SFI (SWIFT FOODS, INC.)

[bushfiredmx]

Mga Bossing, any takes po on SFI? Mukha pong rounding bottom yung itsura, and if you take into account yung trading yesterday, potential Flag po ba ito?

Wala po kong pang paste ng graph kaya di ko malagay! Hehehe!

Greatly appreciate your insights on this.

[tarantrader]

Here it is, comments to follow.

[tarantrader]

Does it look like a reversal? Yes I think so. But look at all the holes it made on the way down. That's not attractive.

Is it a flag? NO. If a flag is supposed to be bullish then the pole shouldn't be going down.

[betheone]

Eto yung nakita ko kaninang umaga na mejo kumita ng pang KFC hehe sayang di ko nabantayan nung bumaba after mag post si Sir T ng analysis nya. Kaya dapat, be vigilant

[bulee]

^ABCD is a reversal pattern, tama po ba?

so expectation is, if .33 would not be taken out strongly, trend could reverse na?

[betheone]

bulee, not really. I mean the AB=CD pattern can occur during a long uptrend with occassional retracements. But after completing an AB=CD pattern, it would hit a potential reversal zone which in most cases, the price respects. But as always, price is king so it may violate the AB=CD pattern and continue rising.

If .33 is not broken, yes it can retrace. Meaning, prices will go down a little but the overall trendline can still be upward.

[bulee]

thanks for the clarification. i thought, a completed ab=cd could mean a trend reversal is about to occur.

[betheone]

No prob. For me, trend reversals are still indicated by the basic reversal patterns like head and shoulders, double tops and bottoms, etc. or the breakdown from the trendline.

[betheone]

Ang tindi ng retracement! Muntik na ma hit yung point of no return in just one day! Ganun ka-delikado ang mga stock na ganito.