Thursday, August 23, 2012

PSEi

RSI Divergence taking effect... We see price making higher highs but RSI is making lower highs from May to July 2012. 

Divergence doesn't mean that there will be a reversal of the trend... It simply signals us that there might be a change on the prior trend... can be sideways... sideways to up or sideways to down or totally reversal  of trend.

Now PSEi, is retesting my 110SMA and horizontal support line. A bounce at this level we might be seeing a triangle formation (Descending?) Hope maging Symmetrical. 

So plan your trades well as we are about to test a critical support. 


Monday, August 20, 2012

CPG

Daily
- 3rd attempt to break the descending resistance line
- So far momentum upward seems to be positive as RSI broke the 1st and 2nd resistance line
- For a better signal of upward momentum, MACD must move above zero line
- Hanging Man candlestick at resistance. This is a bearish candlestick but with low reliability

Weekly
- MACD cross might be a good signal. Let's see

Bought some at 1.45
Cut Loss below 50SMA or 1.43/1.44



Sunday, August 19, 2012

GEO

GEO Weekly Chart showing a possible Bullish Bat Pattern

Got in last week at 0.57
Resistance to break is 0.61 and 0.65
Cut Loss = 0.54


Sunday, August 5, 2012

HLCM

Daily:
  1. After a breakout from falling wedge, it formed a rectangle pattern. Signaling for a continuation of uptrend
  2. TP of Falling Wedge and Rectangle pattern is 13.8 to 14. 
  3. Set stop loss depends on what price you bought
Weekly:
  1. Possibly forming a inverted head and shoulders pattern
Note: Not my recommendation for a buy. Just sharing my TA.