Guys, check PX out. Possible support at 14.
However, I'm wishing for PX to go lower than 14, ideally at 10 or even lower, buy lots of it and hold it long.
Looks like PXP will try to test how strong the support at 61.8% Fibonacci Retracement level. The previous level was broken easily and after 4 days staying at that level now it is heading for the next major support. Are we going to see a closure at the 16-17 gap soon?
Caveat!
PHILEX PETROLEUM CORPORATION
PHES might be going back to its usual range 0.68 - 0.70 for now awaiting for another news that may come out soon. I think there are new ipits and want to come out soon thus we might see some rallies to be countered by selling pressure. Once dust will settle, maybe that is the time it will truly rise to PHESo but it depends on the updates from the JV. Or maybe the JV thing is already incorporated in the price? Caveat!
No more PHESo?
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We have seen VITA rallied for a few days. I never expected it rally that long when I sold my share at the early days of rally and have to buy back after 2 days but I was so careful because I had a bad experience about VITA some time ago. Late comers for this stock might not be in a good position as our last two candlesticks suggests it might now reverse. We have seen a Dark Cloud Cover formation which if confirmed on Monday, will bring its price downwards.
Caveat!
Latecomers beware
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Current price of CMT is within the consolidation area of Ascending Triangle. This triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation. For those who bought this stock at a lower price, this might be a good chance to add. Just monitor the price movement as it may also turn sour just like any other stocks.
Caveat!
Accumulation mode for CMT
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sir Istoryamember, what is your TA about CAL? Some speculates for an accumulation stage for this next week..
Mr. Ang is planning delisting PAL sa PSE?
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