Last few days ago we were looking at MA and we thought it is forming a handle for the cup (MA’s cup, lets drink to that). It seems that the handle is on development phase and have no delay as of this time. Is it going to be finished soon with a strong base? Caveat!
Looks like MA will continue to ride on the upper band and will break the resistance line soon. Today’s close shows a White Marubozu candlestick which could mean a continuation of its bullish ascend. Or will it form a handle before a steep ascent? The Cup with Handle is a bullish continuation pattern that marks [...]
It was October 10′s Dragongfly Doji that gives us a hint before we saw Angry Bulls on MA. Today we are looking at the same signal but will it give us the same reaction? Let us see if we will have a gap up at the opening or a large green candlestick tomorrow. Will there [...]
Without prior trend, our engulfing pattern can’t be a valid up or down reversal. Because of this we migh see MA going sideways. Also we notice that 0.063 has been tested many times and proves to be a strong resistance for MA. Caveat!
Not a good start for MA this week but not a bad one either. Although it moved down earlier today but it closed unchanged. For this week we are expecting MA to continue its rally. Today and last Friday, it seems that MA is resting. Doji followed by a Hammer to me means the bulls [...]
MANILA MINING CORPORATION `A` (MA) seems not finished yet. With just the first week of rally, MA still has the strength to continue but 38.2% Fibonacci Retracement level might be a wall that is hard to break. It was in the middle of the week that price went above the 38.2% level but wasn’t able [...]
MA opens below the previous price but was able to rally reaching as high as 0.061 intraday and settles at 0.059 After it made an impressive 11% advance yesterday, it only advance for 3.51% today. Volume is fewer than yesterday as the RSI climb to 67. Still at a good level. During the day it [...]
Looks like our patience on this stock has paid off. It surpassed our expectation for today. MA surge 11% today following the bullish candlestick found on our weekly chart. If it maintains its bullishness then we might have a good week ahead and the following week. Be careful to those who haven’t entered yet. A [...]
MA‘s support at 76.4% Fibonacci retracement level was thought to be strong after stopping the price to break from that level for 3 straight days but today all bears got loose making the price to plummet by 7% There was a buy signal yesterday on the RSI but it didn’t prevent the bears. Might as [...]
Looks like MA will have a technical rebound following the bounce on 76.4% Fibonacci retracement level. Previous close rest on that level after a successive dip. Will there be a continuation tomorrow or that is it? Notice that we have a buy signal on RSI. Will it be able to go past the resistance at [...]
MA (MANILA MINING CORPORATION `A`) Could this be a perfect setup for the Cupa and Handle? A break out from the handle coupled with a good volume will surely confirm the bullish trend of this stock. Caveat!