ACE Acesite Hotel builder of the 1st European indoor water spa in the Philippines continued its gain from P4 /share since Feb 2 and now at P11.5.
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ACE_15Mar2012_up
As seen on the graph all technical indicators : Simple Moving Average (SMA) , momentum MTM1 and oscillator MACD shows an uptrend and shall continue this trend for now until a stop is decided by the majority of the market makers.
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Meanwhile PHES Phil Estates continue its ascend after breaking the last resistance at 0.7 (this may be seen if you minimize the graph ) and actually broken the top of a Cup and Handle pattern at 0.55 three days ago.
It means a longer uptrend is to be expected for the coming days until the maximum height of the Cup pattern of approximately 1.01 is achieved.
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PHES_15Mar2012_CUP |
As always , the trend is our friend if we follow the right strategy . Don't put all your eggs in one basket and be safe .