Oct 22, 2014 - MCP, Stock Analysis    No Comments

Will it close the gap?

MCP closed the first gap today. Will it continue to move up and close the next gap? The ascend was stopped by the Kijun Sen line today and while Ichimoku elements are still in a bullish setup, we might see a weak bearish signal if Tenkan Sen line will cross the Kijun Sen line from [...]

Oct 22, 2014 - LRW    No Comments

Bears are not giving up yet

While LRW have broken the resistance, bears are not yet done. The candlestick today suggests that bears are still there. LRW went up as high as 3.05 but retraces and closed at 2.90 forming a Shooting Star candlestick. If price tomorrow will close 2.75 or below then we will see a confirmation of the bearish [...]

Oct 21, 2014 - AR, Stock Analysis    No Comments

Where to break after consolidating?

Looks like AR is consolidating inside a triangle. The slope acting as the resistance while Kijun Sen line is acting as support. Who will win? Is it the bulls or the bears? For now its a wait and see but it should not take a long time for us to see which direction price will [...]

Oct 20, 2014 - LRW, Stock Analysis    No Comments

Trying to break resistance for the 4th time

LRW has been trying to break the 2.75 per share resistance but failed. Today is the 4th day of trying. Will the bulls finally give in to the bears? In case that will happen, the immediate support is at 2.58 per share. Ichimoku elements are still in bullish setup. It just need some push and [...]

Oct 20, 2014 - EDC, Stock Analysis    No Comments

EDC hit Kijun Sen line

EDC has bounced from 7.05 per share last week. It closed today at 7.6 per share hitting the Kijun Sen line that acted as immediate resistance. Will EDC be able to break that? Ichimoku elements showing weak bearish signal last week but it could recover if price will go up and close above Kijun Sen [...]

Oct 16, 2014 - LRW, MARC, MCP, PGOLD, Stock Analysis    2 Comments

Updates on some stocks 10/16/2014

AC – Showing indecision via Doji candlestick at support area created by the Kumo. This could be a start of the bounce if there is confirmation tomorrow. AEV – Strong move going up for AEV as Kijun Sen line at 52.9 attracts the price. Will Tenkan Sen be able to resists the bulls? ALI – [...]

Oct 14, 2014 - PCOMP, Stock Analysis    No Comments

Update on PSEi 10/14/2014

PSEi is down by 0.3% today with intraday low at 6896.47 The immediate support seen at 6922.17 or 61.8% Fibonacci Retracement level has been tested today. Looks like the bearishness brought yesterday by the sellers has dissipated. Is it about to bounce? The Kumo or cloud is also supporting the price not to go down [...]

Oct 8, 2014 - RWM, Stock Analysis    No Comments

Hammer seen on today’s chart

RWM fell as low as 9.20 per share today but was able to make a come back at the closing forming a Hammer candlestick. Will RWM bounce at this stage? The 23.6% Fibonacci Retracement level has so far managed to support the price. The gap was also filled today so traders are now anticipating a [...]

Oct 8, 2014 - AR, Stock Analysis    No Comments

Kijun Sen line attracts AR’s price

The magnetic power of Kijun Sen has brought the price of AR to 0.0065 per share as it dropped by 13.3% today. This line will become our immediate support. If we will see a bullish candlestick setup then we can test buy but if it will continue to fall and cross the Kijun Sen line, [...]

Oct 7, 2014 - AP, Stock Analysis    No Comments

Almost done with the cup

Last September 17 we saw AP forming a cup and so far it has been steady in doing so. Now it is about to hit 42, will it retrace to form the handle? Ichimoku elements are still in a bullish position but our last candlestick is a Doji which means indecision and if it will be [...]