LMG potential breakout

LMG Chemicals Corporation

LMG on a potential breakout from sideways consolidation (measured breakout TP=6.35).


Comments

Post a Comment

Popular posts from this blog

SMC price action analysis

Image
San Miguel Corporation SMC is recently trading near its immediate support area including the 19-month uptrend line. Trading Plan - Potential buy near support with a stop-loss a few points below immediate support area (keep at least 1:2 risk/reward ratio, the higher the better).
Read more

JFC looks toppish

Image
Jollibee Foods Corporation JFC's price action is now at the resistance line of an upward price channel. Yesterday's candlestick pattern also needs monitoring as it may develop into a bearish star pattern variant like an Evening Star pattern *Major support at 260 Trading Plan - For short term trading position, take profit or scale down position. - Set trailing-stop on remaining position.
Read more

CLC on a potential breakout

Image
Chelsea Logistics Holdings Corp. CLC is on a potential breakout from its 4-month downtrend line after revisiting the immediate support at 8.30. The projected target price of this breakout is near the immediate resistance area around 9.00. Please see the previous analysis on CLC for reference on the trading plan: https://psetrends.blogspot.com/2018/01/clc-price-action-analysis.html
Read more