The Case of Cup & Handle Breakout : MHC (37 % Gain)

Mabuhay Holdings Corp (MHI)  is a case of  the Cup and Handle breakout which today gained 37.93 % from  P 0.60 to P 0.80 per share.  As seen from Chart below

MHC_24Feb2012_Breakout

From Feb.8-22 , MHC went down as seen on the graph as the Red  candlesticks while  temporarily on consolidation , the following day Feb 23 a Green candlestick appeared which is followed by the breakout today. One characteristic of  a C&H breakout is the height measured from the top handle to bottom of the Cup is the max. range  which turn out to be about  P1.0 per share.  It's best to buy this just before the breakout following the rule "Buy Low , Sell High"  to maximize your Return on Investment. As previously discussed before , possible scenario may happen again on Unioil and Ever stocks anytime next week .

 As always , it's best to study & plan everything before you enter any trade.

Have a nice weekend !

Taking a Closer Look at IRC (50 % Gain)

I just discovered a  better way to look at rising stocks  while its ongoing  rather than look at a stationary chart . If you select "5 min"  instead of the default "Daily " chart display on top menu of  Citiseconline  technical chart then you'll be able to see better and make an intelligent decision to your entry and exit price.

As shown below is the 5 minute chart of the days topnother IRC Properties with an impressive 50% gain from P1.2 to P 1.8 per share .

IRC_24Feb2012_Breakout

If you notice the price increase slow but steadily above the 12 day Simple Moving Average until it reach the peak of 1.8 where it close. Both the momentum MTM1 and MACD support the bullish signal.

I do not recommend buying the stock at this time but if you do , select a lower price so that you'll have an allowance in case the uptrend  reverses. Or if you bought early target a max of 20 % gain  before selling  to keep your profit in place . Always keep a "Trailing Stop Loss" value when entering a trade , lets say 2 % of your buy price and if the price goes the other way then you always keep your profit intact .

Invest Safely and have fun !

OPM, OV, VUL Sell-off ! CMT, SMDC Rise!

All of the mining companies mentioned above  sold-off today and lost a lot if you were not able to sell in time. These were overextended stocks  that is due for profit taking ;

OV_23Febn2012_Down

OPM_23Feb2012_Down

As shown on the graphs the last  Red Candlestick  engulfs the previous  Green  candlestick  which  signifies  a   downtrend  and  supported by the downward pointing momentum MTM1 but not so obvious with MACD.

On the other hand, some of the Bullish stocks today includes CMT, PHA,  & SMDC.  As shown below CMT has broken its resistance of 1.8 and is on an uptrend , supported by momentum and MACD .

While SMDC continues its slow  but sure uptrend   4 days  in a row as supported by the momentum MTM1 & MACD indicators.

OPM , OV gained higher !

Oriental Petroleum & Mineral  (OPM) gained another 19.23 % from 0.027 to 0.032 before closing at 0.031 per share. The fourth highest gain for the day .

OPM_22Feb2012

Since it already broke above the resistance of 0.029, and with the bullish upward trend shown by the volume, MTM1 & MACD , we expect this trend to continue.

Likewise , Philodrill Corp (OV)an oil, gas and mineral exploration and development company gained another 14.58 % from 0.048 to 0.055. Since it already broke above the resistance of 0.030 the previous day and with the bullish uptrend by Volume, MTM1 & MACD  we expect this trend to continue  until the market maker starts selling , so be cautious .

OV_22Feb2012 

Other stocks on uptrend are EEI, MEG , SMDC .


Have fun investing !