TechFilipino » Stocks http://techfilipino.com Entrepreneurship, Technology and my Journey Sun, 18 May 2014 15:41:44 +0000 en-US hourly 1 Trader’s Logbook Philippines Stock Market Stocks Worth Watching December 16 – 20, 2013http://techfilipino.com/traders-logbook-philippines-stock-market-stocks-worth-watching-december-16-20-2013/ http://techfilipino.com/traders-logbook-philippines-stock-market-stocks-worth-watching-december-16-20-2013/#comments Sun, 15 Dec 2013 14:37:52 +0000 http://techfilipino.com/?p=6116 Last whole week for the year 2013 and so far this past few weeks has been a disappointment for the traders as our index continue to fall. The recent fall has now confirmed the wave 4 we have drawn for our Elliot Wave Analysis last week. This week we have chosen some stocks. This doesn’t mean [...]

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Last whole week for the year 2013 and so far this past few weeks has been a disappointment for the traders as our index continue to fall. The recent fall has now confirmed the wave 4 we have drawn for our Elliot Wave Analysis last week. This week we have chosen some stocks. This doesn’t mean these stocks will go up strong this week but rather a word of caution if you have these stocks on your portfolio or if you are planning to buy. These stocks are PGOLD, SCC, SM, SMPH and AGI.

 

Trader’s Logbook Philippines Stock Market Stocks Worth Watching December 16 – 20, 2013

Check the technical analysis of each stocks mentioned.

 

PUREGOLD PRICE CLUB, INC. (PGOLD)

Weekly: This week we have a weak bearish signal from Kijun Sen cross. Tenkan Sen is pointing downwards which may cross Kijun Sen line. If that will happen then we will have another bearish signal. But that is remain to be seen as of this time. Cross your fingers that won’t happen. In the meantime, price is at the Kumo which is our immediate support. Immediate resistance is our Kijun Sen line which is at 40.

Daily: Based on Ichimoku system, PGOLD is still bearish if we look at its daily chart. But a technical bounce may happen if we will see a confirmation on the bullish reversal pattern we see on our chart. Only problem is, every one is waiting for the bounce to sell so I don’t think a spike will prosper for few days, if there is.

PGOLD12132013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching December 16 – 20, 2013

 

 

SEMIRARA MINING CORPORATION (SCC)

Weekly: The Dark Cloud Cover last week was confirmed this week. Looks like SCC is heading south at the moment and while Kijun Sen line is moving in a horizontal fashion, price may be attracted to this line. Notice also that the recent peak of SCC is in line with the peak we saw last summer. Is it going to create a handle that is why it is retracing? Based on Ichimoku, SCC is still bullish.

Daily: The Cup and possible handle can also be seen in our daily chart. If the retrace is just creating a handle then the retrace is very much welcomed. Currently we have a Kijun Sen cross which is a weak bearish signal. It is called weak because the cross happened above the Kumo. Ichimoku system is telling us that SCC is still bullish in short term except for the recent Kijun Sen cross. For those who want to get some SCC, lets wait for a while.

SCC12132013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching December 16 – 20, 2013

 

SM INVESTMENTS CORPORATION (SM)

Weekly: We can’t see any indication for reversal on our weekly chart and while Tenkan Sen and Kijun Sen lines has been twisted, other Ichimoku elements is saying SM is in a downward trend. Will it bottom at 675?

Daily: The Piercing Line which is a bottom reversal pattern may signal a spike for SM but not unless we will have a confirmation. Remember that traders are in a bearish mood and any spike means a good fire exit. You may day trade if there is an opportunity but I don’t think it is the right time to enter for a long position.

SM12132013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching December 16 – 20, 2013

 

SM PRIME HOLDINGS, INC. (SMPH)

Weekly: Last week we saw a failed reversal pattern on SMPH and SMPH continued to move south after that. The recent development is quite interesting as we might see a possible bottom for SMPH at this level. If you notice it was last June that price reached this low and bounced from there for 5 weeks. Will history repeat itself?

Ichimoku system is telling us that SMPH is not totally in a downward trend as Tenkan Sen is hovering over Kijun Sen line. Observe also that if price will move up this week then we will see Chikou Span to show bullish signal.

Daily: On daily chart we notice that the traders of SMPH has not decided yet where they want SMPH to go. Notice the last two doji candlesticks which means that buyers and sellers are in equilibrium. In addition, SMPH may have just bottomed out at this level.

SMPH12132013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching December 16 – 20, 2013

 

ALLIANCE GLOBAL GROUP, INC. (AGI)

Weekly: The weekly chart tells us that AGI is not all bullish. It showed a weak bearish signal this week via Kijun Sen Cross and Chikou Span is about to agree with the sentiment. Will there be more bearish signal to appear this week?

Daily: The Piercing Line pattern we see on our chart may signal a spike for AGI but take extra care when entering as some traders may use this moment to unload. There is also a chance that price will continue to go up and be attracted by the Kijun Sen line. Notice that this line currently move in a horizontal line. If this will continue to do so, price may come near this line, thus creating an upward trend to 24.8

RSI or Relative Strength Index is currently pointing up from oversold level.

AGI12132013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching December 16 – 20, 2013

 

DISCLAIMER: THE MATERIAL CONTAINED IN THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY. UNDER NO CIRCUMSTANCES IS IT TO BE CONSIDERED AS AN OFFER TO SELL OR A SOLICITATION TO BUY ANY SECURITY. WE DO NOT REPRESENT THAT IT IS ACCURATE OR COMPLETE AND IT SHOULD NOT BE RELIED UPON AS SUCH. WE SHALL NOT BE RESPONSIBLE FOR AMENDING, CORRECTING OR UPDATING ANY INFORMATION OR OPINION CONTAINED HEREIN

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Trader’s Logbook Philippines Stock Market Stocks Worth Watching December 9 – 13, 2013http://techfilipino.com/traders-logbook-philippines-stock-market-stocks-worth-watching-december-9-13-2013/ http://techfilipino.com/traders-logbook-philippines-stock-market-stocks-worth-watching-december-9-13-2013/#comments Sun, 08 Dec 2013 12:17:32 +0000 http://techfilipino.com/?p=6108 We have seen our index move down again this week wipping away the gains the previous week. Looks like this week we will have more reds then greens. I think that for every spike, there will be a lot of traders who will take the opportunity to sell and lessen their losses. What we have [...]

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We have seen our index move down again this week wipping away the gains the previous week. Looks like this week we will have more reds then greens. I think that for every spike, there will be a lot of traders who will take the opportunity to sell and lessen their losses. What we have prepared today are list of stocks that may have some short-lived spikes like TA, MEG, AGI, RLC while SMPH to warn buyers to be more careful.

 

Trader’s Logbook Philippines Stock Market Stocks Worth Watching December 9 – 13, 2013

Check our technical analysis of each stocks mentioned above.

