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| EEI stock - Philippine Stock Exchange Market (PSE) |
Notes on EEI CORPORATION stock - July 4, 2012
EEI Corporation (PSE Stock Code: EEI) has very good fundamentals (huge line-up of projects in the future and made ~80% jump on profits this year). I bought it at Price P6.2/sh last 6/28/2012, now it's at 6.65 and I have a gain of 6.76% after a week. A look at Technicals also helped.
Will set up my price stop targets.. but contemplating on concentrating it more on a long-term (maybe on cost-averaging mode na lang). Hopefully it resumes its uptrend. It's still on HOLD status by COL (CitisecOnline) since 6/18, but technicals seems to show a different thing.
RSI (entering ~70%) seems to show it's nearing overbought levels, but this could be temporary. MACD is picking up, as well as Volume (it seems). Still need more in-depth work & study on this to get to figure out the outlook better. But uptrend looks very promising.
Seems like I'm winning (timing na timing!). I got it just before it went straight up. I wished I stacked up more cash for this - but that's how stock investing is: you will never know if you did the best thing when you start a bid (because there are risks), but you will get to decide or know, or learn, days or weeks after if it was indeed a good choice. You can trust your instincts; but experience, continuous study and vigilance will really help in a long way.
Entered this on my Stock Market Journal (for Philippine Stock Market).
