A month of stock market trading has passed and we have seen the PSEI zoom into historic highs breaking record upon record! I hope you are experiencing the amazing gains that is sweeping our stock market at this very moment! If you are, well congratulations! If you are trying to still figure out your routine and strategy, that’s okay, study and keep on practice and continue to refine your craft. One thing I know about stock trading and investing, is that the more you know and do the better your trades will become! While, if you haven’t invested in the market yet, you may check this out.
This is a follow up article to the “Bearish Stocks Entering 2015” article that I wrote more than a month back. For this post, we will be checking out 3 stocks that we featured last month to see how they are doing and if something has materially changed for each of the stocks.
Enjoy and have a great trading week ahead!
DMPL – Del Monte Pacific Limited
What’s good?
For the first time in more than a year, the stock has broken out of 3 major moving averages!
What’s next?
The stock is still bearish though, but if it holds and stays above 17, DMPL can go as high as 19 in the short to mid term. After it breaks 19, then the stock moves from bearish to bullish after avery long time of waiting. However if 17 does not hold it may drop back to 15-16 levels.
As a trader, your goal is follow the moving averages. If it breaks above it the stock will go even higher and higher! If it does not the stock will drop and still remain bearish!
AGI – Alliance Global Inc.
What’s good?
Similar to DMPL, for the very first time in almost a year, the stock has broken out of a downward chanel and has started its own small uptrend.
What’s next?
The stock must break 27 for it to become fully bullish as a lot of investors will be keen on selling at that price range. Also if it breaks past 27, it will develop the uptrend into something that is strong and very formidable!
If it fails to stay above 25,5 though, the stock may correct back to either 24.3 or 23.2.
AEV – Aboitiz Equity Ventures
What’s good?
The stock has been in an uptrend since December 2014 and has broken past the strong selling at 56.85. The stock now is fully bullish and can still zoom up in the next few weeks and months.
What’s next?
AEV must stay above 56.85 for the stock to gain any form of significance. Selling points for the stock could be at 59 and 61.5 if the breakout would progress further. If it fails to stay above 56.85 a correction to 55.9 and 54.7 may be possible.
These are just 3 stocks that are looking better than where they were a few weeks ago! Watch them closely and see if buying and selling them fits your own technique of profitablilty! Again study them and see if trading into them fits you. Your goal as a trader and investor is to plan your trade and trade you plan! One of my biggest goals this year is to help mentor more and more Filipinos to create their own winning strategy for investing! God bless you!
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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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*Charts via chart nexus
