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April 11th, 2006 02:53 PM #11
the charts for mining stocks are going crazy!!!
LCB - broke out of its previous resistance at 0.28, tested 0.31 and is now at 0.34. good volume. could it shoot for its previous high of 0.50 or its 1997 high of 0.80? MACD way above 0 and standing up ad straight like a soldier in front of a general but RSI telling me it might be a little overboght. but then again, so is PX/B. could this be a reversal to its 04 3rd quarter level? long term chart looks bullish. i am observing this because if its like a runaway train like PX/B, im jumping in.
LC - this giant woke up na rin, busting out of 0.24 and going up, up and away. its now 0.32 with more volume than LCB. looks like investors learned their lesson from PX/B and going for the A shares. that previous high of 0.36 looks fixed firmly in its sights. after that, there's the 0.40 and 0.45 high. its 1997 high is 0.60. MACD standing up and erect. could this be a continuation of its uptrend since 2002? tempting.
APX - looks bullish, shot past its previous high of 1.40 and is now at 1.94. parang mahirap na habulin. on the long term, shot out of its consolidation in 2005. looks like reversal na sya, and that's good to me. MACD climbing. but volume is lesser than LC/B
APXB - looks like it achieved its cup-and-handle target of around 1.80. its already doing 1.94. di ko rin alam ung pwede pa habulin. MACD surfacing out O level. like the A shares, bullish and steady climb. like A shares, reversal na reversal na talaga sya.
AT - consolidating and testing the 7.00 level. hina volume. MACD headed south. pero overall bullish uptrend din.
whew! kakahilo! disclaimer guys ha!! dont blame moi if you take a hit hehehe
good luck guys!
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