Is 20 Pesos Just a Dream for PX? Or a Reality?

Afer successfully clearing the immediate 16.30 resistance to close at an impressive 16.48, PX looks strong to try and retest the next immediate resistance at 17.00, which could possible lead to, the mighty 20 pesos resistance level.

With the needed volume confirmation is present earlier today, and the MACD level is trudging along very well, the prospects for PX reaching 20 at least looks good, especially once price action allows it to break past the immediate 17.00 level.

Those late to the party might want to try and get in as near as possible to the 16.30 level, or wait for the break of the 17.00 level. Inversely, stops could be placed just below 16.00, in order to cur any losses, or lock in any profits already made.

Pinoy Stock Trader

EDC – A Pullback Buy?

EDC has pulled back towards the 6.55 breakout point/support level in recent days, following its breakout move last April 7, establishing highs at the 6.8 levels. Although price actions has weakened, EDC has presented a buying opportunity to us at the 6.55 levels.

At this price, a tight cut limit can be set at 6.40, so risk in this particular issue is limited, while profit potential is good, and basically limitless once EDC breaks the 5.80 barrier, and enter uncharted territories and establish new all-time highs.

Another possible twist is that one can buy upon the break of the 5.80 with good volume, or average up if one already managed to get shares near the 6.55 support levels. Buy near support, buy on breakout, or buy near support add position on breakout, its up to you to decide.

Pinoy Stock Trader

Uncharted Territory for DMC

Earlier today, DMC has finally confirmed clearing the 41.00 all-time resistance level, and looks poised to continue thrusting upwards, while establishing new all-time records along the way. 

Now, it might be hard to identify the next resistance level as DMC is now on uncharted territories, it might be a safe bet to try to sell just before the next psychological resistance at 50.00.

A safe stop level should be at the 40.00 level, any price action below this level should be your signal to sell DMC.

Pinoy Stock Trader

I'm Back

Hey guys, sorry for the long absence. Been very busy lately, renovating the home, and taking care of my growing son gave me no time to continue writing in this blog.

Hope I find the time to continue writing articles for the general investing public, and hope you find what you're looking for here, and maybe learn something as well.

Have a nice day and good luck with your trades!