NOW: Might Still Continue to Consolidate at 4.30 to 4.20 Level, Stochastic Blue Line Crossover Above the Red Line at Oversold Level

If you make a darvas box on NOW, you can see that it consolidates between 4.30 and 3.20 Peso level. However it showed an inverted hammer candle which might be a sign of reversal for swing traders. Yung stocha naman is ang blue line already crossed over above the red line at oversold level, which is also a buying signal.

Possible Plays:

For Swing Traders: you may buy a few ticks above the inverted hammer candle and stoploss is just below the low of it.

For Position Traders: You can do a test buy if it pierced through MA9 which is the yellow line, if it holds at MA9 then good. 

Darvas Box Trader will or may wait for the breakout from 4.30 level which is the strong resistance of the consolidation with good amount of volume.

The Decision is still Yours... TAYOR mga Boss :)!

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CHP Showed Signs of Reversal Candle, Already Trading Above MA100, Volume Declining During Pullback (Healthy Trend)

CHP showed signs of reversal candle, already trading above MA100, Volume declining during pullback (Healthy Pullback). Did not even touch 38.2% Fibo Level.

Addition Notes and Possible Play

• Bounced from it's historical support at 2.30
• Bounced from it's upper trendline
• Possible TP point for Tsupiteros is the previous resistance
• You may buy a few ticks above the high of the SOR candle
• Stop loss is just below the low of the SOR candle, if it will go below the low of the SOR candle then there must be something wrong...
• Position trader may add for everyback pullback

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2 Candidates with High Probabilities for A Successful Breakout - CHP and FLI with Massive Volume

CHP just broke out from it's previous conso and also did a breakout from 38.2% Fibo level with massive volume, thrice than it's daily average volume. Candle is longest range in the past 10 days, highest high in the past 2 months and closed near it's high, above 50% of the candle's range. 

FLI did also a breakout with volume from 1.50 to 1.40 consolidation range. Also, notice huge volume last year in September but price movement is minimal. This maybe a block sale with uncommon volume surge signifying a possible trend in the upcoming weeks or months and should be monitored.

Possible Scenario: Perhaps will do a correction and if you missed the breakout, just wait for the golden pullback (first pullback from a successful breakout) before you hop in.

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TBGI ADX Continues to Go Up, IF TBGI Holds at MA9 - Jan. 7, 2019

TBGI ADX Continues to Go Up. Hopefully TBGI holds @ MA9

TBGI Possible Cut Loss Points/ Cut Loss Options/ Trail Stop:

• Below MA9
• Below .44
• Below .43

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