Just be careful nalang as for now, I am not seeing a positive momentum as MACD line is still flat and ADX line still below 20. Caveat!
Sunday, December 11, 2011
DMC - DMCI Holdings Inc.
DMC making lower highs and higher lows last 10/25/2011 to 12/8/2011 forming a symmetrical triangle pattern. Last 12/9/2011, price closed above the descending resistance line. Breakout from the triangle? Let's see... Still needs confirmation. Immediate resistance is at 40. If it breaks out from that level, it will move to the triangle's target price which is above 42. Major resistance I see is at 43.
Just be careful nalang as for now, I am not seeing a positive momentum as MACD line is still flat and ADX line still below 20. Caveat!
Just be careful nalang as for now, I am not seeing a positive momentum as MACD line is still flat and ADX line still below 20. Caveat!
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hello Sir,
ReplyDeleteCan you please feature DMC in your blog...it has already broken the said resistance ....what's next for this? going for the all time high of 48++? thank you - Antonio
hi antonio, i saw a continuation pattern last week and target price nung is just above 46... if it breaks 46... retest its previous high at 48
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