ELI is silently climbing up the ladder since last week. From the lower band now to the upper band of Bollinger Band. Last two days ago we have an unconfirmed reversal from a Doji but today we have another Doji. Will it be confirmed this time? Will price go down after this or it will [...]
The Harami Cross that we have seen last Thursday that would signal a reversal wasn’t confirmed last Friday so I think more days to come with more dips. Probably there will be a rally during the day but generally this is still a downtrend. Also, the price breaks the support at the 38.2% Fibonacci Retracement [...]
Base on ELI’s chart, bears were in control during the downtrend but now a change is implied by the appearance of a doji that shows that the bulls and the bears are in equilibrium. The downward energy is dissipating. Will it now reverse? One more candlestick and it will become clearer. Also, the price is [...]
Bearish Shooting Star candlestick yesterday was followed by a big red candle on today’s closing. Not a good sign. With the JV news already considered old, our only catalyst is the SRO which doesn’t have the approval yet. Does this mean the big houses are already tired of waiting?
We might have a trend reversal tomorrow but needs confirmation by having a gap down or large red candlestick. KINGS we need your help! Don’t let the shooting star reverse the course to piso. Caveat.
Kings was unloading a lot after this Empire fly high. Two good news. The old one being the 1:1 SRO and the other one is the JV with Okada Group. What I have seen on its chart today is a breakout with a very good volume. It tried to stay at 0.9 level but there [...]
ELI’s price movement today results in another doji. So yesterday’s supposed reversal was not confirmed because it didn’t gap down nor close in red. Two dojis in a row. What does it mean? Your guess is as good as mine. Last time it reach above piso (1.14) was on 6/22/99. Last time it gives 1:3 [...]
We have already seen last June 7 how the trend reversed after we saw a gravestone doji on ELI. Today’s candlestick and its position is the same as on that day. At the opening we saw a gap up, strong rally going north but went down to close at its opening price. Do you think [...]
Empire East Land Holdings, Inc. Everything is pointing up for ELI. Volume, RSI, MACD, price trend. Will this reach piso and above? The SRO @ 1.0 I think is not yet approved by PSE. Be careful when playing this stock. Bahala na ba si Batman?
More likely to fill the gap at 0.65 – 0.66 Support is at 0.68. If breached, you may sell it and wait for upward trend that may be brought by the SRO which has no date as of now.
ELI – The Board of Directors of Empire East Land Holdings, Inc. (the “Company”) has approved a pre-emptive rights offer to holders of its common shares at the proportion of one new share for every four (4) existing common shares. The exercise price shall be at the par value of One Peso (Php1.00) per share. [...]
9:30 Got into VMC on different tranches. My average now is 1.8965. Not so bad, not so good yet. 11:26 Price of VMC now is around 1.93 12:00 VICTORIAS MILLING COMPANY, INC (VMC) breakout at 1.90 this morning. It surge up to 1.98 but wasn’t able to sustain the gain. Back to 1.92 on mid [...]