MRSGI BREAKOUT | Marvin Germo

MRSGI BREAKOUT

By: Marvin Germo | June 21, 2017

We’ve been talking about SSI, WLCON and SMPH over the past few days and it’s about time for more consumption stocks to take centerstage! It was fun making this video as I had no plans making any today but it was just a spur of a moment kind of thing which I am glad that I followed my instincts as  I will always do videos and content to help you learn the proper rudiments of trading and investing.

I really believe more and more Filipinos need to invest the right way and I sincerely hope that this helps you and it brings you closer to your dreams of financial freedom. God bless you and I really believe that your best days have yet to come!

Catch me in my live training events! (quick plug)

The heart of why I do this seminars is I want to build a generation of Filipinos with the right foundation in stock investing.  I want to bring smart investing to every Filipino around the world! If you would like to know more on how you could time the market checkout the trainings below.

Where is MRSGI headed?:

Technicals:

The stock just broke out from a very strong resistance at 4.15 with a large amount of volume and conviction accompanying it. This signalled a reversal from bearish to bullish, signifying that the bulls are back!

For quick traders,

The three successive breakouts have given the stock more momentum to push higher. Should the breakout progress the next target price could be pegged at 4.7. If it fails to breakout from that quick traders may consider to take profits. However if the stock breaks out of 4.7, it’s now time to adjust you target price to sell at 5. If it breaks out of 5, then I am happy to tell you that it now has the ability to challenge 5.7 again.

For position traders

Because of the reversal this would be a good time for you to position and add to your base. I will give you updates later on should there be a reversal downward already and you should sell. In the meantime if you are a position trader buy the stock with confidence as long as the support at 4.15 holds. If the stock drops below that you must sell.

Stock Smarts Seminars

 New Book and other books on Investing, Business and Finance.

I’m excited to share my 5th book overall and the 4th book in the Stock Smarts series, Stock Smarts: Breaking the Resistance – How to time your traders perfectly. The heart of this book is to teach you strategic ways on how to come in and buy and sell stocks in a way where you come as the market is headed up and come out as the market is headed down. The book is now out and exclusive via Marvin Germo Book Orders.
For more details and to order my other books: Marvin Germo Book Orders
Stock Smarts Book