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Showing posts from January, 2018

MRSGI Price Action Analysis

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Metro Retail Stores Group, Inc. MRSGI's price action is moving in a 5-month Downward Price Channel and is now hovering the major support at around 3.6 (3.5~3.6 support zone). Trading Plan - Potential buy or accumulation around the support zone (position trade). This is a medium term setup. - Set Stop-Loss on breakdown from support zone (a few points below 3.5).

CLC hit recent breakout TP

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Chelsea Logistics Holdings Corp. CLC has recently hit the projected target price from Double-Bottom pattern breakout at 9.7. See previous analysis for reference: https://psetrends.blogspot.com/2018/01/clc-on-another-potential-breakout.html Trading Plan: - Take profit or scale down position when TP is hit. - Profit run the rest of the position with trailing-stop. "Don't let greed trump reasons.."

10 Tips For the Successful Long-Term Investor

There may be an exception to every rule, but there are several investing principles that are tough to dispute. Here are 10 that should help investors enjoy long-term success. 1. Sell the losers and let the winners ride. Let losers go before their value completely plummets. Of course, it’s tough to know which suffering stocks will turn around and which ones won’t. 2. Don’t chase a hot tip. Let your own research and analysis guide your stock purchases, not someone else’s. 3. Don’t sweat the small stuff. Short-term movements should not prompt panic because short-term volatility is inevitable. A quality investment will persevere. 4. Don’t overemphasize the P/E ratio, which compares a company’s share price to its earnings per share. It should be used within the proper context, and in conjunction with other analytical processes. 5. Resist the lure of penny stocks. A lousy $5 company has just as much risk as a lousy $75 company. Remember, companies with lower share prices face fewer regulatio

CLC on another potential breakout

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Chelsea Logistics Holdings Corp. Another potential breakout on CLC and this time from a  Double-Bottom pattern. Projected TP of this breakout is around 9.7. *Immediate support is around 9 (previous resistance now becomes support). See previous analysis for reference on this Double-Bottom prior to breakout. https://psetrends.blogspot.com/2018/01/clc-breakout-update.html Trading Plan - Buy the breakout but with tight stop on breakdown from immediate support. - If still holding previous position, continue profit-run with trailing-stop.

CLC breakout update

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Chelsea Logistics Holdings Corp. CLC has hit the projected target price of the recent breakout from its 4-month downtrend line. It's also now potentially forming a Double-Bottom pattern with a projected target price of around 9.7 on breakout. *Immediate resistance at 9. Trading Plan - If holding a position from recent dips accumulation, take profit or scale down position. Profit run the rest with a tight trailing-stop. See previous post for the suggested dips accumulation near support: https://psetrends.blogspot.com/2018/01/clc-price-action-analysis.html - Buy the breakout from Double-Bottom on good volume.

CLC on a potential breakout

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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

JFC price action update

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Jollibee Foods Corporation JFC remain toppish as it continues to tiptoe the resistance line of its upward price channel. Yesterday's candle also formed up a Bearish Harami pattern, a potential sign that the current uptrend is slowing down or may soon come to an end. Trading Plan - Avoid for now. - Please see previous analysis for other potential action to take. https://psetrends.blogspot.com/2018/01/jfc-looks-toppish.html

COLing the Shots stock picks

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01/20/2018 " COLing the Shots " is a monthly publication by COL which provides insights on investments opportunities based on global and local developments that could affect the market. See https://www.colfinancial.com for the detailed report.

Consensus of stocks under the PSEi index

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Source: First Metro Securities https://www.firstmetrosec.com.ph/ January 19, 2018

DD price action analysis

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DoubleDragon Properties Corp. DD's recent price action is now hovering the resistance line of its 9-month downward price channel. This resistance line looks strong so far as all breakout attempts were shutdown. *Major support around 36. Trading Plan - Avoid for now. - Buy the breakout from downward price channel on good volume. - For long term position, accumulate below 40, the lower the better.

JFC looks toppish

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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.

DNL near major resistance

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D&L Industries, Inc. DNL is now near the major resistance area (around 12) after a two month uptrend. Trading Plan - Take profit or scale down position. - Use trailing-stop on remaining position. - Buy the breakout on good volume.

CLC Price Action Analysis

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Chelsea Logistics Holdings Corp. CLC is still in a downtrend but potentially forming a  Bullish Divergence  pattern if it continues to hold the immediate support area (around 8.29). Trading Plan - Potential buy at current level. - Set a tight stop-loss on breakdown with volume from immediate support.