Support I see is at 4.89 down to 4.78 muna...
http://coffeechart.blogspot.com/2012/01/03jan-stock-updates.html
http://coffeechart.blogspot.com/2012/01/01jan-bel-bell-corporation.html
Disclaimer: This is my personal technical analysis on this stock. It is not my intention to give a buy or sell advise. Trade at your own risk
Sold Bel too... 5.18..... thank you sa chart. Planning to open position sa 20 and 50DMA.
ReplyDeleteWhat do you think of ORE? about to break out na! been accumulating below 4.00... any thoughts?
TIA.
congrats aga sa profit mo kay Bel. isama mo na din yun 200dma as support baka mag bounce din dun masyado pa mababa yung 5dma. hehe. Re ORE... i don't know ano balak ng jock dito pero may namumuong pattern dito... if you have this below 4 okay pa... stop loss is somewhere at 3.80
ReplyDeleteI have a question - so it seems that the various signals produced by technical analysis. i.e. the golden crossing, bullish engulping pattern - is not 100% percent accurate. - What would be the strategy for a technician? Just buy all the ones that generates a buy signal and hope something sticks? then pyramid on the winners?
ReplyDeletehi nezha, that's correct. let me quote yung definition about TA. "Technical Analysis is the forecasting of future financial price movements based on an examination of past price movements. Like weather forecasting, technical analysis does not result in absolute predictions about the future. Instead, technical analysis can help investors anticipate what is "likely" to happen to prices over time". TA helps me know if there is a good buy signal and it helps me see also that the upward momentum is weakening just for the example of BEL. I was able to go out as last week i have seen that momentum upward is weakening. This will correct and probably will move up again. Let's see. In TA, there is always a PATTERN failure. Technicians carefully review charts to give them buy and sell signal but they know that there is always pattern failure. not all analysis will happen 100%. To answer your question about the strategy of technician, if there is a strong signal of sell, technician will sell or stop loss... if there is a strong signal of buy, technician will buy.
ReplyDeletejust to add, last dec 16, psei had a golden cross... also formed a triangle and harmonic pattern... it only went up this january is it moved sideways muna as sign of accumulation / pause before it moves up again. now we are experiencing the upward move that was predicted last december.
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