Went long on AUD/JPY @81.54 as I expect a bounce from the support line of the uptrend. Cut loss is 36 pips away from my entry price or once the price breaks down of the support line.
Updates: 10pm 2-18. Cut loss hit. Lost 36 pips.
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We have here charts of EUR/JPY in two different time frames. On the left is the 3-hour chart with a 1-month time frame of the currency pair and had broken out of the downtrend’s resistance last Feb16. It’s currently moving on an upward trading range and may seem bullish. The image on the right however ... ...
Posted: February 18, 2010 at 2:38 am
A few hours after my USD/JPY short sold trade was cut, I decided to re-enter. Instead of going short, I now went long since USD/JPY seems to have broken out of the downtrend’s resistance line in the 3-hour time frame. My entry price is 90.15 and my cut loss is 89.90. Updates:11am 2-17. Moved my ... ...
Posted: February 17, 2010 at 2:35 am
A nice cup and handle has broken out in AUD/USD. My minimum target price is 0.91. Share Sphere: Related Content ...
Posted: February 16, 2010 at 1:31 pm
Short sold USD/JPY at 90.12 expecting a bounce from the major resistance in the 3-hour time frame chart. Stop loss placed at 90.55. Updates:11pm 2-16. I have now moved my stop loss at my entry price of 90.12 to prevent further loss. Updates:10pm 2-17. My stops placed at my entry price was hit. This trade ... ...
Posted: February 15, 2010 at 2:18 pm
The USD/JPY currency pair in the 1-hour time frame (left image) shows an uptrend. Looking at the 3-hour time frame (right image) however changes the whole picture, instead of an upward trading range, we might be seeing a rising wedge. Despite USD/JPY’s unpredictable direction, it’s still a good currency pair to look at since a ... ...
Posted: February 15, 2010 at 1:20 am
This site will now be the new home of PSEpicks.blogspot.com! This site will not only tackle the stock charts in the Philippine market but also the FOREX and US MARKET! Since I keep a FOREX TRADING JOURNAL, why don’t I post it here as well! Share Sphere: Related Content ...
Posted: February 13, 2010 at 5:26 pm
Phoenix Petroleum has broken out of the major resistance line (green dotted line), indicated by the red circle, as seen in its stock chart. A sudden increase in its stock value will be highly anticipated. Merry Christmas! Share Sphere: Related Content ...
Posted: December 25, 2009 at 8:02 pm
In the chart of the Philippine Stock Exchange index (PSEi), we currently have here a 4-month upward trading range (indicated by the red diagonal lines). As long as the range remains intact, the index is still bound to rise. Share Sphere: Related Content ...
Posted: December 12, 2009 at 5:19 am
LIHC has broken out of a major resistance line. The upside looks bright! Share Sphere: Related Content ...
Posted: December 8, 2009 at 4:39 am
BDO has achieved the target price of 41 pesos per share. Click to see previous post about BDO. Share Sphere: Related Content ...
Posted: November 23, 2009 at 4:05 am
MUSX seemed to have broken out last Thursday morning but went back in its area pattern the next day as the US market dropped Thursday night (Manila time). Still, it can bounce back up anytime soon! Click image to enlarge! Share Sphere: Related Content ...
Posted: November 15, 2009 at 7:32 am
BDO has broken out of it’s ascending triangle formation as it gapped up during the opening of today’s trading session. Click to see previous post about BDO. Share Sphere: Related Content ...
Posted: November 12, 2009 at 6:47 am
The ascending triangle formation on the chart of BDO was still premature during my last post on it since it was just forming. Now, it looked like to have set up a better ascending triangle (indicated by the horizontal and diagonal line) and more likely to breakout soon. The price to break is at 36.5 ... ...
Posted: November 10, 2009 at 4:55 am
As a request from a finance dude who happens to be the author of this blog cianoyinthephilippinestockmarket.blogspot.com/, I have posted my technical insights on the stock charts of 3 blue chips, particularly Meralco, PLDT and San Miguel Corporation. The one-year time frame of Meralco stock chart shows the uptrend is still intact (PLDT and San ... ...
Posted: October 30, 2009 at 11:06 am
I don’t see anything much in PLDT stock chart aside from an uptrend (indicated by the purple dotted diagonal line) with the 1-year time frame. Upon buying this stock, I would set my cut loss once the price goes below the support line. Click image to enlarge! Share Sphere: Related Content ...
Posted: October 30, 2009 at 11:04 am
An end in the uptrend of San Miguel Corporation stock chart occurred after the price went below the support line (purple dotted diagonal line) in the 1-year time frame last month. Prices didn’t go down but chances are higher that it could. I don’t see much activity with San Miguel stocks so I’ll just wait ... ...
Posted: October 30, 2009 at 10:26 am
Nearly 5 months have passed since my last post about UBP, it was still prematurely forming the cup and handle formation (indicated by the red lines) in the stock chart. However, as we can see now, it broke out from a cup and handle formation last August and achieved its target price of 32 pesos ... ...
Posted: October 26, 2009 at 7:57 pm
Citiseconline, one of the biggest online stock brokerage company in the Philippines, has its stock chart forming a bullish pattern. We can see a potential symmetrical triangle formation (indicated by the red diagonal lines) in the picture shown. Once the price closes above the resistance line (topmost red diagonal line) with heavy volume, 12.5 is ....
Posted: October 18, 2009 at 8:37 am
A technical study of the PSEi chart: Is the Philippine Stock Exchange main index gonna continue heading up?! Can’t really tell… All I can say is that there seems to be a small symmetrical triangle being formed (indicated by the red circle) and it can be bullish or bearish. Click image to enlarge! Share Sphere: ... ...
Posted: September 28, 2009 at 7:10 pm
Among many stocks that already have gone up after the market crash, there are still that haven’t and one of them is MUSX. In the picture, the stock has been consolidation sideways for months and seems to be forming an ascending triangle formation (indicated by the red diagonal lines). Once the price breaks the resistance ... ...
Posted: September 22, 2009 at 5:57 am
FGEN has achieved my minimum target price of 19 pesos per share!!! Click image to enlarge! Share Sphere: Related Content ...
Posted: September 13, 2009 at 7:45 pm
Due to stock price adjustments because of stock dividends, I move my minimum target price for FGEN to 19 pesos per share. It’s almost there!!! Click image to enlarge! Share Sphere: Related Content ...
Posted: September 9, 2009 at 4:43 am
First Gen corporation has broken out of its symmetrical triangle formation (indicated by the red diagonal lines). Click here to see the previous post. Click image to enlarge! Share Sphere: Related Content ...
Posted: September 7, 2009 at 5:58 am
Banks all over the world were terribly affected by the current financial crisis. Many went bankrupt, some still going and most were struggling. Despite that, many of the Philippine banks were able to hold on and maintain a strong and stable company and one of them is Banco De Oro (BDO). Looking at its chart, ... ...
Posted: August 29, 2009 at 6:48 am
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