 

TRANS-ASIA OIL AND ENERGY DEV (TA)

Weekly: TA has been going down for many weeks now and for those who are waiting for a possible rebound on TA and escape with minimal loss may have the chance to do it this week. Based on weekly chart, we have a reversal pattern via Bullish Doji Star. As we can see on our weekly chart, bears were in control but now a change is implied by the appearance of a Doji Star which shows that the bulls and the bears are in equilibrium. The downward sentiment is dissipating. Since Dojis are not strongly reliable, we need to see a confirmation via a long green candlestick or a gap up. If this will happen, we might have a rally this week and next week.

All Ichimoku elements are bearish as of this time. If you want to play with this stock, remember to minimize your greed.

Daily: Daily chart shows no sign of either going up or going down. It is so far heading side ways based on how the candlesticks are formed. But Ichimoku is saying that we are still in a downward trend.

RSI or Relative Strength Index is at oversold level. There is room for momentum trading.

TA12062013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching December 9 – 13, 2013

MEGAWORLD CORPORATION (MEG)

Weekly: The Neutral Bullish Signal is still there and price is still moving within the Kumo. Chikou Span is still bearish but a close above 3.47 at the end of this week will bring make this line turn green. That is something MEG holders should look into.

Daily: There was a Doji last Wednesday but it wasn’t confirmed. After that the price move below the 61.8% Fibonacci Retracement level and have so far follow the downward trend. This level is now our immediate resistance. At the end of the week we found an interesting candlestick formation. This time its a Harami. Will it be the start of reversal for MEG and breakout from the channel? Or this will be another disappointment like last Friday?

Ichimoku system on daily chart is saying that MEG is still in a downward trend with no element being bullish. In case there will be no confirmation for the Harami tomorrow, then 3.1 will be the next target for the bears.

MEG12062013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching December 9 – 13, 2013

 

ALLIANCE GLOBAL GROUP, INC. (AGI)

Weekly: AGI is still bullish on weekly chart based on Ichimoku although price is starting to cross the Kijun Sen line. This will be our weak bearish signal if it happens. RSI or Relative Strength Index is still going down and not yet on the oversold level.

Daily: Interesting candlestick pattern can be seen on our daily chart. We have a Doji below the long red. This pattern is called Bullish Doji Star. Just like what we have seen on TA’s weekly chart, this might be the reversal point for the stock.

Based on Ichimoku, the trend for AGI on daily chart is downward. If price will indeed reverse then we might see some elements of Ichimoku to turn green. Remember that a Doji is not a strong reversal signal and we still need confirmation via a long green candlestick or a gap up. Absence of which means price will continue to go down.

AGI12062013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching December 9 – 13, 2013

 

ROBINSONS LAND CORPORATION (RLC)

Weekly: RLC is bearish based on Ichimoku system as price close below the Kumo unlike last week when it was able to bounce and close inside the Kumo. Although we still have the bullish signal from Tenkan Sen / Kijun Sen cross, this is considered neutral because it happened inside the Kumo. Ichimoku is also telling us that RLC is bearish on weekly chart.

Daily: Last time we saw a Bullish Harami formation and price bounced for a day hitting the resistance level at 61.8% Fibonacci Retracement level. After that we saw RLC falling back to 78.6% Fibonacci Retracement level. Are we going to bounce from here? There is an interesting candlestick pattern last Friday called a Doji which makes us speculate it will have a technical bounce. It also seems that RLC is going to range trade between the two retracement lines.

RLC12062013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching December 9 – 13, 2013

 

SM PRIME HOLDINGS, INC. (SMPH)

Weekly: Looks like we have a failed reversal pattern this week as we saw a long red candlestick after the Doji. Notice that the same candlestick appears last August that signaled the bounce but this time instead of price going up, it went down. Ichimoku system is also showing bearish signals except for the retained neutral bullish signal a couple of weeks ago.

Daily: The red hammer candlestick seen last Friday may trigger a reversal but since it is a red one and hammers are not strong reversal pattern, we need a confirmation via a long green candlestick or a gap up. In case there will be a bounce, I don’t think it will last a week. Just like almost all stocks this time, Ichimoku is saying SMPH is in a downward trend.

SMPH12062013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching December 9 – 13, 2013

DISCLAIMER: THE MATERIAL CONTAINED IN THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY. UNDER NO CIRCUMSTANCES IS IT TO BE CONSIDERED AS AN OFFER TO SELL OR A SOLICITATION TO BUY ANY SECURITY. WE DO NOT REPRESENT THAT IT IS ACCURATE OR COMPLETE AND IT SHOULD NOT BE RELIED UPON AS SUCH. WE SHALL NOT BE RESPONSIBLE FOR AMENDING, CORRECTING OR UPDATING ANY INFORMATION OR OPINION CONTAINED HEREIN

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Trader’s Logbook Philippines Stock Market Stocks Worth Watching December 2 – 6, 2013http://techfilipino.com/traders-logbook-philippines-stock-market-stocks-worth-watching-december-2-6-2013/ http://techfilipino.com/traders-logbook-philippines-stock-market-stocks-worth-watching-december-2-6-2013/#comments Sun, 01 Dec 2013 14:04:10 +0000 http://techfilipino.com/?p=6101 This week we will be looking at ALI, PGOLD, SM, SMPH, BDO and MBT. Last week these stocks gave us a good gain except for SMPH but looking at its weekly chart, this might be the leader among the 5 stocks mentioned.   Trader’s Logbook Philippines Stock Market Stocks Worth Watching December 2 – 6, [...]

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This week we will be looking at ALI, PGOLD, SM, SMPH, BDO and MBT. Last week these stocks gave us a good gain except for SMPH but looking at its weekly chart, this might be the leader among the 5 stocks mentioned.

 

Trader’s Logbook Philippines Stock Market Stocks Worth Watching December 2 – 6, 2013

Check our technical analysis on each stock below.

 

AYALA LAND, INC. (ALI)

Weekly: ALI is showing a neutral bullish signal on it weekly chart via Tenkan Sen / Kijun Sen Cross. This is called neutral because the cross happened inside the Kumo. This is the only Ichimoku element that is turning into bullish while we still waiting for confirmations from other elements.

There is also an interesting pattern from candlesticks called Bullish Piercing Line which suggests reversal. If price will rebound from here then we will see this point as our higher low which may help build the Ascending Triangle we are trying to project at this time. Be warned that its not yet happening and the formation may be changed as time goes by.

Bullish Piercing Line: The market moves in a downtrend. The first red body reinforces this view. The next day the market opens lower via a gap, showing that the bearishness still persists. After this very bearish open, bulls decide to take the lead. The market surges toward the close, prices start to go up resulting in a close way above the previous day’s close.

Daily: On its daily chart, it is seen that the price continue to move up since the last time we saw the Doji. Last Thursday it shows a neutral bullish signal via Tenkan Sen / Kijun Sen Cross and price continue to move up after that but still Chikou Span does not agree with the bullishness showed by this progress. Bulls need to do more than what they are currently moving. Maybe they need to push it to 31?

