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THE LIVE CAT BOUNCE (PXP)

I wrote about dead cat bounces and live ones on Oct 3, 2017 referring to PXP here:

https://pixiutrades.wordpress.com/2017/10/03/dead-cat-bounces/

Here was PXP last Friday, Oct 6.   I posted this at Simple Trader at Bookaka.com

pxp2.jpg

Here is PXP today, Oct 9, 2017
pxpoct9.jpg

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MANILA JOCKEY CLUB (MJC)

mjc.jpg
This deserves a unicorn..
unicorn_flying_detail.jpg

Some charts from Simple Trader at Bookaka.com

APX
Reversal spotted at .786 fibo
Spot = 1.82 ( Oct 3, 2017)
Current high = 2 (Oct 4, 2017)
Gain as of today 9.8%
apx

PXP
Bounced at EMA 21 line
Spot 6.60 (Oct 3, 2017)
Current high 8.60 (Oct 4, 2017)
Gain as of today 30%

pxp

This bounce was based on strong monthly tenkan sen support at 6.49 below

pxpmonthly

At midday of Oct 3, we spotted this pattern showing continued bounce with initial resistance at 7.30

pxp2

The chart below shows that this was not just a dead cat bounce . The price bounce exceeded 50% retracement with volume.

dcb

RWM 
This chart shows pick up point for RWM at the correction
range =3.85 to 4.04
Bounce materialized at 3.99

rwm

IMI

Breakout alert above 18.70 on Oct 3, 2017
Current high 20.20 Oct 4, 2017
Gain 8%

imi

AGI
Kumo breakout at 14.50 on July 27, 2017
agib

On Sept 11, it hit reverse Fibonacci resistance at 14.96
It corrected back to 14.58 the bounced back

agi

Target pegged at 18.76
agi

On Sept 24, 2017 it hit another resistance at
agi

Trend resumes on October 3, 2017

Current price 17.10agi.jpg

DNL
Bottom at 9.98
Range Resistance at 10.36/ Tenkan sen at 10.40
Price bounced at 10 today. Current price at 10.28

dnl.jpg

 

BDO
Posted Oct 3, 2017
Spot 132.30
Current 134.70 (Oct 4, 2017)
bdo.jpg

DEAD CAT BOUNCES AND LIVE ONES

Here is the chart of PXP showing Dead Cat Bounce on Sept 27, 2017 and a Live Cat Bounce (I just made this up)  on Oct . 3 , 2017.

Here are the criteria for a DCB and a LCB .

dcb.jpg

2 criteria to determine the strength of bounce:

1) volume vs previous day
2) extent of bounce

The sept 27 bounce:
1) volume vs previous day – not exceeded
2) could  not retrace above 50%
This was a dead cat bounce.

cat.jpg

The October  3 bounce :

1) volume vs previous day exceeded
2) 50% retracement exceeded

This was a live cat bounce.

lcb.jpg

PSEI and Unicorns in my mind

My friend asked me whether PSEI will reach 10000 and when.
I am not a unicorn and I have no magic powers.
However my imagination brought me to this. I am placing this chart here for me to snicker and giggle at in May 2019.

Just for laughs.

psei.jpg

unicorn_flying_detail.jpg

MANILA JOCKEY CLUB

Above monthly kumo
mjcmonthly.jpg

PHILEX PETROLEUM (PXP)

PXP Monthly chartpxpmonthly.jpg

MANILA JOCKEY CLUB (MJC)

mjc2.jpg

MANILA JOCKEY CLUB (MJC)

3 MINUTE CHART- pennant

mjc3min.jpg

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