• Rang the Bell on BELLE; Easy 11% Profits in 3 Days!

    Rang the Bell on BELLE; Easy 11% Profits in 3 Days!

    BEL write-up from the Trading Edge Equity Advisor:

    February 28, 2016

    In our Equity Advisor issue dated February 15, we noted that Belle Corporation (BEL) would start to pivot higher and aim for at least Php3.00. Fast forward to today, one can see that the stock has indeed reached and even surpassed the mentioned target. Moving forward, a new break above a dual resistance (prior support at Php3.00 and its downtrend line) at the Php3.00 handle should carry it towards its next hurdle at Php3.58.

    belle corporation BEL resistance downtrend breakout 02.28.16

    BEL write-up from the Trading Edge Equity Advisor:

    February 15, 2016

    A combination of an attractive cash dividend payout (roughly 5% at the low Php2.00’s) and an active company buyback program has halted the decline Belle Corporation (BEL) and has actually led it to rally. Technically, the stock may even extend its bounce due to its recent break from what seems to be a near term bullish reversal that resembles a cup and handle. Its rise above its resistance at Php2.50 may then send it towards its next notable barrier at Php3.00.

    belle corporation BEL cup and handle breakout 02.15.16

    BEL write-up from the Trading Edge Equity Advisor:

    December 20, 2015

    Belle Corporation (BEL) may likely have an even colder Christmas. The reason for this is its recent break from its supposed support at Php3.00. Its fall from the said handle may lead to loss taking actions from current holders which may in turn lead to an even faster decline for the stock. Given its fall below Php3.00, BEL may likely extend its losses and head towards Php2.20 to Php2.40.

    belle corporation BEL breakdown support 12.20.15


    To know more about the Trading Edge Equity Advisor kindly click HERE. Subscribe now to receive email alerts before the price moves! 🙂

    *Consensus target price or average target price given by the major foreign and local brokers of various stocks on top of index names are available in our Equity Advisor!

    For those who are interested in technical analysis or learning how to profit using charts, we have an upcoming Technical Analysis Course on April 2 to April 3, 2016. For more information, you may send us a direct message here or text/call (+63) 917 899 90 09.

    Share on FacebookTweet about this on TwitterShare on Google+Share on LinkedInShare on TumblrPin on PinterestShare on StumbleUponShare on RedditDigg thisBuffer this pageFlattr the authorEmail this to someone