EDC (Energy Development Corporation)

[yeahbah]

edc.png (88.85 KiB) Viewed 3414 times

[yeahbah]

sir yeahbah, ano tingin mo sa chart, is it a bearish pennant? but yesterday close remained strong at 3.90 and volume seems to be increasing. MACD is also trying to make a reversal, tila magcross again ang fast line over the slow line soon and both are still on the positive territory
same TP pa rin ba ang nakikita mo at 4.2 and downside of 3.25?
about the chart, do you consider it a good retracement from a rounding bottom? which could mean a possible leap over the 4.45 level on the next several days? TNX

I no longer use indicators pards kaya can't answer your queries about MACD.

As far as price action goes, like my tp here is 4.2 as per my chart above. It's possible that it may retest the recent high at 4.5, chicken lang ako kaya 4.2 lang. I did not take this trade because I don't find the risk/reward ratio appealing. The last two candles is not so good na rin, liit eh.

In any case, EDC is a buy on pullback. At what price? I'm not sure. Kapag nag pullback saka natin malalaman kung san magandang price pumasok. Candidate na yung 3.65.

Sakali namang lumagpas ng 4.5, sell or take profit area ko ay betwee 3.85 and 5.3.

edc-1.png (94.5 KiB) Viewed 3396 times

[yeahbah]

edc1051609.png (86.17 KiB) Viewed 3268 times

[tarantrader]

Tingin ko isa pa itong cup & handle in the making. Malinaw na ang cup. Yung handle na lang.

[drpama]

Agree again Guru for the "Cup and Handle"! Lahat na lang laging cup. Kailan kaya malalagyan ng kape ang cup ko????

[tarantrader]

Kung nagmura na si Starbuko

[rklibre]

Doc,

Sagot ko 3 in 1 coffee mo .haha. Goodluck!

Ramir

[IamNoel]

Newbie question, what's a cup?

Is that a BUY or SELL indicator?

[tarantrader]

Newbie question, what's a cup?

Is that a BUY or SELL indicator?

IamNoel,

Have you attended day 3 of our seminar? Your question would be answered in that session.

[IamNoel]

Oh, sorry, I don't.

Requirement po ba sumama sa seminar nyo muna, bago maging member dito? newbie lang po eh


Maybe those who attended the seminar can share their thoughts on this please?