Tag Archives: Philex Mining Corp

PX touching Kijun Sen line

PX found support at Kijun Sen line but is it strong enough to become a springboard for bounce? Based on Ichimoku system, weak bullish signals are still there for PX and buying near support lines could be rewarding. Next support

Bullish Hammer confirmed?

PX showed bullish sentiment last Friday after it closed by 4.5% to 11.50 per share. Price may continue to move upwards with possibility to reach 12.40 based on recent drop which reached 127.2% Fibonacci Retracement level before the bounce last

PX showing bearishness after crossing Kijun Sen line

PX registered a bearish signal via Kijun Sen Cross yesterday. It fell by 3.3% to close at 11.84 per share. Could this lead to a fall towards 11.5x and the closing the gap at 11? The bulls need to bring

Bears trying to close the gap

Yesterday’s Dark Cloud Cover has scared the bulls away as the price continue to move downward. The 23.6% Fibonacci Retracement level that acted as a support yesterday turned out to be weak as the price easily broke it during the

Will PX be able to reach the flat Kumo?

PX went up by 29.5% the recent week and is about to touch the 38.2% Fibonacci Retracement level. We should monitor this level because this might act as strong resistance to break. Selling pressure maybe felt at this level since

PX ready to take off?

PX went up by 3.2% today after consolidating within the 9.32 – 9.48 range. The Marubozu candlestick today may suggest that PX is ready to go up as price break through the Kumo. Although Ichimoku elements are still in a

PX has landed. Is the Kumo strong enough to support the price?

After reached 10.18 per share, it has been dropping and has finally landed at the Kumo. Is it the bottom for PX? The small red candlestick that we saw last Friday could mean the bearish power is now dissipating. This

Gravestone Doji on PX

Did PX just lost steam after the rally last Friday? The candlestick today is what we called a Gravestone Doji. This is a bearish signal especially if it show up after the rally. Bulls were in control during the uptrend

PX heading for the next resistance

PX is showing some bullishness as it move up by 6.3% from previous week. The White Marubozu candlestick could be the start of a new rally for PX whose resistance lies at 10.62 or 23.6% Fibonacci Retracement level. The Senkou

Kumo Break on PX

PX continue to slowly move up and has pierced through the Kumo or Cloud today. This is another bullish signal for PX. Newly found support will be the Senkou Span and the 9.09 or the 50% Fibonacci Retracement level. If

Weak Bullish signal on PX via Tenkan Sen / Kijun Sen Cross

PX found support near the 61.8% Fibonacci Retracement level but it also near the resistance which currently prove to be strong. For two days after we saw the price crossing the Kijun Sen line, this line has stopped the price

PX still strong. Bullish signal via Kumo Break

PX is on its 3rd day winning streak and has hit the Kijun Sen line at 9.08 establishing a new support level at 8.92 per share. Will this support hold? Few months ago there has been some action going on

Bad news for Philex Mining Corp Investors

I am convinced that this year is not the year for the Mining Sector. Too many problems they are encountering. I remember early on, I was very bullish about MARC and invested a good number of shares. I was with

Bad news for PX

How is it going to affect PX price? Philex faces ‘initial’ P325-M fine for mine spill MANILA, Philippines (UPDATED) – Philex Mining Corp is set to be fined an initial P325 million for the waste spillage at its Padcal mine