MBT had a good rally today with 3.16% advance at the closing. It closes at the highest price of the day. Looks like no bears are around. Looking at the chart, we could see it broke out from the rectangle formation. The rectangle is a classical technical analysis pattern described by horizontal lines showing significant [...]
LR made a good rally yesterday as it went up as high as 9.4 and settled 4.13% to 9.33 Looking at the daily chart it looks like a breakout from the resistance at 9.29 Is this going to continue to rally today? Immediate support is now at 9.29 (previous resistance). Should it go up, next [...]
Looks like ALI doesn’t want to rest (Rest before striking again) during the window dressing week. It broke the resistance which now becomes our support. Lets us see how strong the support will be. MACQUARIE as top buyer but also the top seller. Caveat!
Have we seen a breakout from the triangle for MJC? It’s one of the few stocks that went up today but does it have the bullish sentiment or its just being played by some groups? Hmm I smell a potato chips burning. Just quick to jump if something will happen tomorrow. Of course I am [...]
Its been a while the last time I checked on DFNN and decided to just leave this one until today when I saw a price move. There was a breakout from triangle but one ingredient is missing. VOLUME. Yes volume is still very thin but who knows some traders might pick this therefore creating a [...]
After testing the resistance level of AGI, the price down. Let us see what will happen tomorrow. There is no signal for this to go down deeper. Most of the buyers were happy as most sellers settle for 11.38 price to sell
CPG’s second attempt to breakout from the triangle. Its previous attempt was last July 13 when it close 4.86% to 1.51 Today it close 3.45% to 1.50 Comparing the volume of the two breakouts, today is 2 times higher. Prepare for take off.. if it will
Watch out for CALATA. How long will it consolidate? Nieves lay low today but price did not went that low and price is unchanged at the closing.
Two days in a row CAL tried to break from the triangle but failed. Up projection is still intact and it may try to do a breakout tomorrow. Or will it break its support instead? Tomorrows resistance at 10.11 and 10.49 Support at 9.54 and 9.35
Are we seeing a flag formation here? From its pole we may say it will reach 5 pesos. Too good to be true? This is not for the faint of heart. Caveat!
Its candlestick today suggests it might reverse its trend from uptrend to downtrend. This suggestion still needs confirmation by a gap down at the opening or a red candlestick. I will welcome a pullback at this stage as it might now form a handle for our cup. The handle represents the final consolidation/pullback before the [...]
DFNN (DFNN, INC.) This stock has already broken out from the flag formation last week. Today it continue to move up. Will there be another rally tomorrow? Volume is not so impressive. Maybe the jockey is still busy pumping up Calata price? Supports at 6.69 and and 6.53 while resistance at 6.98 and 7.11
Calata opened with a small gap up but closed 23.62% to 12.30 A breakout from the falling wedge with a good volume. Are you going to join the train or be left behind? Is it going to continue to go north? Without the rumored investigation, I think it will have a good rally tomorrow. Caveat [...]