DMC
DMC still hasn’t reached the target price of P13. Price was stopped at P12 and opened lower on the first trading day. What I think was positive for this stock was that during the days that it was sold down, volume was low. This might be an indicator that a lot are still bullish with this stock and are still holding on to it. On the last trading day, the stock opened and closed on the same price level, so this means anything can still happen by next week. As of current, resistance is still at P12 and there maybe support at price levels 10.75-11.25. This may consolidate for a while, but considering the position of the 65 day MA and the 130 day MA, this looks like it is poised for a cross over and continue the upward move. The crossover may be used as a buy signal.
AJO
AJO was also stopped from achieving the target price of 0.21. Bullishness is still with the stock because even if there was large volume on the sell down on Wed, there was just as must trades on the day after where the stock was bought up. However, this stock will still further consolidate and the condition may still shift. As of current support is at 0.15. The 65 day MA crossover with 130 day MA can be used as a buy signal.
No comments:
Post a Comment