RSI or Relative Strength Index is still very much healthy indicating more room for buyers to buy more shares.

ALI11292013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching December 2   6, 2013

 

 

PUREGOLD PRICE CLUB, INC. (PGOLD)

Weekly: The Kijun Sen Line continue to support the price of PGOLD from going down since last 2 weeks ago. This recently concluded week we see a bullish candlestick pattern called Harami. This pattern suggests that while the bears are pushing the price down for few weeks now, the bulls have finally stopped them and price may reverse if bulls continue to hold ground.

Ichimoku system is telling us that PGOLD is still in an uptrend on weekly time frame. As long as sentiment will not change, hold on to your shares.

Daily: Price of PGOLD met a strong headwind last Friday as it retreat after hitting the Kijun Sen which could be a good bullish signal. As it retreat it finds support on the Tenkan Sen line. Kumo’s lower part may also give support in case the not-so-reliable Tenkan Sen can’t hold the pressure. As long as these support will be able to hold, we will see PGOLD’s daily and weekly signal insync.

PGOLD11292013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching December 2   6, 2013

 

 

SM INVESTMENTS CORPORATION (SM)

Weekly: A bullish signal emerges after the week’s price movement. We are currently looking at a Bullish Piercing Line (although closing is a bit short). This pattern suggests that bulls are able to stop the bears from pulling further down. The Neutral Bullish Signal brought by Tenkan Sen / Kijun Sen cross few weeks ago is still intact. We are just waiting for additional bullish signal that may happen soon. We have also observed that the price movement may develop a Symmetrical Triangle but it is still a bit too early to tell at this time. But is something to look forward to.

Daily: The daily chart is still not showing bullish signal based on Ichimoku system. But what we notice is that the Kijun Sen line is now moving in a horizontal line. This line most of the time attracts price to come near to it. Let’s monitor this development this week.

SM11292013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching December 2   6, 2013

 

 

SM PRIME HOLDINGS, INC. (SMPH)

Weekly: Looks like SMPH is following an upward channel with the dip this week considered as another higher low. Will it bounce from here and reach the resistance level (upper slope)? Note also that the candlestick created is identical to the candlestick on the previous higher low. The cross of Tenkan Sen / Kijun Sen gives additional bullish sentiment although it is a bit weak as it happen inside the Kumo. It is called Neutral Bullish Signal.

Daily: No Ichimoku element is showing any bullish signal as of this time and none from the japanese candlestick as well. For those who want to have a fresh entry, it would be best to wait for some signals.

RSI or Relative Strength Index is coming from the oversold level and is now pointing upwards.

SMPH11292013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching December 2   6, 2013

 

 

BDO UNIBANK, INC. (BDO)

Weekly: This week we have a good rally from BDO which gives us 5.4% to close the week. The price movement shows a large green candlestick beside the previous large red one. This formation is in preparation for a 3-candlestick bullish reversal pattern called the Bullish Squeeze Alert, but until that pattern is not there, we still have some doubts whether BDO will continue to rise or not.

Based on Ichimoku system, BDO’s weekly chart is still in a downward trend.

Daily: Daily chart is showing us that price is within the Kumo or cloud and may have meet a headwind especially that price is near the 61.8% Fibonacci Retracement level. The 2-day consecutive rally of BDO made it possible to cross the Kijun Sen line from below. It is a bullish signal but considered neutral because it happened inside the cloud. Nonetheless this should enable us to put this stock in our watchlist.

BDO11292013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching December 2   6, 2013

 

 

METROPOLITAN BANK & TRUST COM. (MBT)

Weekly: MBT’s weekly chart is showing some bullish signal via candlestick pattern called Bullish Piercing Line. This pattern suggests that the bears are losing their confidence while bulls are getting stronger. But this bullishness is not yet seen in our Ichimoku system as all elements are still in red. Test buy is ok at this time. Add when there is/are bullish sign from Ichimoku.

Daily: Our daily chart tells us that MBT was able to bounce from the support and has made a cross on Tenkan Sen line. But this is a very weak signal so we will not rely on that. RIS or Relative Strength Index is still pointing up and not yet overbought. Based on Fibonacci Retracement level, our resistance is at 82.70 which also coincides with the Kijun Sen line. A little gap somewhere very near 80

MBT11292013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching December 2   6, 2013

 

 

DISCLAIMER: THE MATERIAL CONTAINED IN THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY. UNDER NO CIRCUMSTANCES IS IT TO BE CONSIDERED AS AN OFFER TO SELL OR A SOLICITATION TO BUY ANY SECURITY. WE DO NOT REPRESENT THAT IT IS ACCURATE OR COMPLETE AND IT SHOULD NOT BE RELIED UPON AS SUCH. WE SHALL NOT BE RESPONSIBLE FOR AMENDING, CORRECTING OR UPDATING ANY INFORMATION OR OPINION CONTAINED HEREIN

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Trader’s Logbook Philippines Stock Market Stocks Worth Watching November 25 – 29, 2013http://techfilipino.com/traders-logbook-philippines-stock-market-stocks-worth-watching-november-25-29-2013/ http://techfilipino.com/traders-logbook-philippines-stock-market-stocks-worth-watching-november-25-29-2013/#comments Sun, 24 Nov 2013 13:58:42 +0000 http://techfilipino.com/?p=6095 Last week we are all red with PSEi closing at 6084.84 breaking the 6100 level. This week we might see a continuation of bearish sentiment thus our stock picks for this week serves as a warning for those who are planning to get in or this may also help those who are already ipit and [...]

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Last week we are all red with PSEi closing at 6084.84 breaking the 6100 level. This week we might see a continuation of bearish sentiment thus our stock picks for this week serves as a warning for those who are planning to get in or this may also help those who are already ipit and may look for exit points. These stocks are BEL, BLOOM, CPG, DNL and SM.

 

Trader’s Logbook Philippines Stock Market Stocks Worth Watching November 25 – 29, 2013

Check our technical analysis of each stock below.

 

BELLE CORPORATION (BEL)

Weekly: BEL’s weekly chart doesn’t look good as bearish sentiment quite strong. Based on japanese candlestick, the previous week we have a Dark Cloud Cover pattern in which bearish bias is confirmed via a long red candlestick. Ichimoku system is also showing bearish sentiment as price on weekly chart is currently below the Kumo or cloud, not to mention Kijun Sen is moving above the Tenkan Sen. Lastly, Chikou Span is still moving below its corresponding price. I think support at 5.0 is very crucial. This week it wasn’t broken but with bearish bias still in the air, this might be tested again. In case this will be broken, our next support will be around 4.50

RSI or Relative Strength Index on weekly chart is still pointing down.

