Posts Tagged ‘pse stocks’
Head Turner
Monday, October 20, 2008 7:28 No CommentsThanks to a member of Absolute Traders for pointing this out to us. I was too fixated on the one year chart that I didn’t notice that TEL has formed what seems to be a head and shoulders pattern.
This is now a secularized pattern since this was formed over a year, so don’t expect the [...]
RLC
Tuesday, October 14, 2008 18:32 No CommentsThis stock has created a very clear breakout/resistance line.
MACD has been hovering at the 0 level for a couple of months now.
Take note of setups of this kind as you’ll get very obvious (buy or sell) signals. All this one needs is regular monitoring and enough discipline to pull the trigger once it makes its [...]
BDO
Tuesday, October 14, 2008 18:32 No CommentsAnother clear trading channel, only downward this time.
The gap formed last Sept 16 still needs to be broken.
There’s a very big upside for those who will be patient enough.
Buy at: 42
Target Price: 52
Cut Loss: 40
Potential Gain: 24%
Potential Loss: -5%
Reward-to-Risk Ratio: 5
BPI
Tuesday, October 14, 2008 18:31 No CommentsI’m reiterating the breakout call last Sept. 26. There are a lot of gaps waiting to be closed though (in other words, a lot of sellers waiting to unload their stocks).
Wait.
Buy at: 49
Target Price: 57
Cut Loss: 48
Potential Gain: 16%
Potential Loss: -2%
Reward-to-Risk Ratio: 8
JFC
Tuesday, October 14, 2008 18:30 No CommentsOne of the few stocks whose MACD lines stayed on positive territory during last week’s market free fall. Is this just because the price was falling from a higher “cliff” than the rest? Regardless, what I know is that this fall helped create a very obvious resistance line (Apr. 2007 and Sept. 2008 peaks).
[...]
PX
Tuesday, October 14, 2008 17:46 No CommentsPrice has been dancing the Hawaiian hula since April 2008.
Clear resistance and support lines.
Be courteous enough to wait for the dancers to finish.
Breakout at 7.80. Moving average lines are in a bullish setup. Check volume.
Buy at: 7.80
Target Price: 9.80
Cut Loss: 7.60
Potential Gain: 26%
Potential Loss: -3%
Reward-to-Risk Ratio: 10





