Stock in Focus: Pancake House Inc. (PCKH)

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Pancake House (stock symbol: PCKH) has “cooked up” two volatile gap-up moves right at the 40 level since June 30.

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Philippine Stock Exchange, Pancake House_PCKH Daily chart, August 8, 2014

PCKH Daily chart, August 8, 2014

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After the “pancake toss” to the July 10 high of 90, this pancake has flattened out around the 60 level. If broken, this important area would open the opportunity for a gap-closing ceremony all the way back to 40. Resistance lies around 80-100.

The Detrended Price Oscillator (DPO) has remained below the zero level for quite some time now.

Given the volatility we’ve seen in Pancake House, you should tread very carefully.

Do you have PCKH in your portfolio? Share your thoughts below!

IMPORTANT: Change of corporate name — PCKH has been replaced by MAXS starting September 5, 2014.

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