From BLOOM DOOM to BLOOM BOOM! While the market is slightly down, this stock is up! What a great time to be trading the markets! BLOOM is a good example of a breakout in progress! For those who attended our Stock Smarts sessions, you know how much I love breakouts because it pushes stocks to levels where it used to be prevented from going!
Catch me in my live training events! (quick plug)
Here are the first events for the year! I will give you an update on our live sessions on UAE, Qatar and Iloilo in the next few weeks! 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! This is my passion and this is what I want to do over and over! To bring more consumers to investors! In this sessions, I will be teaching different techniques from how to select the right stocks up to how to find the perfect timing in buying and selling stocks.
In our weekly interactive stock picks portion, we talked about the stock breaking out of the strong resistance of 6.8. We mentioned that the stock has not broken out of that range since August 2015! In the world of technical analysis, the stronger the resistance that gets broken the further the stock could possibly go!
What was not mentioned in the stocks by request session was that the first breakout occurred at 6.15, that’s when we saw short term buyers push up the stock brining it to where it is now!
For position traders, the buy signal we gave for the stock was during its reversal at 5.15, which happened around October 2016. At this point position traders are now up 59.7%! Congratulations! Now the question is, should you now sell your stock? Of course not! Hold your position first as we have no mid term signals that the trend would shift down. As of this writing, the stock is well into its uptrend! So hold your stock first and watch your profits run!
This is a time when all the charts are currently aligning both short, mid and long term durations are all pointing bullish signals. Even our early detection indicators are still showing that the stock is still bullish. What we are seeing now is the stock progressing in its breakout. Should the breakout progress further, the stock could still go up to 8.5, this will increase your gains to 37.5% should the breakout continue further!
What you need to remember is, as the stock goes closer to 8.5, be prepared to sell if the stock has a hard time to breakout from that level. Should the stock fail to breakout of 8.5, it could retrace to 7 over the short term.
What if 8.5 is broken?
Adjust your target price to 10.50! Congratulations should that happen! Maximize your gains and ride a winning stock as much as you can!
Financial Freedom for every Filipino!
I hope this charts and analysis are helpful to you. It is my life’s mission to help every Filipino use the stock market so they reach their goals of Financial Freedom! I want you and your family to prosper so much so you get make a difference to the people around you. It can be done and people will look up to you as a testament of how financial freedom is possible! God bless you!
This is aimed to help investors have a holistic sense on how they can grow, maximize, and preserve their wealth!(Stock Smarts Book 4 is also coming this year) I also feature other books in my website with authors that I respect which have different expertise in Finance, Business, Investing and everything else in between.
For more details and to order: Marvin Germo Book Orders