Saturday, June 16, 2018
Thursday, June 14, 2018
US Dollar Philippine Peso (USDPHP) - Forecast 55.00 to - 57.00
The US Dollar Philippine Peso (USDPHP) is forecasted to go up to 55 to 57 level for the completion of a Bearish Bat Harmonic Pattern.
Sunday, June 10, 2018
Chart Paint Louder Than Words No. 3 - Cemex Holdings Philipppines Inc. (CHP)
Chart Paint Louder Than Words No. 3 - June 10, 2018
Stocks
Cemex Holdings Philipppines Inc. (CHP)
Last Price: 3.33
Technical Analysis:
- Completed a Bullish Alternate 127.2% ABCD Harmonic Pattern
Cemex Holdings Philipppines Inc. (CHP)
Last Price: 3.33
Technical Analysis:
- Completed a Bullish Alternate 127.2% ABCD Harmonic Pattern
Trading Plan:
- Recommendation : Buy at Current Price or Lower
- Target Price 4.22
- Stop Loss : Below 3.00
- Resistance levels are at 3.50,3.90 and 4.20
- Support levels are at 3 and 2.90
DISCLAIMER
As always, it is essential that anyone using this analysis for trading advice manages risk carefully. Trading is about probabilities, not certainties. Accept that this analysis may be wrong. It is impossible for any analyst to predict with certainty what a market will do next.
- Recommendation : Buy at Current Price or Lower
- Target Price 4.22
- Stop Loss : Below 3.00
- Resistance levels are at 3.50,3.90 and 4.20
- Support levels are at 3 and 2.90
DISCLAIMER
As always, it is essential that anyone using this analysis for trading advice manages risk carefully. Trading is about probabilities, not certainties. Accept that this analysis may be wrong. It is impossible for any analyst to predict with certainty what a market will do next.
Sunday, June 3, 2018
Chart Paint Louder Than Words No. 2 - MRC Allied, Inc. (MRC)
Chart Paint Louder Than Words No. 2 - June 2, 2018
Stocks
MRC Allied, Inc. (MRC)
Last Price: 0.62
MRC Allied, Inc. (MRC)
Last Price: 0.62
Technical Analysis:
- Completed a Bullish ABCD Harmonic Pattern
Trading Plan:
- Recommendation : Buy at Current Price or Lower
- Target Price 1- (0.69) : 2-(0.75) : 3-(0.85)
- Stop Loss : Below 0.57
- Resistance levels are at 0.65, 0.67 and 0.69
- Support levels are at 0.60, 0.59 and .057
- Target Price 1- (0.69) : 2-(0.75) : 3-(0.85)
- Stop Loss : Below 0.57
- Resistance levels are at 0.65, 0.67 and 0.69
- Support levels are at 0.60, 0.59 and .057
DISCLAIMER
As always, it is essential that anyone using this analysis for trading advice manages risk carefully. Trading is about probabilities, not certainties. Accept that this analysis may be wrong. It is impossible for any analyst to predict with certainty what a market will do next.
Saturday, June 2, 2018
Chart Paint Louder Than Words No. 1 - Philippine Stock Exchange Index (PSEi)
Chart Paint Louder Than Words No. 1 - June 2, 2018
Stocks
Philippine Stock Exchange Index (PSEi)
Last Price: 7630.26
Technical Analysis:
- Price Return to Uptrend Line (Trendline almost 7 years)
- Completede a Bullish Reciprocal ABCD
- Supported by the 61.8% Fibonacci Retracement Level
- Bullish Divergence
- Volume Above 20 Day Moving Average
Trading Plan:
- Recommendation : Sell into Rallies/Lighten Your Position
- Resistance levels are at 7700, 7839 and 8076
- Support levels are at 7484, 7254 and 7050
Stocks
Philippine Stock Exchange Index (PSEi)
Last Price: 7630.26
Technical Analysis:
- Price Return to Uptrend Line (Trendline almost 7 years)
- Completede a Bullish Reciprocal ABCD
- Supported by the 61.8% Fibonacci Retracement Level
- Bullish Divergence
- Volume Above 20 Day Moving Average
Trading Plan:
- Recommendation : Sell into Rallies/Lighten Your Position
- Resistance levels are at 7700, 7839 and 8076
- Support levels are at 7484, 7254 and 7050
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