22 July 2011

Tyro Trader's Analysis - July 21

VLL finally made its big move after a long consolidation. Good thing it was up! Huge volume accompanied its ascent although there were alot of crosses by Deutsche. Nonetheless, price movement is still king. Could already be eyeing a new 52 week high?

















SCC also continues to breakaway from its previous pivot point. Its now possibly targeting to surpass its one year high. RSI though is nearing overbought conditions so a pullback could just be around the corner.


















LPZ's hammer closing today looks further enticing for me. Possibly building momentum to finally trample passed its 3 month downtrend line? MACD and STS though still need some work. Minimal risk at this point though if one were to put a cutloss price at around 5.55 to 5.60 level.

















ELI's uptrend resumed today as it was able to find ample support at the P0.80 level.

















Other stocks that continue to be in my radar are:
FPH - MACD about to cross up 0 line with PhP62.00 seeming to hold. Vol is also on the rise the past 3 days.

AEV - Symmetrical triangle nicely forming. Bollinger band also tightening which suggests an impending big move soon.

Good luck with your trades as always!

Disclaimer: My above analysis are just that: analysis. I am in not in anyway soliciting for you to buy or sell any security issue. The only person accountable for the trades you make would be yourself and I cannot be held liable in any way for the same.

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