Daily: We don’t disregard the fact that there might be a spike on BEL but may not be enough to lead to a reversal for now. If we look at the daily chart, the Tenkan Sen and Kijun Sen is now touching its other. If this will make a weak bearish signal then this will add up to the bearish signal that Chikou Span is already showing.

BEL11222013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching November 25 – 29, 2013

 

 

BLOOMBERRY RESORTS CORPORATION (BLOOM)

Weekly: The weak bullish signal we saw on previous weeks has gone as bears was able to control the battlefield. The Tenkan Sen / Kijun Sen Cross this week signaled a strong bearish sentiment. This is considered strong because the cross happened below the Kumo or cloud. The 9.5 level may act as immediate support on our weekly chart but I think 9.0 is a much stronger support.

Daily: A technical bounce may happen based on the japanese candlestick (hammer + long green candlestick) but bulls may not stay for long unless it will rally up to 10.50 or above.

RSI or Relative Strength Index might be pointing up suggesting a buying activity is still going to happen but this might be overwhelmed by the sellers who wants to get out of BLOOM. I think any spike is an opportunity to lighten or get out.

BLOOM11222013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching November 25 – 29, 2013

 

CENTURY PROPERTIES GROUP INC. (CPG)

Weekly: CPG fell by 15% this week and while we still see the weak bullish signal via the Tenkan Sen / Kijun Sen Cross, Chikou Span continue to disagree with the sentiment thus making the already weak bullish signal weaker. We have seen that 1.55 is an interesting level for CPG so we need to monitor this level. If price will continue to drop from here then most probably we will have a strong bearish signal that will come out. Notice also how the Kumo or cloud succeeded in preventing the price from going up.

Daily: The Doji Star we saw last Thursday (CPG is still alive. Doji Star may signal a reversal) which we speculated to bring us a reversal did not happen and instead it brough us another red candlestick. Price is now at the mercy of its support zone which is the Kumo. Notice that Chikou Span is now agreeing with the bearish bias shown by the weak bearish signal from Tenkan Sen / Kijun Sen Cross. Chikou Span may change its sentiment if price will close above 1.60 and continue to rise to 1.7 level. Remember that Chikou Span reflects the previous 26 periods. If 26 periods ago the price is above the current price, it means we have a bearish signal. If price today is higher than the price 26 periods ago then we have a bullish signal.

RSI or Relative Strength Index remains flat and is at oversold level.

CPG11222013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching November 25 – 29, 2013

 

 

D&L INDUSTRIES, INC. (DNL)

Weekly: DNL continue to be bearish. Based on Ichimoku system, DNL added a new bearish signal by way of a Kumo breakout. See our weekly chart how the price pierced through the Kumo from above. This is now our immediate resistance. RSI is pointing down and may continue to drop as holders will sell their shares. Will this hit below 6.0 again?

Daily: Daily chart has been bearish since the time Chikou Span, Tenkan Sen / Kijun Sen Cross and Kumo all showed bearish signals. Kumo or cloud will act as our immediate resistance which is around 6.50 For those who are waiting for the fire exit, it seems that we do not have one as of this time.

DNL11222013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching November 25 – 29, 2013

 

SM INVESTMENTS CORPORATION (SM)

Weekly: SM is giving us another bearish signal from the Kumo breakout. This bearish signal is an addition to the Chikou Span bearish signal. Tenkan Sen at this time is moving above Kijun Sen but looks like it is also about to join the party. Price also break the 61.8% Fibonacci Retracement level which should have been the support aside from the Kumo. RSI is still pointing down.

Daily: Daily chart is already in a bearish mood with all Ichimoku elements in red. RSI is pointing up on daily chart which may suggest that there will be buying pressure but this might just be a fire exit. The kumo will be our immediate resistance. For those ipits, I think it would be better to sell on strength at this time.

SM11222013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching November 25 – 29, 2013

 

 

DISCLAIMER: THE MATERIAL CONTAINED IN THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY. UNDER NO CIRCUMSTANCES IS IT TO BE CONSIDERED AS AN OFFER TO SELL OR A SOLICITATION TO BUY ANY SECURITY. WE DO NOT REPRESENT THAT IT IS ACCURATE OR COMPLETE AND IT SHOULD NOT BE RELIED UPON AS SUCH. WE SHALL NOT BE RESPONSIBLE FOR AMENDING, CORRECTING OR UPDATING ANY INFORMATION OR OPINION CONTAINED HEREIN

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Trader’s Logbook Philippines Stock Market Stocks Worth Watching November 4 – 8, 2013http://techfilipino.com/traders-logbook-philippines-stock-market-stocks-worth-watching-november-4-8-2013/ http://techfilipino.com/traders-logbook-philippines-stock-market-stocks-worth-watching-november-4-8-2013/#comments Sun, 03 Nov 2013 06:53:11 +0000 http://techfilipino.com/?p=6087 This week we will be looking at SMPH which continues to be bullish but have the tendency to retrace. A warning for MCP as it is forming a Rising Wedge and AGI which is currently facing a headwind. In addition, we have PIP which looks interesting after the weak bullish signal and lastly CPG which [...]

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This week we will be looking at SMPH which continues to be bullish but have the tendency to retrace. A warning for MCP as it is forming a Rising Wedge and AGI which is currently facing a headwind. In addition, we have PIP which looks interesting after the weak bullish signal and lastly CPG which just rallied last week and still shows bullish sentiment.

 

Trader’s Logbook Philippines Stock Market Stocks Worth Watching November 4 – 8, 2013

Check our technical analysis for each stock below.

 

SM PRIME HOLDINGS, INC. (SMPH)

Weekly: On weekly chart, SMPH showed bullish sentiment as it continue to stay above the Kumo or Cloud of the last two weeks. Kijun Sen showed to be a strong support when SMPH fell this week before the bounce. Although we have a weak bearish signal from Tenkan Sen / Kijun Sen Cross around July, it seems that Tenkan Sen is poised to make a cross soon. Chikou Span is not net confirming the bullishnness of this stock.

Daily: Looking at the chart we have everythign bullish based on Ichimoku system but notice how the Kijun Sen make a horizontal line and not following the price going up. As we know price tends to move alternately away from and back toward the Kijun Sen in a cyclical fashion due to the Kijun Sen’s strong expression of equilibrium.

While our indicators are still green, no reason to abandon this stock but you may take some profit if you want. If you look at our slope drawn last time (unchanged), price is at the upper slope.

SMPH10302013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching November 4 – 8, 2013

 

 

MELCO CROWN (PHILS) RESORTS (MCP)

Weekly: On weekly chart we are looking at a weak bullish signal from Tenkan Sen / Kijun Sen cross. This is weak since it happened below the Kumo or Cloud. In addition, Chikou Span is not confirming the bullishness of this stock as of now. A retrace may happen but as long as the weak bullish signal will not be wiped out, this may slowly climb.

