Bro, salamat jud ayo sa pag share sa imo chart. Sakto jud ayo ka about the nearest TP ni MEG. It coincides with one of my swing level target. Did not unload yet my MEG kay I am planning to hold it as one of my core stocks.
bro unsa tanaw nimo? Kato duha ka previous peak sa MEG which looks like a double top kay ang corrective wave na a-b-c? Then ang breakout kay ang possible start sa wave 3? Using harmonic pattern AB = CD, I think ang possible TP ani niya kay mo abot around 3.60. Of corz dili ni siya straight jud na saka, I am expecting some minor corrections along the way. What do you think? Just wanted to compare notes..![]()
naka login ra gyud kona utro na lagi ang homepage nya dugay kaau nako na kit an ang icon sa forum heeeeheeee!
![]()
FYI From DKB Regarding his Cebu Seminar...
On December 4 (tentative date), I am planning to conduct a seminar in Cebu.
Here are the details:
SWING-TRADING TOP DOWN APPROACH
I. Know your Market (short history/characteristic/rules and laws of PSEi)
II. Trading Strategy (top down)
a. Investment Process (Making a trading plan)
b. Macroeconomic Analysis (market forces) and Industry Analysis (life cycle etc)
c. Company/Fundamental Analysis (stock-picking) very basic and not into details like computing from financial statements.
d. Technical Analysis (when to buy/sell using swing trading)
III. Portfolio Management
IV. Changes in the new trading system
Seminar Fee: P5,000.00
***My contact number is: 09178020352 - Kenn Henri Villegas
@kitz - Ikaw ba in-charge na pud para sa seminar ni DKB diri sa Cebu?
You are right bro, those double top like patterns of MEG is just a normal corrective waves of wave 3 of Minor degree. In my opinion wave 3 of Intermediate degree already started since june and waiting for consolidation to validate wave 4 correction. And if no consolidation then wave 3 will continue, remember wave 3 is the longest impulsive wave of EWT it may take a year before corrective wave 4 comes. Wave 5 is also impulsive but this is the distribution phase of DOW theory what we should be watchful here is the reversal patterns to develop like double/triple top,head and shoulder pattern coz these signals the downtrend is coming.
Similar Threads |
|