In accordance with our Independence Day commitment, following is our Technical Analysis of MAXS (MAX’S GROUP, INC.)  as of August 10, 2015.


This is the second of our THREE for FREE for this week.




TA – The Responsible Trader’s Way – No Hyping, No Bashing, Just Plain Cold Facts.


1.   Near completion of Rounding Bottom. The stock seems to be in the process of completing a Rounding Bottom Chart Pattern.  A breakout from P28.55 (38.2% Fibo) could send the stock to its Pattern Target of P32.85.

2.   Price action above 15 EMA and 20 SMA – Bullish – Short Term. Recent price action above 15 EMA and 20 SMA shows that the stock in Bullish on the Short Term.

3.   Price action above 50 SMA – Bullish – Medium Term. Recent price action above 50 SMA shows that the stock is Bullish on the Medium Term.




1.   Last candlestick Dark Cloud Cover. The last candlestick seems to be a Dark Cloud cover suggesting a price pullback. Furthermore,  the sudden steep rise in price might not be sustainable in the long term.




1.  Price action at  200 SMA. The price action at  200 SMA appears Neutral.  From the Chart, we can see that except for the period from mid July up to present, most of the price action have been below the 200 SMA.





1.   Positive points are things that could work in your favor. Negative points are things that you have to watch out for.

2.   On the opposite side of Pattern Targets are Pattern Failures. In case you decide to take this trade, always remember to set a stop loss based on your established risk tolerance level.
The Chart and Analysis is presented for educational purposes only and should NEVER BE TAKEN as a RECOMMENDATION to BUY, HOLD, or SELL.
Please trade with CAUTION, please trade with CARE. As always, IT’S YOUR TAKE, IT’S YOUR CALL. IT’S YOUR MONEY AFTER ALL.


Good luck on all your trades.

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