Daily: We drawn parallel lines showing a channel last time but further price movement of MCP showed a rising wedge formation instead. Looks like we have our higher high in the making which will signal a retrace? Incidentally, we also have a bearish reversal pattern based on candlesticks. This pattern is what we called a Harami. This pattern shows that the bulls have lost control and is tired after successive rallies. If this will be confirmed then price of MCP may fall and touch the support line. When that time comes, it would be interesting to see if price will bounce or continue to fall following the rising wedge nature which is bearish

Based on Ichimoku, green signals are still intact but protecting profit will be a good move. RSI or Relative Strength Index is near 70

MCP10302013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching November 4 – 8, 2013

 

 

ALLIANCE GLOBAL GROUP, INC. (AGI)

Weekly: AGI is still going strong on weekly chart with some headwinds along the way. All indicators are still green but a fall this week may turn Chikou Span in red light. But as long as other indicators are still in green, bullish sentiment will continue. Notice also that Kijun Sen (red line) is moving in horizontal direction and this may attract the price to move towards it.

Daily: Daily chart is also showing an identical sentiment the same on its weekly chart. If price will continue to retrace then Chikou Span may turn on the red light but as long as the Kumo will support the price then we are still in a bullish trend. Notice that Kijun Sen is making a horizontal line and not following the price going up. As we know price tends to move alternately away from and back toward the Kijun Sen in a cyclical fashion due to the Kijun Sen’s strong expression of equilibrium.

For those who were able to protect their profit I think did a good move.

AGI10302013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching November 4 – 8, 2013

 

 

PEPSI-COLA PRODUCTS PHILS. INC (PIP)

Weekly: Weekly chart shows that PIP was able to get help from the Kumo as it bounce from Span B. Although price now currently inside the Kumo which is considered “trendless” and anything can happen.

Daily: Daily chart retains its weak bullish signal courtesy of Tenkan Sen / Kijun Sen Cross we saw last week. If price will continue to rise and hit 5.0 then we may see the next bullish signal from Chikou Span. Interestingly, we also have a Hammer candlestick in which, if confirmed, will bring the price up and trigger Chikou Span for bullish signal.

PIP10302013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching November 4 – 8, 2013

 

 

CENTURY PROPERTIES GROUP INC. (CPG)

Weekly: Weekly chart of CPG shows a Weak Bullish Signal courtesy of Kijun Sen Cross. This is considered weak because it happend below the Kumo or Cloud. The breakout now gives us a immediate support which is the Kijun Sen. Notice also that price is coming near the resistance zone which is the Kumo. Will it be a strong resistance? I think it will be risky to chase CPG but waiting for its retrace and test buying near support may give a better reward.

Daily: CPG continue to show bullish sentiment on daily chart with all Ichimoku showing green at the moment although RSI is a bit overbought. One year time frame shows that RSI was able to hit 80+ before it retraces.

CPG10302013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching November 4 – 8, 2013

 

 

DISCLAIMER: THE MATERIAL CONTAINED IN THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY. UNDER NO CIRCUMSTANCES IS IT TO BE CONSIDERED AS AN OFFER TO SELL OR A SOLICITATION TO BUY ANY SECURITY. WE DO NOT REPRESENT THAT IT IS ACCURATE OR COMPLETE AND IT SHOULD NOT BE RELIED UPON AS SUCH. WE SHALL NOT BE RESPONSIBLE FOR AMENDING, CORRECTING OR UPDATING ANY INFORMATION OR OPINION CONTAINED HEREIN

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Trader’s Logbook Philippines Stock Market Stocks Worth Watching October 21 – October 25, 2013http://techfilipino.com/traders-logbook-philippines-stock-market-stocks-worth-watching-october-21-october-25-2013/ http://techfilipino.com/traders-logbook-philippines-stock-market-stocks-worth-watching-october-21-october-25-2013/#comments Sun, 20 Oct 2013 13:33:03 +0000 http://techfilipino.com/?p=6069 This week we see some stocks at support like DNL and MCP. LTG on the other hand had already broken from the triangle and Ichimoku indicators turned red. URC and MBT are blue chip stocks that may continue to rise. Trader’s Logbook Philippines Stock Market Stocks Worth Watching October 21 – October 25, 2013   [...]

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This week we see some stocks at support like DNL and MCP. LTG on the other hand had already broken from the triangle and Ichimoku indicators turned red. URC and MBT are blue chip stocks that may continue to rise.

Trader’s Logbook Philippines Stock Market Stocks Worth Watching October 21 – October 25, 2013

 

Check our technical analysis on each stock mentioned.

 

D&L INDUSTRIES, INC. (DNL)

DNL is now at the support provided by the slope and the Kumo. Will it bounce from here? Based on Ichimoku system, DNL is still bullish as Tenkan Sen is still moving above Kijun Sen. In addition, current price is above the price corresponding Chikou Span. Lastly, price is still above the Kumo or cloud. Untill we will not see any reversal indicator, DNL will continue to follow the current trend. Just keep a watchful eyes.

RSI or Relative Strength Index is now below 50 from a high of 70. Is it loose enough?

DNL10182013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching October 21 – October 25, 2013

 

MELCO CROWN (PHILS) RESORTS (MCP)

MCP touched the support slope but showed some bullish sentiment last Friday as it stopped price from moving downward. This results to a candlestick pattern called Bullish Harami.

The Bullish Harami is a sign of disparity in the stock’s health. The stock is characterized by a downtrend and a bearish mood, and there is heavy selling reflected by a red body, which further supports the bearishness. However, the next day prices open higher. Thus, a small green body is formed. This may signal a trend reversal since the second day’s small real body shows that the bearish power is diminishing. Harami’s are not a strong reversal signal so we need to see a confirmation the following day.

Confidence could have been strong if the price closed above the Kijun Sen but still upward trend is intact based on the chart we presented last week. Tenkan Sen is moving above the Kijun Sen and price is above the Kumo. These are all bullish signals from Ichimoku system.

Although RSI or Relative Strength Index has dropped from 70, it is still near overbought level.

MCP10182013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching October 21 – October 25, 2013

 

LT GROUP, INC. (LTG)

LTG at 16.88 has a weak support that may be broken easily by the bears. Will it visit 15.x soon? Currently, we have a lot of bearish signals from Ichimoku system such as the strong bearish signal from Tenkan Sen / Kijun Sen Cross. It is also bearish since price is trading below the Kumo or Cloud. There might be some spikes but it seems this will be used by others as fire exits.

RSI or Relative Strength Index registered an oversold level but until no reversal signal will appear, this may continue to go down.

LTG10182013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching October 21 – October 25, 2013

 

UNIVERSAL ROBINA CORPORATION (URC)

URC went up by 2.21% last Friday showing more bullish sentiment at the end of the week. Although there are still weak bearish signals that needs to be reversed like the Tenkan Sen/Kijun Sen cross early this month when it dropped hard. But from that time URC has been slowly moving upward. Our current price is just a few steps away to making a Kijun Sen cross which is a strong bullish signal which will add more confidence to the holders.

