Archive for June, 2009
There’s nothing interesting to see in TBGI if you consider its long term chart but there’s an opportunity to make money from this in the short term.
Let’s start with a bit of a recap on this stock. From April of this year, it started to climb from 2.6 low to a high of 3.45 then [...]
Let’s not ignore the GEMINI stocks: GEO, MIC and NI. When there’s basura there’s pera.
Ok, less talk, more charts.
Retraced to 61.8%. if you’re holding this watch out for the potential reversal zone between 0.69 and 0.73.
T: 0.93 (how about piso?)
Like its brother GEO, it retraced to 61.8%. Potential reversal is between 3.1 and [...]
The PSEi did its best to give all participants a chance to enjoy the recent runup. Based on last Friday’s performance, that was the time for most to get out.
If you notice, I’ve placed a horizontal line on the chart since weeks back. This would serve as another resistance when the index rallies. True enough, [...]
As we expected last week, the DJIA could not bring itself to higher levels.
The index has been flirting with the 200-day moving average but has not been able to break free from it. By this coming week, it has to decide where it wants to go as it is now caught in between the 50MA [...]
As expected, the PSEi tested the primary resistance but corrected immediately from it.
It actually took its cue from the DJIA as it also corrected substantially in a short span of time. What the local index needs to do now is to rally back to bring some relief to all investors and traders but at the [...]
DJIA acted like the little engine that could…or was it the little engine that couldn’t?
From what we have seen, the index backed off from its recent high of around 8700 and has been correcting since then.
The one thing noticeable was that it is the 200-day moving average that is preventing the DJIA to continue moving [...]
The DJIA has continued its sideways movement while staying above the 200-day moving average.
It may look resilient at first glance. However, I don’t trust the movement as the volume has been declining since May.
The other thing that makes this resiliency suspicious is that there’s a bearish divergence now in the MACD.
Since this is what is [...]
Well, look what the cat dragged in. While the PSEi was busy creating recent highs, it was making a lot of people happy. What few noticed was that it was also testing the primary resistance line.
Right smack at 2598, the index met the irresistible force. The question now is, how strong is the PSEi’s movement? [...]
The end of the bearish market is near. At least that’s what our chart is telling us.
There have been numerous signs telling us beforehand that things were looking up. The rise of the PSEi above the 3 moving averages is one. The probable reversal pattern (rounding bottom) is another.
The past few days’ movement had the [...]
The DJIA has really been resilient and that’s given a lot of people something to cheer about…even if it’s only temporary.
The first thing that we noticed is that the shorter term resistance has already been broken and that the green days have been more regular than the last few months. Due to this, many have [...]