Posts filed under ‘LC’
The Lepantos opened lukewarm yesterday and started to pullback as divergence sets in. Fortunately, it was saved by its new investor, Philex Mining. As both LC & LCB corrected and panic was increasingly sending nervousness to the bulls, the iconic buy up of Philex price abated the plunged. End of day, the bears’ resurgence on last few minutes put the game on status quo.
Here’s what i sent to friends earlier.
lcb naka hold ang rsi 70 ng parabolic. muntik na mabasag parabolic nun kanina sa .89..kaya major key level to maintain parabolic status is 0.88 wag ma break sa lcb.
sa lc muntik na rin. at 0.82 rsi is 71.51, to stay parabolic, wag bumigay 0.78…. variable to mga rsi, everyday changes.
The way “Lolo” stocks are behaving lately and taking cue from both Manila mining “A” shares and “B” shares as well as strong move of Lepanto “A” yet pale upside of Lepanto “B”, these hints are pointing to declassification of shares. So if you still want to ride the “Lolo” stocks, better be on the “A” shares.
Saw Macquarie buying Lepanto Mining (PSE: LC) at 0.28 just a while, this after weeks of absence in the buy side. Is the buying real or this is just a fluke?