Manila Water’s stock just broke out of the 16 month resistance with very strong volume last January 6. If the stock powers through up and breaks past the 33.23 range it can be headed even higher to 37.8.
All moving averages and the MACD is pointing to a bullish sentiment for the stock.
The current breakout is great news for those that have positioned earlier! Looking at the first breaktout last August 2014, the stock is now up 21.66%
What do you have to watch out for now?
If the stock fails to breakout of 33.23, it may drop back down to around 30.
My 2nd book Stock Smarts: Winning Strategies is now out! Click the Link to Register and Order.
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)
- February 28th Money Management and Stock Smarts Thailand 2015
- March 6th Stock Smarts UAE: Firm Foundation – Day 1
- March 7th Stock Smarts UAE: Technical Analysis – Day 2
- March 8th Stock Smarts UAE: Pro – Day 3
- 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
For inquiries, registration, and payments email: email@example.com
*Photos via google search
*Charts by Chart Nexus