July 1st Week Chart Observation

I will not call this as Stock Recommendation rather Its a Chart Observation. My guidelines are simple, I just wait and buy or test buy at support .. When I saw a resistance that is hard to break, I take profit. I secure my profit. But if things doesn't go my way, I accept my fault. I execute my trading plan and cut my losses to protect my capital. Should I say Caveat, Trade at your own risk 😉😉😉 .... Indeed, its needed.. So Due diligence is a must. After all, your guess can be good as mine.

$DD

Once RSI 70 got hit, that's a call for me. A momentum.

But as for now the dragons are moving sideways.

$ION

As you all know, they have a buy back program  and it's not yet done. Been told that they're accumulation is within a trading range. If you have a lot of patience you can test buy beyond the range of 2.25-2.30. Support is 2.20 below that its not really good. That resistance is also the MA100. If we will plot an Ichimoku indicator its still far from what they're saying Flat kumo.. So its either trade the range or buy and sit.

Should I add this, but don't take it seriously.. Someone told me ION is good buy for a mid term stock while its still at that price range. We'll I don't know, in stock market everything is possible. The hype in other group is next DD.. I'm not yet buying it but let's see..

$NIKL

Don't want to say too much about this, you know the Gina Lopez thing etc etc... Just trade the chart and find support. In a long run its good for those position trader. 

$PXP

This is one of my favorite play .. Told you oil play is "madulas". Its like biglang taas, biglang baba. I heard that on Wednesday there is the result of arbitration regarding the West Philippine Sea. If things will go bias to us, MVP can freely drill as much as he can. I mean the Sampaguita/Recto bank in Palawan, oil drill. Look at the chart, you see that last month is a strong rally. Because the drilling there is having a progress. That's where the rally came from. Let's see for more, and "Ibalik sa dating presyo" lools... 

$NOW

Favorite huehue 😘😘😘😘

All I can is take advantage of the pullback.

That sideways low is our major support.

If Velarde's outlook for Now will happen, like the gain he said.. Now is heading north. Will tell you, every stock has a pullback. Every stock will have its fair share of shake and scoop. The owner itself is a visionary man, he is dreaming big for Now. If I get it right, Velarde is sitting at P1.22. 

Will not hype this stock, no need for that.. The market will speak for it.

Trade the Chart

Play the News 

Protect your money

Be wise, always...