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STI EDUCATION SYSTEMS INC. (STI)

$STI Shared from Simple Trader premium, posted yesterday
Buy at 1.22 Current price: 1.31
sti.jpg

LEISURE AND RESORTS WORLD CORP.

$LR Shared from SIMPLE TRADER premium, posted yesterday AT BOOKAKA.COM
Bounce points as indicated. Spot: 4.30 Current price: 4.43 Gain: 3%
Aug 2 chartlr.jpg
Aug 3 chart
lrc.jpg

BDO UNIBANK INC. (BDO)

What we said about BDO Unibank
Currently this broke above previous high.
Now trading at all time high at 130bdo.jpg

AYALA LAND INC. (ALI)

What we said about ALI yesterday
Bounce point at 40.84
ali.jpg
Today, ALI bounced at 40.95 . We were 11 cents off!
Oh well, current price at 42.15
alib.jpg

On Bounces and 3 minute charts

IMI

Last night , a Simple Trader Premium  subscriber asked about IMI and showed me a very convincing chart setup of a   double bottom at sma 50
I looked back into   this IMI daily chart that we posted on July 26

For clarity and direction, I looked into the 3 min chart to find signs of reversal or nonreversal.

Here is what I came up with
There are a few things we have to look for in determining possible bounces (3 min chart):
1) volume capitulation
2) bullish divergence on RSI and higher lows
3) converged moving averages

IMI had all three elements. Nonetheless ,these 3 are merely consultants and  PRICE is  still king so we take our cues from that.

Your buy point is when:
1) there is a bulish ema crossover ( check)
2)  price breaks above 50 and 100 moving averages. Right now the only hindrance is sma 100. If price breaks that, then buy and use that as your stop loss

The stochastics are overbought so it might make a slight intraday pullback as well.

ACE

Seeing that WPI had ben aggressive today, we look at its little niece, ACE for possible signs of following uncle’s footsteps.
ACE shows this on the daily chart. 

Looking into the 3 minute chart we find this:

LSC

ANother security that had gotten to an oversold condition is LSC, and thus also shows possible bounce play. Here is the daily chart.

Here is the 3 minute chart

Do they satisfy our conditions of a bullish reversal?

WATERFRONT PHILS INC. (WPI)

Yesterday’s chart (July 31) at Simpletrader Premium  at Bookaka.com
Spot: 1.20
Trigger to buy is a break above 1.21wpib.jpg

Today’s chart (Aug 1) :
Close at 1.38
Gain: 14%
wpi.jpg

Subscribe to Simple Trader at Bookaka.com

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PHILIPPINE H2O VENTURES CORP. (H2O)

h2o.jpg

GEOGRACE RESOURCES (GEO)

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PHILIPPINE STOCK EXCHANGE INDEX (PSEI)

What is doing right now is completing the 5th leg down of its triangle. Monthly supports at 7794/ 7631 /7423 then 7100.psei.jpg

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