Mix signals
Here are my issues and my attempt at reading the charts:
FLI - Broke out its symmetrical triangle but heavy resistance (still) starting at 1.40. It would take gods (with deep pocket) to get this issue going.
GMA7 - It broke out upwards its descending triangle. If I extend the charts since January of this year, I see an inverse head-and-shoulders pattern. That's suppose to be a bullish reversal pattern. But if I extend the chart farther to January of 2008, there was also a reverse H&S (the 2008-2009 recession), but a bullish uptrend failed to materialize.
IP - My newest and largest acquisition. I don't see any pattern. Why bought this issue? Gut feeling, my friend.
RFM - Also a new issue. This has been on the uptrend since January this year. I see an ascending triangle and an inverse head and shoulders which hopefully signal a continuing trend.
Week-on-week, I gained a measly 1.39% against the market's index at 1.67%.
In another story, I still hate my job.
FLI - Broke out its symmetrical triangle but heavy resistance (still) starting at 1.40. It would take gods (with deep pocket) to get this issue going.
GMA7 - It broke out upwards its descending triangle. If I extend the charts since January of this year, I see an inverse head-and-shoulders pattern. That's suppose to be a bullish reversal pattern. But if I extend the chart farther to January of 2008, there was also a reverse H&S (the 2008-2009 recession), but a bullish uptrend failed to materialize.
IP - My newest and largest acquisition. I don't see any pattern. Why bought this issue? Gut feeling, my friend.
RFM - Also a new issue. This has been on the uptrend since January this year. I see an ascending triangle and an inverse head and shoulders which hopefully signal a continuing trend.
 |
| My money tree |
Months trading | Total Gain | PSEi Gain (Same period) | YTD Gain |
2 mos. 6 days | 17.85% | 23.20% | 17.85% |
In another story, I still hate my job.
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