StockWatch: AGI

I bought AGI last week @ 3.65 because I saw the falling wedge pattern. I was at first skeptical because it seems to be early to breakout from the wedge since it has only three touching point. Anyway, I still took the risk partly because I read in the paper that AGI has launched a buy-back program.

After buying @ 3.65 I set my target price @ 4.15 based on my wedge pattern. So last Friday, I posted @ 4.15 and it got matched.

AGI last Friday closed @ 4.65 with a very tall white candle. It seems AGI is aggressive in its buy back program campaign.

DOW ended in read last Friday so I wonder if AGI will do a pullback tomorrow. I wonder at what point will AGI pull back. I measured the retracement 50% - 4.25 or since it's bullish might retrace only at 38.2% - 4.35.

Anyway, let's see how this stock move - I'll definitely be watching this stock.

StockWatch: PSEi, I, ISM

PSEi - Yikes! Everytime I saw something like this, it means avoid!


I - Right on target, sold my I @ 4.20. Wonder how this issue will perform tom and onwards? will this form a flag? range trade (4-4.30)? or spike? It will be nice if this form a flag, at least there is something to look forward to in this market mood.




ISM - The bull kept on fighting! Look at all the T-candles for the past six trading days! Will this form a falling wedge or a flag? That's a big flag pole! Imagine if this indeed is a flag shoot up that's double your money!

StockWatch: ABS, I

ABS seems to have remain strong these past few days. I re-drew my upward channel guide. If ABS breakout from the upward channel my target price will be @ 20.50 (that's almost 10%)

I - My chart reflects a rounding bottom. And, I has breakout from the resistance @ 3.25. It seems I is about to reach the target price @ 4.20. More, this is one of the few stocks that is up these past few days.