52-week new high on Friday rule

“The 52-week new highs on Friday rule” is usually applied to the market itself and not to an individual stock.

Rule number 1: On a new 52-week high, when the market closes at or close to its high on a Friday, buy long and go home long for the weekend.

Rule number 2: Exit the long position on the opening the following Tuesday.

Rule number 3: If the market opens lower on Monday, exit the position immediately.

Originally shared by Shoyu Ramen in Finance Manila. Hope he doesn't mind me posting this one out here(sharing to other people and for personal use). Will take this one down if he doesn't want other people posting his stuff.

*Originally from Ino.com. Click the title for the original video/lesson.

Alliance Global Group, Inc. (AGI)

Can you use trendlines/triangle s-r lines like this?

Is it just me or LCB's chart looks better than LC?

Gold ($GOLD - Continuous Contract (EOD)) Index

50-EMA trade setup on gold:



Bounce from RSI-50 is a bonus. Stop-loss depends on one's risk appetite.
Take profits when you're happy.

Damn missed the boat in SMC. I was expecting it to consolidate further, around 2 to 3 days, before recovering. It caught me off guard!!!

I finally got a buy signal from JGS I am comfortable with so I put up a relevant position in it. Added some more LC. BDO seems recovering already.

My LC in the PSE-STG is already up by 46.55%! Lol. If I only had the balls when it first made its "new high" then. Oh well.

GEO had a private placement today (950M shares) at par. I hope it doesn't gap tomorrow. I'll be putting my "barya" there tomorrow.

Market, please be good so I can buy my own place. <3