Archive for March, 2010
As of trading time 11:45am, Ni stands @ 4.15
4Play (coz trading range 4pesos plus – 4.10 to 4.70/4.90 within 3 weeks) is in effect.
Was expecting a big move last week, none happened. analysis wrong. consolation is a its was neutral.now i’m picturing it again amidst odds favoring sellers of bid/ask volume (as of this posting). caveat.
after the divergence made on our last posting, a quick bounce play followed for a quick buck. at current state, ipvg is in a crucial battle to hold its footing. caveat.
Triggered a buy signal earlier as price pierced through its 50MA at 5.40 coupled with RSI50. Cons is average volume per day is small. Careful in buying at market prices as volume on ask price is thin. caveat.
Alsons Consolidated Resources (PSE: ACR)
Weekly chart still uptrend (pls see previous ACR weekly chart) but Daily chart have broken down from its bearish flag formation, suggesting it may retest support at 0.86. caveat.
On previous post, after Finacial stocks C & Aig triggered there buy signals, we were lucky to be nsync with there nice run. Citi made a high of $38+ before making a bearish close at $35+ today. Sign of weakness (specially if “ongoing” price < open) dictates that taking profit is a must.
Aig closed at the high of day at $4.18. Stops should be in place as not to waste profit. Any sign of weakness means take profit. Opening price is crucial.