ACE gained more to P11.5 per share, PHES breakout at 0.7

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.

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. 

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.

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 .