MPI, BLOOM and AGI have continued to progress in their respective bullish reversals. I think the added interest in the stock has fuelled your interest to ask for them more and more! This two stocks have received the most votes for the past few days from all my social media platforms.
For those of you guys who own the stock, congratulations as both these stocks are crushing it and doing well after being battered for quite sometime.
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Stock Smarts Qatar — February 5 – 10, 2019
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Stock Smarts Manila — March 9, 10, 16, 17 & 23, 2019
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Investing Insights Japan – April 13, 2019
Stock Smarts Singapore — May 18 & 19, 2019
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Stock Smarts Cagayan De Oro – July 20 & 21, 2019
Stock Smarts Hong Kong – August 11, 2019
Stock Smarts Taiwan – November 2, 2019
The stock faces its biggest challenge tomorrow as it tries to break past the downtrend resistance. If the stock drops in the next few days, then we can further validate the strength of the downtrend resistance.
The stock though has built up a lot of bullish momentum after reversing and breaking out from the 12.4 resistance level and currently has a stronger buying push to it. The stock is up 33% from the bottom and 22.5% from the first breakout.
The stock is a long way down from the peak of 31 last April 2014.
If it continues its breakout, i think the stock has a chance to go to 17 for the mid term.
Similar to AGI the stock is also reversing up and has fully reversed from bearish to bullish after the breakout from the 4.85 level. The stock will continue in its bullish movement upward as long as the stock holds and stays above the 4.85 level. For position traders, as the stock continues its bullish reversal we have no sell signal yet for the stock.
For quick traders, the stock just broke out of 5. Should it stay above 5, the next target price for the short term is at 5.4 to around 5.5! Unless 5 does not hold, you may still stay positioned in the stock.
Lastly, BLOOM is also progressing in its reversal after the breakout from 10.25 the stock has completed its reversal from bearish to bullish and is now fully into its uptrend. As of this point the stock will not push towards the resistance of 12. If you are quick trader, failure to break that resistance level will trigger a quick take profit signal but if it breaks that level adjust your target price to 13.2.
For position traders, because the stock is still bullish, we have no sell signals yet for the stock. You may continue to hold on to your position to maximize your gains.