{"id":16204,"date":"2010-12-03T07:33:56","date_gmt":"2010-12-03T12:33:56","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=16204"},"modified":"2010-12-03T07:33:56","modified_gmt":"2010-12-03T12:33:56","slug":"bearish-reversal-seen-on-dmc","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/12\/03\/bearish-reversal-seen-on-dmc\/","title":{"rendered":"Bearish Reversal Seen on DMC"},"content":{"rendered":"<p><a href=\"http:\/\/static.seekingalpha.com\/uploads\/2010\/12\/2\/650046-12913511623748-lytman02_origin.png\"><img decoding=\"async\" src=\"http:\/\/static.seekingalpha.com\/uploads\/2010\/12\/2\/650046-12913511623748-lytman02.png\" alt=\"\" hspace=\"6\" vspace=\"6\" \/><\/a><\/p>\n<p>DMCI Holdings, Inc. or DMC, which is one of the leading construction  firms in the Philippines, has been one of the best stock performers  since the start of 2009. During the start of 2009, the company\u2019s shares  opened at PHP 2.26 in 2009. Since then, its shares has picked speed  until it soared to a high of PHP 41.00 in November 5, 2010. Now that\u2019s a  whopping 1,814% gain in less than two years! If only I had placed 1  million back then, I could have retired comfortably by now. Oh well.<\/p>\n<p>Looking at DMC\u2019s daily chart, it seems though that it is already  bound for a bearish reversal. It\u2019s glory days may already have been over  as it just broke down from a head and shoulders formation. During the  last couple of days, it managed to rally but the neckline of the head  and shoulders acted as a strong resistance which would most likely push  its price back down. In the next trading sessions, if it is unable to  clear above the neckline then it could turn south and fall down to its  minimum downside target of about PHP 26.00.<\/p>\n<p>More on <a href=\"http:\/\/www.laidtrades.com\/\">LaidTrades.com<\/a> &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DMCI Holdings, Inc. or DMC, which is one of the leading construction firms in the Philippines, has been one of the best stock performers since the start of 2009. During the start of 2009, the company\u2019s shares opened at PHP 2.26 in 2009. Since then, its shares has picked speed until it soared to a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/12\/03\/bearish-reversal-seen-on-dmc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Bearish Reversal Seen on DMC&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-16204","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/16204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=16204"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/16204\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=16204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=16204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=16204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}