PSE Trends

PSEi Chart Update

2018-06-18T20:49:00.000+08:00

Philippines Stock Exchange PSEi Index

Potential sign of exhaustion today after a gap down towards the major support area where a Bullish Hammer candlestick pattern formed up. If this bullish candlestick pattern morph into a Morning Star pattern, it can potentially signal the bottom and a reversal or consolidation may follow.

*Bullish divergence pattern also continues to unfold.

Trading Plan
- Please see the previous PSEi price action update as the medium to long term position trade potential remains the same:
https://psetrends.blogspot.com/2018/06/psei-price-action-update.html

PSEi Price Action Update

2018-06-02T17:38:00.001+08:00

Philippines Stock Exchange PSEi Index

After 3 months of downtrend price action, PSEi started showing signs of Bullish Divergence pattern on many technical indicators (around first week of May). The breakout from its 3 months downtrend line and into the 4th month of another pullback (a sort of Dead-Cat-Bounce or DCB), Bullish Divergence pattern continues to unfold.
- Bullish Divergence pattern as price action gets closer to the major support area around 7400 is a potential sign that it's closer to the bottom if not the bottom yet.
- If the price action starts to consolidate around the major support area, it will likely confirm the Bullish Divergence pattern and signal the bottom.

*See previous PSEi chart analysis here:
https://psetrends.blogspot.com/search/label/PSEi

Trading Plan
- For medium to long term position trade, accumulation of key stocks (or index fund) near or below 7400 should give a good risk-to-reward ratio moving forward.

MWIDE Price Action Update

2018-06-01T07:47:00.000+08:00

Megawide Construction Corporation

MWIDE is now trading again near the support line of its 8-month Upward Price Channel.
- immediate support area around 20.85.
- immediate resistance around 23.00.

Trading Plan
- Potential position trading opportunity again near the support areas. The lower the better approach (medium to long term trade still).

MWIDE price action analysis

2018-02-19T08:59:00.002+08:00

Megawide Construction Corporation

MWIDE is currently trading at the support line of its 5-month Upward Price Channel.
- immediate support area around 17.70.
- immediate resistance around 19.70.

Trading Plan
- Potential position trading opportunity around the support areas. The lower the better approach (medium to long term trade)

Consensus of stocks under the PSEi index

2018-02-11T13:44:00.001+08:00

Source: First Metro Securities
https://www.firstmetrosec.com.ph/

February 9, 2018

SMPH price action analysis

2018-02-08T05:30:00.000+08:00

SM Prime Holdings, Inc.

SMPH formed up a Bullish Piercing Line pattern as it hits the Major Support area around 35.

See previous analysis on SMPH for reference:
https://psetrends.blogspot.com/2017/06/smph-breakout-continuation.html

Trading Plan
- Accumulate near support area for a position trading (medium to long term position).

MEG potential bullish pattern

2018-02-07T20:06:00.001+08:00

Megaworld Corporation

As MEG continues to trade in its 3-month Downward Price Channel, a potential Bullish Divergence pattern is developing after retesting the support at 4.80 (4.7~4.8).

See previous MEG analysis for reference:
https://psetrends.blogspot.com/2018/02/meg-price-action-update.html

Trading Plan
- Buy the breakout from its Downward Price Channel on good volume.
- For position trade, accumulate the dips near support area and set the stop-loss a few points below 4.70.

MEG Price Action Update

2018-02-06T06:00:00.000+08:00

Megaworld Corporation

MEG's price action continues to move within its 3-month Downward Price Channel with immediate support around 4.80.

*Potential Bullish Divergence pattern in the making (needs further confirmation).

Trading Plan

- Avoid for now.

- Buy the breakout from its Downward Price Channel on good volume.

- Potential position trade around the support area if Bullish Divergence pattern can be confirmed.

DD Price Action Update

2018-02-05T08:52:00.001+08:00

DoubleDragon Properties Corp.

