CHART OBSERVATION OCT 10 2016 GAMING SECTOR

PSEI  is nearing the support level again. This must hold or were back to 7400. 

Be cautious! Buy now or wait ?

Buy if it's green and when the support holds! 


LR- Leisure and Resorts World 

Bought this stock  when the news came out that some of the online gaming centers of LR was allowed to continue operation(NOT BAD for READING the NEWS!!)  and then sold  at the second RED candle  after the PEAK!! (A SIMPLE RULE TO TAKE PROFIT!!)


5.09 support is still intact and must break above the clouds at 5.61. RSI @ 58 still room for an UPTREND! 

Cut if it breaks the 5.09 support!  

I might re-enter this stock once again! 

WEB 

Web has  tried to break the resistance twice at 11.12 but failed! Lets see if the latest good news will pierce above its resistance! 


Bought Web on Thursday and sold it during that DAY! Bought it again last Friday and still holding it! 

BLOOM

Bought this at the bottom! Must close above 4.70 this week! Next resistance will be 4.90!! Still a long way up!! "PATIENCE is A VIRTUE" !! Adjust your TRAIL stop !! 

A simple way to TAKE profit on the UPTREND is to SELL when you see two RED candles!! Dont Complicate ! Keep it simple!! Two red candles , SELL!! 

PLC 

See those GREEN VOLUME CANDLES??? Somebody is ACCUMULATING!! 

 Must BREAKOUT ABOVE the clouds!! 

MCP 


 Must BREAK ABOVE the clouds!!  Must close above 3.89!  

RWM 

RSI below 40. Keep an eye for reversal signs! Support near 3.21! 

Chart Observation Oct 2 2016

 PSEI rallied last Thursday but fell the next day! Foreign buying is still on! I hope Foreign buying will continue this week so stay focused!   

The old adage which says "BUY near support and Sell near Resistance " still holds true. 

Those who bought growth stocks and blue chips at the 7500 level are still on the green. 

This week our market  has no clear trend yet whether its going UP or down! SO BE VIGILANT!!

 If goes down, wait near support and get ready with your watchlist!! 

If it goes up, make sure to get in early and enjoy the ride!! 

PSEI must break above 7766 for its first resistance!!

 MRC has still  got some power in it!  RSI is still in the safe region. Support lines are in the 0.21 level. Buy near that level.

A possible MA9 bounce near 0.2270. A GTC(Good Till Cancelled) is the best way to get back into MRC.

If support breaks then CUT your losses early! 

  

  Bloomberry has been breaking its resistance and is due for a bounce!  Keep an eye on this stock! Green Candle and Big Volume are your reversal signals! So be READY!! 

   

 MAXS has been moving sideways for DAYS now and might go up once again! BUY below 29, a  good entry price when it goes back again to 34!