RSI or Relative Strength Index is still below overbought level. More room to move up?

URC10182013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching October 21 – October 25, 2013

 

METROPOLITAN BANK & TRUST COM. (MBT)

MBT crossed one Fibonacci Retracement level last Friday moving upward from the lower slop now it is midway to the upper slope. Ichimoku system is showing bullish sentiment as price hover above the Kumo or Cloud. Will it hit 96 soon or it will move sideways for a while since RSI is already at the overbought level? In a one-year time frame we have seen MBT to reach level 80 for RSI before correction.

MBT10182013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching October 21 – October 25, 2013

 

 

DISCLAIMER: THE MATERIAL CONTAINED IN THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY. UNDER NO CIRCUMSTANCES IS IT TO BE CONSIDERED AS AN OFFER TO SELL OR A SOLICITATION TO BUY ANY SECURITY. WE DO NOT REPRESENT THAT IT IS ACCURATE OR COMPLETE AND IT SHOULD NOT BE RELIED UPON AS SUCH. WE SHALL NOT BE RESPONSIBLE FOR AMENDING, CORRECTING OR UPDATING ANY INFORMATION OR OPINION CONTAINED HEREIN

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Trader’s Logbook Philippines Stock Market Stocks Worth Watching October 14 – October 18, 2013http://techfilipino.com/traders-logbook-philippines-stock-market-stocks-worth-watching-october-14-october-18-2013/ http://techfilipino.com/traders-logbook-philippines-stock-market-stocks-worth-watching-october-14-october-18-2013/#comments Sun, 13 Oct 2013 15:51:34 +0000 http://techfilipino.com/?p=6063 This week our picks are the following: TA for its possible start of ascend. SECB, MCP, ALI to retrace so we can add more shares to our position. No need to be in a hurry. URC to stabilize its position.   Check our technical analysis for each stock picks. I have also added on my [...]

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This week our picks are the following: TA for its possible start of ascend. SECB, MCP, ALI to retrace so we can add more shares to our position. No need to be in a hurry. URC to stabilize its position.

 

Check our technical analysis for each stock picks. I have also added on my analysis the Ichimoku System which will give us more dimension to our analysis. If you have question, just post it on our comment below.

 

Trader’s Logbook Philippines Stock Market Stocks Worth Watching October 14 – October 18, 2013

SECURITY BANK CORPORATION (SECB)

Weekly: SECB’s weekly chart still showing a downtrend with current price below the price corresponding the Chikou Span. We are still waiting for Tenkan Sen to cross the Kijun Sen which may not happen very soon. It is also trading below the Kumo which also mean it is at bearish territory. Current candlestick formation is a Dark Cloud Cover which if confirmed, will bring the price down. Support may be seen when Tenkan Sen and price will meet. Based on Fibonacci Retracement level, we may see our support somewhere at 127.2 and resistance at 144

Daily: Price action is currently at the border of Kumo which acts as our resistance zone. Our Tenkan Sen line may act as our immediate support but as long as it is within the Kumo (cloud), the lower boarder will be our major support.

RSI or Relatives Strength Index is neither overbought nor oversold as it range within 50 – 70 level.

SECB10112013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching October 14 – October 18, 2013

 

 

MELCO CROWN (PHILS) RESORTS (MCP)

Weekly: MCP’s weekly chart shows that it was trying to break the 50% Fibonacci Retracement level but wasn’t able to do so. The same thing happened on the Kijun Sen Cross which was broken mid-week but was short on staying above it at on Friday. A sideways with bullish bias might be seen this week for MCP.

Daily: Daily chart is showing a bearish candlestick pattern by way of Bearish Meeting Line. The Bearish Meeting Line consists of two candlesticks, first a green candlestick then a red one, both not short. The closing prices of both days should be the same or very close. The occurrence of this pattern reflects a stalemate between bulls and bears. The market is in an uptrend when a strong green candlestick is formed, which further supports the trend. The next day opens sharply higher causing the bulls to feel more confident. Then the bears start a counterattack pushing prices down and leading to a close equal to (or very close to) the previous close.

Notice also that the 50% Fibonacci Retracement level is acting as a resistance at this time and looks strong. In case MCP will retrace, immediate support can be seen at 11.13 or at 61.8% Fibonacci Retracement level. Observe that this line has an interesting story where price action took place. It has been used as a resistance and support at some point in time. Notice also we have projected another support coming from our slope.

RSI or Relative Strength Index has retraced from the 70 level. Time to loosen up a bit? On the other hand, if the bearish candlestick pattern will not be confirmed, we might see MCP around 13.30 At that point RSI will be overbought. Based on a 1 year time frame, highest recorded RSI was at 94

MCP10112013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching October 14 – October 18, 2013

 

 

AYALA LAND, INC. (ALI)

Weekly: Weekly chart is showing a bullish ALI based on the Kumo Breakout and Kijun Sen cross. Although confidence is quite high at this time, Chikou Span didn’t confirm the full reversal just yet, as current price is below the price correspoding to the Chikou Span. Since we have broken the Kijun Sen, this is now our immediate support on weekly chart in case a correction will happen.

Daily: Daily chart is showing a Doji Star at the top of the trend and incidentally near our 61.8% Fibonacci Retracement level resistance line. Doji star candlestick means there is an indecisive mood among traders on whether to continue pushing the price or price should go down. At this point the bulls and the bears are in equilibrium. If this will be followed by a large red candlestick then this may retrace. RSI or Relative Strength Index has also gone up near the 70 level or start of overbought level. The psychological support which is 30 may be tested and if broken, next support may be a little bit deep at 28.78

A month ago, ALI’s RSI went near 70 and retraces back to 40+ and price also dip from 1 Fibonacci level to another. Let’s see if we will have the same scenario this time.

ALI10112013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching October 14 – October 18, 2013

 

 

TRANS-ASIA OIL AND ENERGY DEV (TA)

Weekly: Interesting price movement for TA last week as it bounce from the Kumo. Observe how the price on previous week touched the cloud and then this week it bounced. The last two candlesticks are also forming an Engulfing pattern which may suggest a reversal although its a weak signal and needs confirmation the following week.

Daily: We saw a Kijun Sen Cross last Thursday which gave at least a little bit change of sentiment and although we have seen some took profit after the two days rise from the 50% Fibonacci Retracement level, the price didn’t went below the Kijun Sen line which is our immediate support. With Doji as our last candlestick, there is a chance that the newly found support will be tested. A continued rise in price may also hit the resistance line at 61.8% Fibonacci Retracement level which is also where our Kumo (cloud) is. As of this moment our confidence is not yet that high. A Tenkan Sen / Kijun Sen cross may add more bullish to our sentiment if that will happen.

RSI or Relative Strength Index is neither oversold or overbought at this time.

