1.29.12 MA PX FPH

On breakouts:

Once resistance is broken, it is common for this same resistance level to turn into support. Often, the price will return to the resistance break, and offer a second chance to buy. see MA & FPH


MA – Manila Mining – daily chart

MACD – uptrend

RSI – 68.52


PX – Philex Mining – Weekly Chart


MACD – nearing buy signal and near the zero line.

RSI may break that 56.

Volume for the last 4 weeks is increasing. Will it imitate its movement last April 2011?



FPH – daily chart – poised for flag breakout?


MACD – buy signal
RSI – 64
Volume – in consolidation


PD: I have PX & MA, no FPH.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s