Here’s Where I Would Be Buying More of CNPF, DD, LC, MCP, and PLC If I Bought Them Near Support

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Stock Analysis - JayceeDeGuzman.com

In this article, I’ll be talking about CNPF, DD, LC, MCP, and PLC. Why? These are the top 5 gainers by trade value as of June 6, 2016 at 12 noon. Let me put a caveat. The title of this article says “Here’s Where I Would Be Buying These 5 Stocks If I Bought Them Near Support”.

The title is a conditional statement. I am not saying you should or should not trade these stocks. I am not saying I have or do not have these 5 stocks. Please have your own disposition after reading this article. What I’m doing here is I’m demonstrating one of the uses of our price-volume distribution calculator. Let me emphasize the artificial scenario I created to send my message across:

  • Let’s assume I was able to enter a new position near the support of each of these 5 stocks. Meaning, I already got a good foundation on these stocks.
  • Let’s say I’d like to buy more shares because their current price is still within my tradable range. I’d like to buy more shares today.

Given this scenario, at what price range I would buy more shares?

PLC – Premium Leisure Corp.

Buying Range: 1.04-1.08

PLC - Premium Leisure Corp. - Price-Volume Distribution Chart - June 6, 2016

CNPF – Century Pacific Food, Inc.

Buying Range: 21.95-22.10

CNPF - Century Pacific Food, Inc. - Price-Volume Distribution Chart - June 6, 2016

DD – DoubleDragon Properties Corp

Buying Range: 57.00-57.70

DD - DoubleDragon Properties Corp. - Price-Volume Distribution Chart - June 6, 2016

LC – Lepanto Consolidated Mining Co. A

Buying Range: 0.25-0.255

LC - Lepanto Consolidated Mining Co. A - Price-Volume Distribution Chart - June 6, 2016

MCP – Melco Crown (Philippines) Resorts Corporation

Buying Range: 2.43-2.47

MCP - Melco Crown (Philippines) Resorts Corporation - Price-Volume Distribution Chart - June 6, 2016

Do you find this helpful? Let me know in the comments.

Jaycee De Guzman

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