What's Up MA?

Manila Mining has been going into consolidation for quite some time but is now moving near its apex. Let's see how this unfolds.

Leap for Lepanto?

It's a brand new month and a brand new week. Here's a new issue that caught my attention today, Lepanto Consolidated (LC). It seems like it has formed an ascending triangle with resistance around .54. See that volume increasing? MACD is bullish. Stock price is currently above all moving averages. Break out in the offing?

APX at its Apex?

Today, I sold all my holdings in PA despite the fact it opened higher at .225 (from close of .220) and even closed higher at .230. Despite taking a minimal amount of loss, this allows me to protect my previous trading gains on this issue.


PA continues to trade sideways and is just at the tip of the symmetrical triangle. However, volume I believe remains to be low and decreasing. I wonder if it could attract at least 1B shares to support a breakout. But if it does happen, I'll be there to pounce on it. I'll stay liquid for the moment.


Today, I was tempted to buy a few board lot of a mining issue, APX. It hit a 52 week high today at 7.20 before closing at 6.70. Looking at the chart, it looks like it has formed broken the resistance line. I just don't know if the last 2 day's volume is enough to hold this trend. MACD however, shows a bullish trend as well.

"Good luck to me on this issue."

San Ka PA Pupunta?

Pacifica managed to close today at .220 after having traded lower the last 2 trading days. It still moving within the triangular pattern. Let's see how this drama will unfold the next few trading days as it nears the apex of the triangle.

"Parang match na match ang bears and bulls at this moment."

What's Up PA?

PA managed to open at the previous day's close but failed to sustain previous day's momentum. In fact it did went down to as low as .210 before closing at .215. Could this be a start of a reversal? A lot is expecting news from yesterday's ASM. I haven't heard of any as of this writing.

I'm at the crosssroads right now. I believe support right now is around .200 - .205. If this doesn't manage to recover by Monday, I guess it's goodbye PA for now.