TA10112013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching October 14 – October 18, 2013

 

 

UNIVERSAL ROBINA CORPORATION (URC)

Weekly: Even though URC has been hit by bears lately, the weekly chart still shows an upward trend for URC having its price trade above the Kumo and Tenkan Sen flowing above the Kijun Sen since the cross over last year.

Daily: The last Tenkan Sen/Kijun Sen Cross was a weak bearish signal as Tenakan Sen crosses the Kijun sen from above and it happened above the Kumo. Although price bounced few days ago when it retraces to the Kumo, we still need bullish indicators in order for us to feel comfortable. Will the Tenkan Sen and Kijun Sen make a bullish cross soon?

Currently our price is sitting on 78.6% Fibonacci Retracement level which act as our immediate support. Our immediate resistance will be the Kijun Sen line at around 125.50

RSI or Relative Strength Index is still very healthy.

URC10112013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching October 14 – October 18, 2013

 

DISCLAIMER: THE MATERIAL CONTAINED IN THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY. UNDER NO CIRCUMSTANCES IS IT TO BE CONSIDERED AS AN OFFER TO SELL OR A SOLICITATION TO BUY ANY SECURITY. WE DO NOT REPRESENT THAT IT IS ACCURATE OR COMPLETE AND IT SHOULD NOT BE RELIED UPON AS SUCH. WE SHALL NOT BE RESPONSIBLE FOR AMENDING, CORRECTING OR UPDATING ANY INFORMATION OR OPINION CONTAINED HEREIN

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Trader’s Logbook Philippines Stock Market Stocks Worth Watching October 7 – October 11, 2013http://techfilipino.com/traders-logbook-philippines-stock-market-stocks-worth-watching-october-7-october-11-2013/ http://techfilipino.com/traders-logbook-philippines-stock-market-stocks-worth-watching-october-7-october-11-2013/#comments Sun, 06 Oct 2013 13:31:08 +0000 http://techfilipino.com/?p=6058 This week we are going to look into AGI which could go up until the resistance level BUT be careful since we have a news about Resorts World operator halves IPO price which might affect the price of AGI. PGOLD on the other hand is breaking the resistance level, talking about the upward channel. For [...]

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This week we are going to look into AGI which could go up until the resistance level BUT be careful since we have a news about Resorts World operator halves IPO price which might affect the price of AGI. PGOLD on the other hand is breaking the resistance level, talking about the upward channel. For those holding PGOLD, they may hold it for a while until newly found support or a bearish candlestick will appear. Fo those just about to get in, think twice. Third stock to monitor is PIP which is showing indecisive mood on weekly chart after falling big. A test buy near support (refer to weekly chart) would be good. SECB on the other hand is still trying to move past the 140 – 144 resistance zone. I think the bulls will have to rest as it is already exhausted after few days of going up. Lastly, ALI which is slowly coming back from the drop.

 

Trader’s Logbook Philippines Stock Market Stocks Worth Watching October 7 – October 11, 2013

Check our technical analysis of the stocks we mentioned.

 

ALLIANCE GLOBAL GROUP, INC. (AGI)

AGI showed bullishness on its weekly chart as suggested by the Hammer candlestick.

The Bullish Hammer appears in a downtrend. After the decline ceases, the market almost returns to the high of the week. Apparently the market fails to continue on the selling side. This observation reduces the previous bearish sentiment. If the body of the Hammer is green, then the situation looks even better for the bulls.

Since Hammers are not a strong reversal pattern, we need to see a confirmation by way of a gap up or a long green candlestick.

AGI10042013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching October 7 – October 11, 2013

 

 

PUREGOLD PRICE CLUB, INC. (PGOLD)

PGOLD soared to a new high after it broke its resistance and followed its upward channel. Our upward channel was also broken last Friday so this is another support line for us. This might be tested next week.

As long as our price will be walking on the upper band of Bollinger Band, this could go up to new high but lets be careful as RSI is now at overbought level at 78.38 Highest registered RSI or Relative Strength Index in a 1 year time frame is 93.29

PGOLD10042013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching October 7 – October 11, 2013

 

 

PEPSI-COLA PRODUCTS PHILS. INC (PIP)

Based on our weekly chart we could see PIP showing some bullish sentiment after the big drop last week. This time we saw a Doji candlestick. Although not a strong reversal pattern, this shows that the downward energy is dissipating. But we need to see a large green candlestick at the end of the week so reversal will be confirmed. The large green candlestick will also mean that we will not be walking on the lower band of Bollinger Band which should break the bearish sentiment.

Support line 50% Fibonacci Retracement level may be touched as some traders may still sell to cut losses but I think this is a strong support as we also have our 100-day SMA line to catch the price.

PIP10042013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching October 7 – October 11, 2013

 

 

SECURITY BANK CORPORATION (SECB)

SECB has been knocking on our resistance zone the last 3 days. Last Friday it showed some bearish sentiment by way of a Shooting Star. If this will be confirmed the SECB may rest for a while, which is needed as RSI is about to hit overbought level. I think this should be an opportunity to buy once we see price retraces. Cash and stock dividend dates still to be announced.

SECB10042013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching October 7 – October 11, 2013

 

 

AYALA LAND, INC. (ALI)

So far ALI is able to climb the ladder after falling from the 50% Fibonacci Retracement level. The 20-day SMA line prevented price from going down as ALI creates higher lows. This week it will try to make a comeback on 50% level. Could it break the resistance? RSI or Relative Strength Index still at 50 and Momentum indicator about to cross the zero mark.

Looking at its weekly chart, we could see that the Doji candlestick at the top of the trend which could lead to a reversal is not confirmed which gives impression that the bulls are still there.

ALI10042013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching October 7 – October 11, 2013

 

 

DISCLAIMER: THE MATERIAL CONTAINED IN THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY. UNDER NO CIRCUMSTANCES IS IT TO BE CONSIDERED AS AN OFFER TO SELL OR A SOLICITATION TO BUY ANY SECURITY. WE DO NOT REPRESENT THAT IT IS ACCURATE OR COMPLETE AND IT SHOULD NOT BE RELIED UPON AS SUCH. WE SHALL NOT BE RESPONSIBLE FOR AMENDING, CORRECTING OR UPDATING ANY INFORMATION OR OPINION CONTAINED HEREIN

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Trader’s Logbook Philippines Stock Market Stocks Worth Watching September 30 – October 4, 2013http://techfilipino.com/traders-logbook-philippines-stock-market-stocks-worth-watching-september-30-october-4-2013/ http://techfilipino.com/traders-logbook-philippines-stock-market-stocks-worth-watching-september-30-october-4-2013/#comments Sun, 29 Sep 2013 13:43:50 +0000 http://techfilipino.com/?p=6052 This week we will be looking at SECB which closed the gap last Thursday. Another bank, MBT but we will wait until it will close the gap below. PGOLD will try to break the resistance line again, this is worth monitoring. AGI and DNL seem to have a pattern where they will bounce.   Trader’s [...]

