Not only known for its sarap to the bones chicken but now it’s getting known for its price movement upward in Philippine stocks! MAXS is now up 47.4% since December 12, 2014.
If you take a look at the chart below it broke out from 18 – 19.4 resistances to bring it away from the downtrend that plague the stock since September 2014.
If momentum pushes through the stock may go even higher. It has to break resistances at 26.50 and 30 though to progress even higher.
MACD is showing bullishness and upward change of direction for the stock! Exciting days ahead for those who bought according to their plan and strategy!
Hope this chart helps you even further as you trade and invest in the market for 2015!
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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
- 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
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*Photos via google search
*Charts via chart nexus