{"id":17175,"date":"2010-12-22T02:28:56","date_gmt":"2010-12-22T07:28:56","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=17175"},"modified":"2010-12-22T02:28:56","modified_gmt":"2010-12-22T07:28:56","slug":"dmci-calm-before-another-bullish-storm","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/12\/22\/dmci-calm-before-another-bullish-storm\/","title":{"rendered":"DMCI: Calm Before Another Bullish Storm?"},"content":{"rendered":"<p><a href=\"http:\/\/static.seekingalpha.com\/uploads\/2010\/12\/22\/650046-12930026173826-lytman02_origin.png\"><img decoding=\"async\" src=\"http:\/\/static.seekingalpha.com\/uploads\/2010\/12\/22\/650046-12930026173826-lytman02.png\" alt=\"\" hspace=\"6\" vspace=\"6\" \/><\/a><\/p>\n<p>Shareholders of the DMCI Holdings, Inc. or DMC in the Philippine  Stock Exchange must have been partying all season long because of the  unbelievable performance of the stock. Imagine, DMC only started trading  at below PHP 10.00 in January 2010. And before you know it, DMC shares  already reached a high of PHP 41.00 last November. Incredible! Anyway,  after reaching the said high, DMC appears to have lost its upward  momentum and has been trading flat ever since. Are shareholders just  cashing their profits? Are we seeing a start of a downtrend? Or is DMC  just gathering enough legs to propel itself to the sky once again?<\/p>\n<p>From a technical perspective, after topping at PHP 41.00, DMC has  been consolidating into a symmetrical triangle or a inverted head and  shoulders (continuation) pattern. An upside breakout is more likely than  a breakdown since the pattern is coming off an uptrend. Therefore, if  DMC moves above the triangle&rsquo;s resistance or the head and shoulder&rsquo;s  neckline, then it could easily revisit its former high. Now, a break  above PHP 41.00 could send it to uncharted territories. Is this  possible? Of course, especially since the long term uptrend of the stock  is very much intact. So what I&rsquo;m going to do is to wait for a breakout  which is confirmed by surge in volume before getting in. <\/p>\n<p>More on <a href=\"http:\/\/www.laidtrades.com\/\">LaidTrades.com<\/a> &#8230;<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shareholders of the DMCI Holdings, Inc. or DMC in the Philippine Stock Exchange must have been partying all season long because of the unbelievable performance of the stock. Imagine, DMC only started trading at below PHP 10.00 in January 2010. And before you know it, DMC shares already reached a high of PHP 41.00 last &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/12\/22\/dmci-calm-before-another-bullish-storm\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;DMCI: Calm Before Another Bullish Storm?&#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-17175","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/17175","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=17175"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/17175\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=17175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=17175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=17175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}