volatility and to use the same value stoploss for all is misguided. A more logical approach is to place your stop just beneath recent support. I have written more about this topic here, should anyone be interested.