In Retrospect: CMT, PAX, WIN

CMT

CMT move down to as low as 1.10 this week breaching the long term resistance line for the second time. Trading last Friday brought the price back above the resistance line. Price may move sideways to down next week. This is now a crucial part of the stock: if price is able to hold above the support line, this means there is strength in this stock. Otherwise, price may move to the next support levels 1.08 and 0.99.

PAX

PAX moved sideways this week. Fortunately the island reversal still holds, as the gap was not filled up, this means there is still strength in this stock. However, the price level at 15.25 which is also the resistance line connecting the peaks from year 2000 to 2006. This is a classic close quarter battle between the bulls and bears. The bulls are trying to hold the gap while the bears are preventing the price to move above the resistance line. For the coming week, price may move sideways. If the gap is closed, then this is definitely a sign of weakness of the stock.

WIN

WIN went to as low as 0.31 respecting the support line of the triangle for the 3rd time. This is a good sign for this stock. This could be the next Piso stock if we try to plot the target price of the triangle. However, as I have said before, it is still too early in its formation and anything can still happen. For range trading, getting in at 0.33 would still give a good profit considering a target price of 0.44 (65 day MA)