Stock Picks For Tomorrow

PHILEX MINING CORPORATION (PX) and ATLAS CONSOLIDATED MINING & DEVELOPMENT CORPORATION (AT) closed P14.78 and 17.36 respectively .They might continue to surge up tomorrow as both closed with a white opening Marubozu, a bullish candlestick pattern. Keep an eye on these two stocks tomorrow as they might continue their momentum on the second day. PX has an initial target price of P16 and AT is P20.

Watch also IPVG CORPORATION (IP) tomorrow. It is one of the top gainer today. This might continue to go up as IP closed with a white Marubozu. The White Marubozu is a long white body with no shadows on either end. This is an extremely strong pattern. There might be also a play on IP because it’s subsidiary IP Converge (CLOUD) will have an IPO on December 09, 2010. IP has an initial target price of P2.00.

See chart below:

PX Chart

AT Chart

IP Chart