After five months of moving from 33 – 35, the stock finally escapes the resistance and now has a shot to progress higher! Congratulations to trend followers who are still positioned in the stock!
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.
Stock Smarts Davao — October 20 – October 22, 2017
Stock Smarts Malaysia — November 4 – November 5, 2017
Stock Smarts Sydney, Australia — November 11 – November 12, 2017
Stock Smarts Qatar — November 16 – November 19, 2017
Stock Smarts Singapore — November 25 – November 26, 2017
Stock Smarts Manila — December 2, 3, 9, 10 & 16 , 2017
Stock Smarts Taiwan — December 21 – December 22, 2017
Stock Smarts Cagayan De Oro — January 13 – January 14, 2018
Stock Smarts London, United Kingdom — January 26 – 28, 2018
1.From a quick trading perspective, the stock no longer has a resistance. For those that attended our Stock Smarts trainings (Technical Analysis Module 4) you may use our trading plan along with oscillators for breakout stocks that have hit higher highs .
2. With that in mind the short term target price could be pegged at 37, while the mid term target price can be placed at 40. Sell if the stock fails to break those price levels.
3. The breakout won’t progress if 35 does not hold. Sell also if 35 would not hold as the stock could retrace back to 33.
Position Trader
The breakout from 35 further reinforces the bullishness of the stock. The mid to long term trend is still pretty much intact and we still don’t have a sell signal insight. All oscillators and volume indicators are showing that the stock is still bullish while money is still moving in thus validating the legality of this movement.
Stock Investing is just amazing! It’s an amazing time to be a Filipino invested in stocks!
I’ll be in Bicol tomorrow! More stock updates coming soon!