DD continues to respect the resistance line of its 9-month downward price channel. Volume trend however tends to get weaker on every dips, a potential sign that it may have found its support area.

*Major support around 36.

Please see previous analysis for trading plan on DD:

https://psetrends.blogspot.com/2018/01/dd-price-action-analysis.html

Friday Motivation

2018-02-02T07:32:00.001+08:00

"When there are huge losses in the market you'll have opportunities to buy good companies with stocks that have become bad because the market turned down."

- Jim Cramer

MRSGI Price Action Analysis

2018-01-31T09:16:00.000+08:00

Metro Retail Stores Group, Inc.

MRSGI's price action is moving in a 5-month Downward Price Channel and is now hovering the major support at around 3.6 (3.5~3.6 support zone).

Trading Plan

- Potential buy or accumulation around the support zone (position trade). This is a medium term setup.

- Set Stop-Loss on breakdown from support zone (a few points below 3.5).

CLC hit recent breakout TP

2018-01-29T21:05:00.000+08:00

Chelsea Logistics Holdings Corp.

CLC has recently hit the projected target price from Double-Bottom pattern breakout at 9.7.

See previous analysis for reference:
https://psetrends.blogspot.com/2018/01/clc-on-another-potential-breakout.html

Trading Plan:
- Take profit or scale down position when TP is hit.
- Profit run the rest of the position with trailing-stop.

"Don't let greed trump reasons.."

10 Tips For the Successful Long-Term Investor

2018-01-28T13:36:00.000+08:00

There may be an exception to every rule, but there are several investing principles that are tough to dispute. Here are 10 that should help investors enjoy long-term success.

1. Sell the losers and let the winners ride. Let losers go before their value completely plummets. Of course, it’s tough to know which suffering stocks will turn around and which ones won’t.

2. Don’t chase a hot tip. Let your own research and analysis guide your stock purchases, not someone else’s.

3. Don’t sweat the small stuff. Short-term movements should not prompt panic because short-term volatility is inevitable. A quality investment will persevere.

4. Don’t overemphasize the P/E ratio, which compares a company’s share price to its earnings per share. It should be used within the proper context, and in conjunction with other analytical processes.

5. Resist the lure of penny stocks. A lousy $5 company has just as much risk as a lousy $75 company. Remember, companies with lower share prices face fewer regulations.

6. Pick a strategy and stick with it. For example, Warren Buffett’s value-oriented strategy prevented him from getting sucked into tech startups in the late 90s.

7. Focus on the future. Base decisions on potential rather than the past.

8. Adopt a long-term perspective. Embracing the long-term horizon and dismissing the “get in, get out and make a killing” mentality is a must for any investor.

9. Be open-minded. Many good investments are not household names. But many of them have the potential to turn into blue chips.

10. Keep taxes in mind, but don’t worry. While investors should always try to minimize tax impacts, it’s rare when tax considerations dictate an investment decision.

Source:
http://www.investopedia.com/video/play/10-tips-successful-longterm-investor/

CLC on another potential breakout

2018-01-26T21:22:00.001+08:00

Chelsea Logistics Holdings Corp.

Another potential breakout on CLC and this time from a Double-Bottom pattern. Projected TP of this breakout is around 9.7.

*Immediate support is around 9 (previous resistance now becomes support).

See previous analysis for reference on this Double-Bottom prior to breakout.
https://psetrends.blogspot.com/2018/01/clc-breakout-update.html

Trading Plan
- Buy the breakout but with tight stop on breakdown from immediate support.
- If still holding previous position, continue profit-run with trailing-stop.

CLC breakout update

2018-01-25T20:45:00.000+08:00

Chelsea Logistics Holdings Corp.

CLC has hit the projected target price of the recent breakout from its 4-month downtrend line.

It's also now potentially forming a Double-Bottom pattern with a projected target price of around 9.7 on breakout.

*Immediate resistance at 9.

