MARKET HEADLINE: SHORT SELLING BY OCTOBER

PHINMA Energy Corp.
#31
Nice one TA! Sakto yung entry ko. Smile Problema lang sa ngayon kumapal nanaman seller's side. Pero bullish ako dito long term, baby AP in the making.
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#32
Akyat ka na sa 1.30 bukas ha. PJ pakitulak pataas. Smile
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#33
TA’s price has been moving inside a symmetrical triangle in the last 8-10 trading days. Once the price breaks out of the triangle (expected within 5 days), major move could occur, up or down we do not know yet.

TA's MACD is bullish. Its RSI has managed to remain above 50%.

My personal assessment is that TA will make a major move upwards, with a price target of 1.37 from its closing today of 1.12, or a 22% gain.

Caveat: Be ready to cut loss at 1.09. My rooster holds some TA stocks. Tongue
"In everything God works for the good of those who love Him, whom He has called according to His plan." - Romans 8:28
That belief is not to subject to change. On my other takes, you take sole risk if my rooster is serious or just heckling.
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#34
ahmmm.. Possible kaya Sir Muscleman na i-fill muna niya yung gap sa 1.09 before going upwards and breaking out? I'm actually planning to buy @ below 1.10 levels, but di pa rin naman ako ganon ka confident sa mga analysis ko kaya kelangan ko rin ng inputs from the experts.. Big Grin

PD: I have some TA, bought @ 1.14 levels
~In all your ways, acknowledge God.

Initializing Bazura Mode...
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#35
Luc23, filling the gap @ 1.09 possible too. We could adjust the stop to 1.08, but I would definitely cut loss there.

If one looks at TA's daily line chart (instead of candle), there are two more patterns visible, depending on the viewer's imagination (or bias) Tongue
1. a pole and pennant
2. a bigger cup starting 4/25

Both seem to confirm the 1.37 TP. Caveat.
"In everything God works for the good of those who love Him, whom He has called according to His plan." - Romans 8:28
That belief is not to subject to change. On my other takes, you take sole risk if my rooster is serious or just heckling.
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#36
sir muscleman, kelan po ito sisipa pataas??? Smile
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#37
mga boss share ko lang Smile

[Image: ta07112011.png]
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#38
Signing of Farm-in Agreement and Deed of Assignment with Pitkin Petroleum Plc.

http://www.pse.com.ph/html/disclosure/pd...162_TA.pdf

Note: Currently, TA has 7.78% participating interest.

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#39
a bigger pattern for TA Smile
[Image: ta07252011.png]
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#40
Exploration area to grow


LISTED TRANS-ASIA Oil and Energy Development Corp. and other members of the service contract 51 consortium will enter another phase of exploration in Leyte. “The Department of Energy approved the service contract 51 consortium’s entry into exploration sub-phase 4, with a work commitment of 100 line-kilometers of onshore 2D seismic program and a corresponding financial obligation of $3 million,” Trans-Asia said in a disclosure to the bourse yesterday. The service contract is located in Leyte. The area is estimated to produce two million to 18 million barrels of oil. Drilling began in April and may cost $2.5 million to $3 million. The drilling was estimated to be completed within 27 days. The service contract covers 332,000 hectares. Trans-Asia’s consortium partners include Alcorn Gold Resources Corp., PetroEnergy Resources Corp. and NorAsian Energy Ltd., a unit of Otto Energy. Otto Energy was supposed to transfer 40% equity in SC 51 to Swan Oil and Gas Ltd. but remain as operator. A “farm out” agreement allows a company to offer part of its participating shares in a service contract to another company to help fund projects in the area. Shares of Trans-Asia closed flat at P1.03 a piece.


http://www.bworldonline.com/content.php?...s&id=37762
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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