Trader’s Logbook PSE Stocks Worth Watching February 25 – March 1, 2013

CPG02222013

Last week it was RLC (0.46%), ABS (-3.92%), EW (11.84%), CPG (1.42%) and PBB (more than 15%) that we are looking into. We take a blow from ABS which is our top loser while EW and PBB did a great rally. This week we are looking into ABS, EW, and CPG with highly speculative stocks LIHC and PAX.

 

ABS-CBN CORPORATION (ABS)

Last week we speculated that ABS might trade within the rectangle but it failed to sustain within that zone. Instead it went down by 3.92% last week. At the closing last Friday ABS was able to stay in green after touching 37.50 with a bit of a light seen at the end of the tunnel. Are we going to see a bounce play this week for ABS? Currently the price is around the 23.6% Fibonacci Retracement level. Should there be a bounce, resistance at 40 will be our hurdle. In case it will turn sour, our next line of defense will be somewhere near 34.50

ABS02222013 Trader’s Logbook PSE Stocks Worth Watching February 25 – March 1, 2013

 
EAST WEST BANKING CORPORATION (EW)

It was a sweet reward from EW for those who believe it will go up. Up by a total of 11.84% last week following the break from resistance. Notable the last two trading days before the weekend showed us a great volume. The rally also brought the RSI to 82.95 which means we are not in an overbought area. Short term holders may soon realize some profits and sell. This action might cause EW to correct but that should be a healthy correction to loosen RSI a bit. If in case that will happen, our support is around  32.95 There might still be action on the early part of the week.

For long term holders, correction should be an opportunity to buy.

EW02222013 Trader’s Logbook PSE Stocks Worth Watching February 25 – March 1, 2013

 

 

CENTURY PROPERTIES GROUP INC. (CPG)

Last Friday CPG was traded with bigger volume compared to previous days. Is the testing of support finally over? Did the bulls win? Currently we have seen a positive bias on the stock but 2.16 and 2.17 seems to be a hard wall to break as sellers restrict CPG to go beyond it. If this will be broken, we might see the rampage of the bulls past 2.20 and onward to 2.47. Support line of last week is still our immediate support.

Notice that DBP-Daiwa has been buying and sold less than half of what they accumulated this month.

CPG02222013 Trader’s Logbook PSE Stocks Worth Watching February 25 – March 1, 2013

 

 

LODESTAR INVESTMENT HLDG CORP. (LIHC)

LIHC went down by 5.10% last week but was able to show some bullishness at the last trading day creating an Engulfing pattern. Before Friday’s action, the price of LIHC went below the lower Bollinger Band then recovered last Friday. We also got a green flag on RSI which is our secondary indicator. With these attributes, is it enough for the bears to be scared and leave the battlefield for the bulls? Will the former leave easily or we will see a fight between buyers and sellers? Lets see if we can break the resistance at 0.95 easily.

LIHC02222013 Trader’s Logbook PSE Stocks Worth Watching February 25 – March 1, 2013

 
PAXYS, INC. (PAX)

Looks like the 61.8% Fibonacci Retracement level is holding strong as PAX‘s support. This level which proves to be a strong support August of last year could also be true this time. We see PAX is going down but last Friday it managed to move up by 2.66% Will there be a continuation this week with lots of participation from the traders?

PAX02222013 Trader’s Logbook PSE Stocks Worth Watching February 25 – March 1, 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

About Felix Gomez Jr

A computer engineer by profession and loves to develop online systems/websites. A self-thought stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks and Fibonacci retracement levels on his technical analysis but loves to hear some rumors as well.

2 comments

  1. Depending on the experts’ stdeuis, monosaturated fat is a great weight which is helpful to our entire body. That’s why the flat belly diet strategy promotes the consuming of monosaturated fats because it can help you melt away belly fat quickly. This kind of weight or the monosaturated weight can be obtain from foods for example nuts, seeds, dark chocolate, olive and canola oil, and peanut butter.

  2. Consume 5-6 little foods a day. By eanitg little foods about every three several hours your stomach fat will shrink making it much simpler to determine your ab muscles. Just make sure they consist of wholesome, natural meals like lean meats, fruits, vegetables, beans, and nuts. You can have about 3 cheat foods each week as lengthy as you stay loyal for your eanitg routines.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>