Trading Plan
- If holding a position from recent dips accumulation, take profit or scale down position. Profit run the rest with a tight trailing-stop. See previous post for the suggested dips accumulation near support:
https://psetrends.blogspot.com/2018/01/clc-price-action-analysis.html
- Buy the breakout from Double-Bottom on good volume.

CLC on a potential breakout

2018-01-24T20:34:00.000+08:00

Chelsea Logistics Holdings Corp.

CLC is on a potential breakout from its 4-month downtrend line after revisiting the immediate support at 8.30. The projected target price of this breakout is near the immediate resistance area around 9.00.

Please see the previous analysis on CLC for reference on the trading plan:
https://psetrends.blogspot.com/2018/01/clc-price-action-analysis.html

JFC price action update

2018-01-24T06:10:00.000+08:00

Jollibee Foods Corporation

JFC remain toppish as it continues to tiptoe the resistance line of its upward price channel. Yesterday's candle also formed up a Bearish Harami pattern, a potential sign that the current uptrend is slowing down or may soon come to an end.

Trading Plan
- Avoid for now.
- Please see previous analysis for other potential action to take.
https://psetrends.blogspot.com/2018/01/jfc-looks-toppish.html

COLing the Shots stock picks

2018-01-21T16:47:00.000+08:00

01/20/2018

"COLing the Shots" is a monthly publication by COL which provides insights on investments opportunities based on global and local developments that could affect the market. See https://www.colfinancial.com for the detailed report.

Consensus of stocks under the PSEi index

2018-01-21T14:47:00.002+08:00

Source: First Metro Securities
https://www.firstmetrosec.com.ph/

January 19, 2018

DD price action analysis

2018-01-19T07:05:00.000+08:00

DoubleDragon Properties Corp.

DD's recent price action is now hovering the resistance line of its 9-month downward price channel. This resistance line looks strong so far as all breakout attempts were shutdown.

*Major support around 36.

Trading Plan
- Avoid for now.
- Buy the breakout from downward price channel on good volume.
- For long term position, accumulate below 40, the lower the better.

JFC looks toppish

2018-01-18T03:57:00.000+08:00

Jollibee Foods Corporation

JFC's price action is now at the resistance line of an upward price channel. Yesterday's candlestick pattern also needs monitoring as it may develop into a bearish star pattern variant like an Evening Star pattern

*Major support at 260

Trading Plan
- For short term trading position, take profit or scale down position.
- Set trailing-stop on remaining position.

DNL near major resistance

2018-01-17T08:48:00.001+08:00

D&L Industries, Inc.

DNL is now near the major resistance area (around 12) after a two month uptrend.

Trading Plan
- Take profit or scale down position.
- Use trailing-stop on remaining position.
- Buy the breakout on good volume.

CLC Price Action Analysis

2018-01-16T07:50:00.000+08:00

Chelsea Logistics Holdings Corp.

CLC is still in a downtrend but potentially forming a Bullish Divergence pattern if it continues to hold the immediate support area (around 8.29).

Trading Plan
- Potential buy at current level.
- Set a tight stop-loss on breakdown with volume from immediate support.

EDC price fluctuation vs tender offer price

2017-08-06T23:56:00.000+08:00

Energy Development Corporation

With the recent announcement of a Voluntary Tender Offer for EDC Shareholders, price fluctuation below the tender offer price can potentially give an investor/trader a good gain in a relatively shorter period of time.

Tender Offer Details
- Tender Offer Price: P7.25 per share
- Offer Period: August 10 ~ September 18, 2017
- Closing/Cross/Settlement Date: September 29, 2017

Trading Plan
- Accumulate at below tender offer price with consideration of upside potential, sell to the market near offer price or higher.
- Participate in the tender offer if remaining position cannot be disposed off the market.

Consensus of stocks under the PSEi index

2017-08-06T19:48:00.001+08:00

Source: First Metro Securities
https://www.firstmetrosec.com.ph/

August 4, 2017