One stock I've been following for quite some time now (see my earlier post on CEI) as I took position on this last January 18 after the stock split. Turnover after however was very slow. It was a wrong decision to enter then as the stock hasn't broken out from any pattern. I was just anticipating that the handle of the cup formation was being formed from what appeared to me then as a descending wedge. Today, after holding the stock for more than 2 months, I decided to post sell my position at 0.08 prior to my meeting at 9:30 am only to find out later that it went on a rampage today. Whew! Talking about timing huh? Well, am not sad at all as this stock has gone out of hibernation and perhaps on its way to forming this beautiful cup and handle formation. Breakout point is estimated around .01-.011. This stock could be very rewarding when that happens. With the volume exhibited today, maybe it's not yet late to join the ride tomorrow for Crown Equities could be a jewel in the making.
Showing posts with label CEI. Show all posts
Showing posts with label CEI. Show all posts
Thursday, April 3, 2008
Today's Top Gainer: CEI
One stock I've been following for quite some time now (see my earlier post on CEI) as I took position on this last January 18 after the stock split. Turnover after however was very slow. It was a wrong decision to enter then as the stock hasn't broken out from any pattern. I was just anticipating that the handle of the cup formation was being formed from what appeared to me then as a descending wedge. Today, after holding the stock for more than 2 months, I decided to post sell my position at 0.08 prior to my meeting at 9:30 am only to find out later that it went on a rampage today. Whew! Talking about timing huh? Well, am not sad at all as this stock has gone out of hibernation and perhaps on its way to forming this beautiful cup and handle formation. Breakout point is estimated around .01-.011. This stock could be very rewarding when that happens. With the volume exhibited today, maybe it's not yet late to join the ride tomorrow for Crown Equities could be a jewel in the making.
Wednesday, January 16, 2008
Crown Equities, Inc.: A Jewel In the Making?
Today's bloodbath left a lot of charts dirty and ugly. However, there's at least one issue that was spared from the selloff. And that's because trading for this stock has been voluntarily suspended. As I study this chart, I initially saw a descending wedge pattern, a bullish signal. And then, when I zoomed out my chart, this is what I saw....
Whoa! isn't that a beauty? it's been forming a bullish cup and handle pattern. Upside is around P0.70 upon breakout and my personal target on this is at around P1.50. Isn't that exciting for a stock that closed at P0.55 last week before the trading suspension? Well, watch out. Trading is going to resume in 2 days...This I would love to play.
Whoa! isn't that a beauty? it's been forming a bullish cup and handle pattern. Upside is around P0.70 upon breakout and my personal target on this is at around P1.50. Isn't that exciting for a stock that closed at P0.55 last week before the trading suspension? Well, watch out. Trading is going to resume in 2 days...This I would love to play.
Subscribe to:
Posts (Atom)