RANGE TRADE OPPORTUNITY

Vista Land & Lifescapes, Inc. :

VLL CHART  10.30.14

SUPPORT      :   5.89
RESISTANCE :   6.23
LOSS TOLERANCE : -3 to -5% ( is only a guide but it depend on your risk tolerance )

ENTER = on support or near support level
EXIT      = on resistance/near resistance or 3 to 5% below resistance in case of failure swing.

STI Education Systems Holdings, Inc. :

STI CHART 10.30.14

SUPPORT      :    0.75

RESISTANCE :    0.80

LOSS TOLERANCE : -3 to -5% ( is only a guide but it depend on your risk tolerance )
ENTER = on support or near support level
EXIT      = on resistance/near resistance or 3 to 5% below resistance in case of failure swing.



Rizal Commercial Banking Corporation :

RCB CHART 10.30.14

SUPPORT       :   51.70
RESISTANCE  :   56.00 
LT                     :   3-5%
ENTER = on support or near support level
EXIT      = on resistance/near resistance or 3 to 5% below resistance in case of failure swing.

Filinvest Land, Inc. :

FLI CHART 10.30.14

SUPPORT       :  1.49
RESISTANCE  :  1.62

LT                     :   3-5%
ENTER = on support or near support level
EXIT      = on resistance/near resistance or 3 to 5% below resistance in case of failure swing.

ADDITIONAL CHARTS FOR YOUR RANGE TRADE OPPORTUNITY :

Megaworld Corporation :

MEG CHART 10.30.14

Trans-Asia Oil and Energy Development Corporation :

TA CHART 10.30.14

Petron Corporation :

PCOR CHART 10.30.14

Roxas Holdings, Inc. :

ROX CHART 10.30.14

 SM Prime Holdings, Inc. :

SMPH CHART 10.30.14

CAVEAT !!!

HAPPY TRADING !

10.30.14

PHILEX MINING CORPORATION

SECURITY IN FOCUS : PX

52 WEEK HIGH = 12.88
52 WEEK LOW = 7.80

PX CHART 10.28.14

From Mid August up to this date, PX is on a downtrend, its share price continue to slide from 12.34, down to yesterday closing price of 9.04. For 8 trading days, PX share price tried to stay above the 9 peso support line.

From the chart above, we can deduce two scenario...

If PX share price can successfully defend the 9 peso support line, then it can break off from it's more than 2 mos. downtrend and most likely consolidate between the 9 (support) and ten (resistance).

Although in an oversold position, Breaching the 9 support line will likely mean that down trend still have the momentum to continue...

Caveat !!!
Happy Trading !

TRADING THE TREND - Range Trading

Introduction to Range Trading :

Range bound is so common in market conditions it occur in approximately 70 - 80% of the time.
So learning how to trade on range bound condition will definitely gives you the most risk - reward opportunities most of the time.

Individual traders mostly newbies don't appreciate range trading out of ignorance... Most of us have been taught to use Technical Analysis to identifies trends and watch for range break out, that could brings fantastic opportunity and rewards never realizing that this condition is more of an exception than the rule. Most break out happens just merely 20 to 30% of the time and many are false one... So while waiting for this rare rewarding stage, most of the time you are losing opportunities to earn more...

Read more...

Atlas Consolidated Mining and Development Corporation

A Second Look to ATLAS...

In Greek mythology, Atlas is a symbol of strength...

But recently in Philippine Financial Trading floor, Atlas symbol of strength is nowhere to be found.

AT Chart  10.10.14

From the Php15.00 closing price last September 28 the day that we feature Atlas on TnT, it weakened further, and pierced easily the 15/14.70 peso support we presented. The next support at 13.70 just last for 3 days as bears finally force the bulls out of the market last Friday's trading and settled to 13.50 just 10 cents over it's lowest price of 13.40 recorded last June 8, 2014 just 4 mos. ago.

AT Chart  10.10.14

Will the Bears continue to dominate the Bulls or Will the Bulls regain strength to give Atlas a price boast ?!

AT's RSI 10.10.14

Atlas shares already are in oversold position. The graph indicates a continued declines of AT's RSI. It's RSI hover belows the 30's for 4 consecuted days and presently at 27.0615. (Expectation of price reversal is usually expected when RSI hover below 30).

AT Chart 2014

Looking up the chart of Atlas for the entire 2014, we can clearly see there are 2 scenarios that will be decided on next week trading days for Atlas.

If the Bears defeated the Bulls at 13.40 support then a downtrend start and a bearish scenario start this 2014 for the company.

And if the Bulls can survives the onslaught of the bears at 13.40, then Atlas can regain some momentum to turn the tide to its favor and maintain it's consolidating trends in 2014.

AT chart August - October 2014

No one really can predict the market...

But I am getting my finger cross that Atlas will survive the Bears attack and the Bulls will regain its strength to triumphantly defend the 13.40 support on next week tradings. 

CAVEAT !!!