{"id":20650,"date":"2011-04-13T22:08:46","date_gmt":"2011-04-14T02:08:46","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20650"},"modified":"2011-04-13T22:08:46","modified_gmt":"2011-04-14T02:08:46","slug":"bear-alert-on-southeast-asia-cement-holdings-cmt","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/04\/13\/bear-alert-on-southeast-asia-cement-holdings-cmt\/","title":{"rendered":"Bear Alert on Southeast Asia Cement Holdings (CMT)"},"content":{"rendered":"<p><a href=\"http:\/\/www.laidtrades.com\/wp-content\/uploads\/2011\/04\/southeast-asia-cement-holdings-CMT-april-14-2011.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-8659 size-medium\" title=\"southeast asia cement holdings CMT april 14, 2011\" src=\"http:\/\/www.laidtrades.com\/wp-content\/uploads\/2011\/04\/southeast-asia-cement-holdings-CMT-april-14-2011-300x170.png\" alt=\"southeast asia cement holdings, CMT philippine stocks, head and shoulders, rising wedge, ron acoba, daily stock picks, stock market trading\" width=\"300\" height=\"170\" \/><\/a><\/p>\n<p>Putting  your money into the shares of Southeast Asia Cement Holdings or CMT in  the Philippine Stock Exchange is a bad idea for me as of the moment.  Well, at least that&rsquo;s what its chart is telling me.&nbsp;<\/p>\n<p>CMT has actually performed so well during the past 6 weeks when it  bounced from a low of around PHP 1.20 all the way up near PHP 1.80. But  don&rsquo;t get fooled by this price action as looking further will tell you  that this recent run-up could be nothing more than a short term rally.  As you can see from its chart above, CMT broke down from a head and  shoulders pattern. Shortly after it did, it found its way to a low of  PHP 1.20. It then rebounded into what appears to be a rising wedge  pattern. Now, a rising wedge is generally a bearish pattern since it  also represents a temporary bounce in prices. In any case, a fall below  the wedge&rsquo;s support could send it all the way back to PHP 1.20. Notice  also that peak of the wedge coincides with the 50% Fibonacci retracement  that I drew. This further indicate the possibility of a break down  soon.<\/p>\n<p>So beware and stay on your toes. <\/p>\n<p>More on <a href=\"http:\/\/www.laidtrades.com\/\">LaidTrades.com<\/a> &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Putting your money into the shares of Southeast Asia Cement Holdings or CMT in the Philippine Stock Exchange is a bad idea for me as of the moment. Well, at least that&rsquo;s what its chart is telling me.&nbsp; CMT has actually performed so well during the past 6 weeks when it bounced from a low &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/04\/13\/bear-alert-on-southeast-asia-cement-holdings-cmt\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Bear Alert on Southeast Asia Cement Holdings (CMT)&#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-20650","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20650","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=20650"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20650\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}