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This week we will be looking at SECB which closed the gap last Thursday. Another bank, MBT but we will wait until it will close the gap below. PGOLD will try to break the resistance line again, this is worth monitoring. AGI and DNL seem to have a pattern where they will bounce.

 

Trader’s Logbook Philippines Stock Market Stocks Worth Watching September 30 – October 4, 2013

Check our technical analysis of the said stocks below.

 

SECURITY BANK CORPORATION (SECB)

SECB closed the gap last Thursday, one week after it created a gap. Last Friday we saw SECB went up by 5% walking away from the 23.6% Fibonacci Retracement level. Looks like it will continue to go up but let us first deal with the 38.2% Fibonacci Retracement level (see chart) where as we have observed have an interesting fight between bears and bulls. During that time it was the bears who won the fight which made SECB dropped even more. This time the bulls will try to make a comeback and may be able to win it. That line is around 145

SECB09282013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching September 30 – October 4, 2013

 

 

METROPOLITAN BANK & TRUST COM. (MBT)

Correction has been on going on MBT after it soared with gap created. Now it is at 50% Fibonacci Retracement level which is its immediate support but the gap below seemed to be pulling the price. Just like what happened to SECB which closed the gap, will MBT do the same?

MBT09282013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching September 30 – October 4, 2013

 

 

PUREGOLD PRICE CLUB, INC. (PGOLD)

This is the third time PGOLD will try to break from the resistance. Will it be able to do it this time? The higher lows on PGOLD suggests that it is bullish at this time and is poised to break the horizontal line (resistance). Relative Strength Index or RSI shows that it has still room to go up before selling pressure will come.

PGOLD09282013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching September 30 – October 4, 2013

 

 

ALLIANCE GLOBAL GROUP, INC. (AGI)

Based on our 1 year time frame we see an interesting price movement on AGI especially on its bounce points. As you can see all Fibonacci Retracement levels have served as a bounce point. The question is: not that it hits the 23.6% Fibonacci Retracement level, are we going to see it bounce from here?

AGI09282013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching September 30 – October 4, 2013

 

 

D&L INDUSTRIES, INC. (DNL)

DNL is trading within an upward channel as you notice on our chart. Our price is currently at the lower slope which is our support. This upward channel is creating higher lows and higher highs. Is it going to continue with this trend and hit the 7.0 level soon?

DNL09282013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching September 30 – October 4, 2013

 

 

DISCLAIMER: THE MATERIAL CONTAINED IN THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY. UNDER NO CIRCUMSTANCES IS IT TO BE CONSIDERED AS AN OFFER TO SELL OR A SOLICITATION TO BUY ANY SECURITY. WE DO NOT REPRESENT THAT IT IS ACCURATE OR COMPLETE AND IT SHOULD NOT BE RELIED UPON AS SUCH. WE SHALL NOT BE RESPONSIBLE FOR AMENDING, CORRECTING OR UPDATING ANY INFORMATION OR OPINION CONTAINED HEREIN

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Trader’s Logbook Philippines Stock Market Stocks Worth Watching September 23 – 27, 2013http://techfilipino.com/traders-logbook-philippines-stock-market-stocks-worth-watching-september-23-27-2013/ http://techfilipino.com/traders-logbook-philippines-stock-market-stocks-worth-watching-september-23-27-2013/#comments Sun, 22 Sep 2013 14:04:44 +0000 http://techfilipino.com/?p=6039 After we have seen some gap ups late last week, some stocks may correct and close the gap before they will continue to move upward, that is, if we have a continuation of the bullish run. More and more stocks are now crossing above the 20-day SMA lines and some even reached 50% Fibonacci Retracement [...]

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After we have seen some gap ups late last week, some stocks may correct and close the gap before they will continue to move upward, that is, if we have a continuation of the bullish run. More and more stocks are now crossing above the 20-day SMA lines and some even reached 50% Fibonacci Retracement levels. Are we now at that starting line for the uptrend? Stocks we will monitor for possible correction that will give us opportunity to buy are MBT and ALI. ICT on the other hand may give us a good price entry once it hits the support line. COSCO who is knocking on its resistance line with a reward of filling the gap above is worth the risk. MWC has the gap above which is worthy of taking risk as well.

 

Trader’s Logbook Philippines Stock Market Stocks Worth Watching September 23 – 27, 2013

 

AYALA LAND, INC. (ALI)

ALI wasn’t able to stay above the 50% Fibonacci Retracement level as it fell by 3% last Friday almost completely closing the gap below. Notice that on Thursday we have a green Shooting Star and it is followed with a large red candlestick. Could this mean ALI will continue to fall? In case it will, our 28.00 psychological support may stop price from going down. It will be followed by our 61.8% Fibonacci Retracement level. I think if there will be some more corrections, it is an opportunity to buy.

ALI09202013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching September 23 – 27, 2013

 

 

METROPOLITAN BANK & TRUST COM. (MBT)

MBT continues to show it strength after we saw a bearish candlestick last Thursday at the 50% Fibonacci Retracement level. The Doji candlestick was followed by a large green candlestick which signifies that the bulls are still incharge. It may be able to reach the 38.2% Fibonacci Retracement level before correcting as RSI is now at 76.34 Based on our 1-year chart, the highest RSI it was able to register was 83

MBT09202013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching September 23 – 27, 2013

 

 

INT`L CONTAINER TERMINALS INC. (ICT)

ICT fell by almost 10% last Friday to close at 93.00 Based on our chart, it seems to hit the support line soon somewhere around 90 – 91. If you look at the channel it is currently trading, the lower slope seem to be a strong support. Last time it bounce from this line was when we saw a Harami pattern then next was a Hammer. It is important to wait for a candlestick formation before entering so don’t be in a hurry to catch it.

ICT09202013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching September 23 – 27, 2013

 

 

COSCO CAPITAL, INC. (COSCO)

COSCO is currently knocking on 50% Fibonacci Retracement level. This is the 2nd time it will try to break after it hit 9.0 last August 28. Will it be successful this time? Notice that our last candlestick is a green Shooting Star. Although this is green, it still carries a bearish signal and if confirmed, we might see COSCO retrace. Support is again at 61.8% Fibonacci Retracement level.

Let’s see how the bulls will bring COSCO to the next level.

COSCO09202013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching September 23 – 27, 2013

 

 

MANILA WATER COMPANY, INC. (MWC)

MWC continue to slowly climb the ladder after falling 14% last Friday the 13th. But if you notice, traders seemed be very careful in bringing the price up as shown on its candlesticks. We have 3 Doji candlesticks so far and no large red candlestick. The last Doji is quite bearish as it turned red. If we will have a large red candlestick on Monday then we might see price to touch around 26 again but if there will be no confirmed then we might see MWC to close the gap. Relative Strength Index or RSI is still healthy at 35.47

MWC09202013 Trader’s Logbook Philippines Stock Market Stocks Worth Watching September 23 – 27, 2013

 

 

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