The PSEI as a whole went up 23% for 2014 while other stocks like DNL, URC, JGS, DD, and so much more performed better than the index. However, while the market was moving up in 2014 there were certain stocks that were dropping.
The rationale of this post is to show some of the stocks that did not fair well in 2014 with an attempt to wait and watch them until they start reversing back and become bullish. I’m pretty sure stocks wont stay bearish forever (if their fundamentals are great), however we also do not know how long it would take before they would start to bounce and go back up. As what I always say in our technical analysis seminars, a bearish stock will continue to go down until proven otherwise.
Are these stocks relatively battered? Yes they are. Is it the best time to buy them? No not yet. It would be better to wait until they have turned from bearish to bullish. For this post, I have included price ranges where these stocks may turn bullish if they go above that specific price range. Until that is broken the stock is still bearish and may continue its downward spiral.
As markets open this 2015, the best place to be as a trader and investor is to have a well thought out plan and to trade with conviction from your own research and analysis! God bless you and have a great 2015! I speak that this year be your best investing year yet!
AGI
Down 29.2% since it’s peak last April 2014.
Price Range to Breakout and become bullish : Needs to go above 27
AEV
Down 14% since it’s peak last Feb 2014.
Price Range to Breakout and become bullish : Needs to go above 55
DMPL
Down 38.3% since it’s peak last Feb 2014.
Price Range to Breakout and become bullish : Needs to go above 19.5
EMP
Down 17.5% since it’s peak last April 2014.
Price Range to Breakout and become bullish : Needs to go above 11.4
FDC
Down 18.7% since it’s peak last Feb 2014.
Price Range to Breakout and become bullish : Needs to go above 4.7
LRI
Down 16% since it’s peak last April 2014.
Price Range to Breakout and become bullish : Needs to go above 9.6
LTG
Down 38% since it’s peak last January 2014.
Price Range to Breakout and become bullish : Needs to go above 15.5
MER
Down 12.5% since it’s peak last March 2014.
Price Range to Breakout and become bullish : Needs to go above 264
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If you’d like to learn more how to invest in the stock market and learn how to make your money work hard for you. I’d like to invite you to our upcoming events
- January 31st Stock Smarts Bascis: Manila
- January 31st How to Find The Perfect Timing in Buying and Selling Stocks (afternoon)
- February 7th Stock Smarts Cebu: Technical Analysis
- February 12th Technical Analysis: Chart Patterns and Oscillators (Evening Session)
- February 18th Stocks vs Forex
- February 26th Fundamental Analysis: How to pick good stocks and avoid bad ones (Evening Session)
- March 20th Stock Smarts Singapore 2015 (Basic) – Day 1
- March 21st Stock Smarts Singapore 2015 [Day 2] : Technical Analysis
- March 22nd Stock Smarts Singapore 2015 [New Topics] : Portfolio Mangement, Market Outlook and Fundamental Analysis
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*Charts via Chart Nexus
