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 :
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MA_6Feb2012
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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 .
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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.
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MHC_6Feb2012
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