Bearish Stocks Entering 2015 | Marvin Germo

Bearish Stocks Entering 2015

By: Marvin Germo | January 3, 2015

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!

Bear Jan 2015

AGI

Down 29.2% since it’s peak last April 2014.

Price Range to Breakout and become bullish : Needs to go above 27

 AGI Jan 3 2015

AEV

Down 14% since it’s peak last Feb 2014.

Price Range to Breakout and become bullish : Needs to go above 55

AEV Jan 3 2015

DMPL

Down 38.3% since it’s peak last Feb 2014.

Price Range to Breakout and become bullish : Needs to go above 19.5

DMPL Jan 3 2015

EMP

Down 17.5% since it’s peak last April 2014.

Price Range to Breakout and become bullish : Needs to go above 11.4

EMP Jan 3 2015

FDC

Down 18.7% since it’s peak last Feb 2014.

Price Range to Breakout and become bullish : Needs to go above 4.7

FDC Jan 3 2015

LRI

Down 16% since it’s peak last April 2014.

Price Range to Breakout and become bullish : Needs to go above 9.6

LRI Jan 3 2015

LTG

Down 38% since it’s peak last January 2014.

Price Range to Breakout and become bullish : Needs to go above 15.5

LTG Jan 3 2015

 MER

Down 12.5% since it’s peak last March 2014.

Price Range to Breakout and become bullish : Needs to go above 264

MER Jan 3 2015

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Stocks vs Forex 2015

*Photos via google search
*Charts via Chart Nexus