Reference Chart – LRI

January 29, 2014 at 2:13 pm Leave a comment

Its been a while since we cover LRI. Since last year ive been very vocal about LRI and its peers being a “stuntmen no more”. The warnings were issued left and right, from fb groups to another, from our very own stockmarketpilipinas.com forum and to all my clients and friends, including those who trade via online and not to our house. even my closest friends dont trade with me anymore, well they buy or sell a little but more via online. heck, they thought im that understanding. well they thought it wrong. for the record, i say this with all humility, im cutely understanding, that’s more kind of me. walang sirain ng trip po. ok to cut this crap short, here’s the latest.

on our NewsL!tter 3 last August 13, 2013 we posted the charts of LRI. we then measured the supposed breakdown target at 8.36/share.

lridaily08132013

Since then we kind of forget things up and suddenly it just pop up on our watch list. (sus me may pa watch list na tayo ah). Recent chart shows, LRI’s recent low was 8.55 last middle of Dec 2013. Should we then invalidate the 8.36 target? I could say, lets check the chart first. I also pointed some divergence for us to study for future references and how its look like in case you and i encounter some divergences later. (see those lines?). Here’s the latest.

LRI Daily Chart
lridaily01292014noon

Divergences and its faces.
divergences

Now do you see the “uy oo nga no?” sort kind of thing above? bet some of you will probably say, “uy meron palang ganun?”

it just occurred to me, im talking to myself… damit *gigols*.

So: Ano na prognosis sa LRI?

So What: Base sa chart, LRI is testing its rsi level 50 again as it did a crossover on its 50ma.

So What Now: Time to monitor as this could be a potential reversal play

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Entry filed under: Phisix's Closet (PSEi). Tags: , , .

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