Monday, February 6, 2012

Selling Manila Mining for a 13.5 % Gain

Today  I decided to sell my shares on Manila Mining (which I bought at 0.065 last week)  at 0.077  , due to bearish  signal on the graph  as seen below :

MA_6Feb2012
It's called the engulfing candlestick pattern wherein a larger red bearish candlestick on rightmost top overshadows the smaller green candlestick which signifies a down trend. Also  the Momentum MTM1 shows the orange line on top of blue line while a Red arrow pointing down is shown on RSI at bottom.

Meanwhile , Wellex Industries gained most of its lost a week ago rising to 20 %  from 0.47 to 0.57.  This only proves that a trend reversal may take 1 week .

WIN_6Feb2012

Mabuhay Holdings Corp. gained 8.3 % today , from a low of 0.57 -0.6 to a maximum 0.7 before going back to 0.65. We should hold this until we see a bearish signal.

MHC_6Feb2012








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