Will Philex Mining (PX) follow Meralco (MER) trend?
Big time stock market veterans might be on the verge of bid war in acquiring shares of ownership with Philex Mining (PX). Be expecting the two big group who are suspected to be responsible on Meralco’s (MER) sudden boom in price value for the past months will continue to do some bidding business!
To quote a post from pinoymoneytalk.com”
In just one week, the price of PX has ballooned by 36%, closing today (August 11) at P10.75.
Look at the recent 3 trading days’ price increase of PX:
* August 7: Closed at P9.00; up 13.9% from previous trading day
* August 10: Closed at P9.90; up 10.0%
* August 11: Closed at P10.75; up 8.6%
Are you interested in buying PX now? Buy at 10.50 or below. Target to sell at 12. But hold to buy at 9 just in case it goes south. Note, PX is quite into the bullish trend and our current market is not yet so BULLISH yet. So how much more if it is? Profit! This is just my view, if you take it, it’s up to you. Happy trading!
Categories: Hot Topic, Stock Trading, Technical Analysis Tags: Arroyo, bullish, bullish market, buying stocks, cash, equities, equity, GMA, INCOME, MER, meralco, money, Philex mining, Philippines, President Arroyo, profit, PSE, PX, selling stocks, Stock Market, stock trade, Stock Trading, STOCKS, today's buzz