Author Topic: PSE Stock: CENTURY PROPERTIES GROUP INC. (CPG) (Read 4982 times)

pmtmember · « **Reply #30 on:** Aug 19, 2012, 08:41 PM »

Has CPG finished its rally? Last Friday's candlestick formed a Hanging Man. A candlestick like this at the top of the uptrend might mean a trend reversal. So what is a Hanging Man?

Hanging Man on CPG

pmtmember · « **Reply #31 on:** Aug 22, 2012, 05:38 PM »

One thing I like about CPG is its consitency and master of faking LOL. It seems the breakout last week is another fake breakout. From the Hanging Man on the previous trade, now we are seeing a long red candlestick. This might not be a good time for CPG traders. But if you believe on its future, it might be the time to slowly add some shares or wait tell it go down more. But before we will say that CPG is the master of faking, maybe today's price movement is just because of the long vacation? Let's give him the benefit of the doubt then

Caveat!

CPG, Master of Fake?

pmtmember · « **Reply #32 on:** Sep 03, 2012, 05:29 PM »

CPG (CENTURY PROPERTIES GROUP INC.) had a good run today. Volume has gone up significantly and so was the price. It hit high at 1.57 and settled for 1.54 which is still impressive. The question is: is this for real now? Or it is just the same old false breakout? Technically, CPG broke out from the falling wedge with a good volume so its bullish. Let us see if this will be confirmed tomorrow. If want to get in, just be careful.

Was the rally today due to the news about "CPG to spend P7B to boost affordable residential property portfolio (or units at P1.5M – P3M each)."?

Is this for real CPG?

mikoangelo · « **Reply #33 on:** Sep 03, 2012, 05:57 PM »

^gaya ng sabi ni sir moks, dahil madalas mauntog si cpg sa 1.5,nagkabukol na....yung .04 ang bukol nya kya ng close above 1.5...

sana nga mag tuloy tuloy na ng mkalabas na mga ipit mula pa kay PWR

pmtmember · « **Reply #34 on:** Sep 04, 2012, 06:13 PM »

CPG wasn't able to do an impressive follow up from yesterday's good rally. Although it closes in green, its not that impressive. With volume comparatively very small than the previous, what would be the price tomorrow? Also we see a Hanging Man candlestick. Is CPG done with the rally? Going back to its cave now?

Remember that Hanging Man is a reversal pattern. If we look at CPG from early August, the trend is upward so this candlestick might be a valid for a reversal indicator candidate. But we still need confirmation tomorrow. So you better watch out

Caveat!

Hanging Man on CPG

pmtmember · « **Reply #35 on:** Sep 10, 2012, 05:21 PM »

CPG at the last few minutes doesn't want to get lower than 1.50 Majority of the time it traded in red but bulls was able to bring the price up from the low of 1.46 The question will be: will there still bulls remaining for tomorrow? Bulls always shy away after the rally thus traders always sense a fake rally for many times now. For me, if the price of this stock will not reach 2, I will just do the buy at lower spectrum of 1.4 and sell at its high spectrum. What will the Hammer do this time? Smash the bad luck? caveat!

CPG: From Hanging Man to Hammer

pmtmember · « **Reply #36 on:** Sep 12, 2012, 06:06 PM »

CPG as always, disappoints a lot of traders. After it went up a couple of days ago with good volume, the bullish sentiment is already diminishing. From the look of its diminishing volume pattern it only means one thing: traders are not interested on this stock at the moment. How many fake moves should we have for CPG? Downward bias is strong at this time. Caveat!

Disappointing CPG

pmtmember · « **Reply #37 on:** Sep 16, 2012, 08:17 PM »

Maybe a break from Ascending Triangle soon? But watch out, downtrend bias is very strong. The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.

Caveat!

Ascending Triangle

Post Merge: Sep 17, 2012, 04:40 PM

Looking at the chart it seems CPG will attempt to break the resistance soon. We have a relatively large green candlestick with buy signal on MACD. RSI not still in good level below 70. Volume increases from the previous day. Last Friday, the candlestick was touching the inclined line of the triangle threatening to break the support but today we saw a different move from CPG. Will it continue tomorrow? Caveat!

Looking good CPG

pmtmember · « **Reply #38 on:** Sep 18, 2012, 04:37 PM »

CPG is still withing the bounds of the ascending triangle (a continuation pattern). It may take a few more days before we will know where this will be heading. The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.

Caveat!

Still within the bounds

pmtmember · « **Reply #39 on:** Sep 20, 2012, 04:26 PM »

Looks like a red alert (again) for CPG as it break the support. This may go further down but may also give traders a window to get out. Candlestick doesn't suggest a bullish reversal signal. Volume is declining. Although RSI is still in a good level, it seems buyers' interest have gone again.

Caveat!

Support broken

pmtmember · « **Reply #40 on:** Oct 03, 2012, 04:45 PM »

After just a few days of rallying, CPG looks exhausted already and might give in to the bears. The price action today suggests there were a lot of traders wanted to get out. Maybe they are the old ipits? Were there new ones? Be careful with the Shooting Star. If price will gap down or if the market will create a big red candlestick tomorrow then this might reverse. Caveat!

CPG's play

Post Merge: Oct 04, 2012, 04:37 PM

Looks like CPG will not take the usual route this time. After having a Shooting Star yesterday, we have a green candlestick today with a better volume than yesterday. Is this the time we have been waiting for? Buy signal on MACD and RSI still on a good level. 1.50 might be a good price for those who entered today.

Caveat!

CPG changing rules?

pmtmember · « **Reply #41 on:** Oct 25, 2012, 04:14 PM »

CPG has been going down but we may see a rebound soon. I may go up just within its consolidation area as it now is at its bottom. Our candlestick today suggests we are now in an indecisive mood which may translate to reversal. Also price is at its support. Should it move the same way it moved last week of September then it is a good time to test the waters. Do I see double bottom here?

Caveat!

CPG, taking a cue from last month?

Tony8898 · « **Reply #42 on:** Dec 13, 2012, 12:57 PM »

I wouldn't touch this stock. You will miss the year end rally

Gee, just buy MEG! Look at its charts..walang pera si Century to do anything sexy on its stock. It's too illiquid for foreign buying.

This year end rally is big, don't miss out because of this stock..

But when it moves, This will move fast! Buy timing wise, this not the time. Just my opinion

Richard4 · « **Reply #43 on:** Dec 15, 2012, 03:48 AM »

sideways trend po ang stock. rsi says down trend. imho dont buy just yet

pmtmember · « **Reply #44 on:** Jan 21, 2013, 06:57 PM »

CPG has been in an uptrend for quite sometime now and although it had some headwinds like the one we saw last week, still the bullish trend is intact. But what about this week? Are we going to see some corrections. The last two candlesticks on our daily chart shows a basi star formation. Although we still have to wait for this week, it might form an Evening Star which is bearish in nature.

Evening Star are formations that have a high reliability for a stock to reverse current trend. Basic formation should have 1 large green candlestick, then followed by a small candlesticks that could be either red or green. There might be 2-3 of these candlesticks. The third day (or at least) should be a large red candlestick that closes around mid level of the first candlestick.

Caveat!

CPG: Are your legs still strong?