Trader’s Logbook PSE Stocks Worth Watching May 20 – May 24, 2013

BLOOMBERRY RESORTS CORPORATION (BLOOM)

BLOOM made a 4.92% run last week and based on the weekly chart we could see BLOOM is just starting. Daily chart shows the slope and the 50% Fibonacci Retracement level has been helping block the price in going down. BLOOM may try this week to see how strong the resistance at 38.2% will be. Will the flower starts to BLOOM again? Let’s see if 13.50 is easy.

CENTURY PROPERTIES GROUP INC. (CPG)

CPG is on the radar of many traders last week. Last Friday CPG went up by 1.79% but looking at the weekly chart it still have bearish sentiment. Last week I was waiting for it to touch around 23.6% or even further to the lower slope but it didn’t happen. Still near 2.2 or below is an attractive entry point.

FIRST GEN CORPORATION (FGEN)

FGEN is not yet an “abandon ship” as its support line is still trying to hold the price not to go low. Although it has been in an extended time now, there is some bullish sentiment on our weekly chart. But if in case the price will be dragged down south then this might hit the 19 level.

FILINVEST LAND, INC. (FLI)

Few days after we saw FLI trying to break the resistance, it is now flying high. Some may think they need to chase FLI before it will go up further in the coming days but I think we can still get a better price once those who gained will liquidate and price will go near the support zone.

MEGAWORLD CORPORATION (MEG)

MEG went down by 3.10% last Thursday as the bulls retreated to find a good support and it seems they were able to control the bears last Friday. Based on our chart we could see a horizontal channel that MEG’s price is currently moving. Is this going to be the track that MEG will follow? I think those who were able to buy last Friday is in a good position.

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

The post Trader’s Logbook PSE Stocks Worth Watching May 20 – May 24, 2013 appeared first on TechFilipino.

Trader’s Logbook PSE Stocks Worth Watching May 14 – May 17, 2013

EMPIRE EAST LAND HOLDINGS, INC (ELI)

ELI bounced at 23.6% Fibonacci Retracement level. Looking at the chart we could see that this price zone has been a resistance before the price went as high as 1.21. Is ELI done taking a rest? Currently our price is below the 20-day SMA line but is above the lower band of Bollinger Band. Looks like the candlestick formation is telling us that there is a bullish sentiment on ELI but is it enough?

ALCORN GOLD RESOURCES CORP. (APM)

APM went up last Friday by 3.55% breaking the 20-day SMA and 23.6% Fibonacci Retracement level (6-month timeframe) with relatively big volume. These lines becomes our support lines. This may move forward north if price will stay above the support level. RSI or Relative Strength Index says its not yet overbought.

PUREGOLD PRICE CLUB, INC. (PGOLD)

Just as what we thought when PGOLD broke the resistance last time (PGOLD now at 40 level. Life has just begun.), it has the tendency to test the newly found support. Aside from the slope we also have the 23.6% Fibonacci Retracement level as our support. PGOLD is now back at 40 level but 45 is better for this stock.

LEISURE & RESORTS WORLD CORP. (LR)

We have speculated last Friday that LR may bounce from 50% Fibonacci Retracement level but after rallying as high as 8.39, it settled near its opening price. The price movement could mean that while the bears are still in command, the bulls have just make their presence felt and starting to move forward making the bears retreat. I think bounce will soon happen but if the 50% Fibonacci Retracement will be broken down to 8.0, there it will be an abandon ship.

Currently, RSI or Relative Strength Index is very much healthy at 34

LT GROUP, INC. (LTG)

LTG is moving downwards after it hit as high as 28.40. Looks like it is approaching the 23.6% Fibonacci Retracement level and 20-day SMA. There was a Doji candlestick last Thursday but the next day’s candlestick didn’t confirm. For those who are not able to ride on this stock last time it was around 24, there is still a chance you can hitch a ride soon. Just wait, don’t chase.

TRANS-ASIA OIL AND ENERGY DEV (TA)

We are still retaining our reading for TA which is sideways with bullish bias. The sideways movement usually happens after a big dip. Its like a calm after the storm. That is true if traders still have the conviction that this stock has room for growth. To those who have been on this price zone few weeks back, they might be there to support the price not to go below the 23.6% Fibonacci Retracement level. Once accumulation is completed, 3.0 should be an easy target for this stock. To those who were very eager to get in last time it rallied to 3.0, wait for us.

AYALA LAND, INC. (ALI)

ALI went up by 1.67% last Friday showing some bullish sentiment as it pierced the resistance line. Last week we saw the Ascending Triangle on ALI. Looks like ALI is ripe to continue its ascend after the consolidation. Normally we will have a test of newly found support. Lets see if the horizontal line can protect the price from going back inside the triangle. If the bulls will be able to hold this line then we should see ALI to go up further north.

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

The post Trader’s Logbook PSE Stocks Worth Watching May 14 – May 17, 2013 appeared first on TechFilipino.

Trader’s Logbook PSE Stocks Worth Watching May 6 – May 10, 2013

GLOBAL-ESTATE RESORTS, INC. (GERI)

Looks like GERI is taking a pause after going up from 2.2 to 2.7 Is it done resting? Current price is at 23.6% Fibonacci Retracement level. The price action since mid April creates a flag formation which is regarded as a short-term continuation pattern that mark a small consolidation before the previous move resumes.

The price action also shows that 20-day SMA line acted as a good support. Let us see if this week is its week.

PHOENIX PETROLEUM PHILIPPINES (PNX)

PNX is mid way to recovering from the big loss last April 25 and 26 after it made a rally last April 30 but bearish sentiment became obvious after we had the last two candlesticks. Is it just a “pause” from the rally or the Harami pattern suggest weakening of the bulls. Currently the price is above the 50% Fibonacci Retracement level. If the Harami will not be confirmed then it might continue its ascend and hit 10.50

In case this will turn sour and pierced the 50% Fibonaaci Retracement level, 9.20 will be our next support.

PHILIPPINE BUSINESS BANK (PBB)

Currently PBB is at its support line (around 34). Last time it hit this level it bounced up to 37. Will it happen again? The Gravestone Doji found last few trading days ago shows indecision among traders and this sentiment extends to two more days. Usually if we will see a doji at the lower part of the trend, this suggests reversal. Is PBB ripe for one?

TRANS-ASIA OIL AND ENERGY DEV (TA)

We were waiting for TA to create the handle for the cup last time (Shooting Star on TA, Cup and Handle soon?) and speculating 2.50 might be a good entry price but it didn’t happen. Instead it went up for a few days. I was upgrading my entry price at 2.7 because I thought it will test the newly found support until last Friday it suddenly dip following the bad news. The dip was quite big as it went down to 2.50

Taking a second look at TA right now we could see that the 23.6% Fibonacci Retracement level acted as a support last Friday with the 20-day SMA line as backup. Did the traders who bought at 2.5+ level did a sound decision last Friday or they were catching falling knives?

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

The post Trader’s Logbook PSE Stocks Worth Watching May 6 – May 10, 2013 appeared first on TechFilipino.

Trader’s Logbook PSE Stocks Worth Watching April 29 – May 3, 2013

BLOOMBERRY RESORTS CORPORATION (BLOOM)

The last two trading days last week made BLOOMers happy as the stock reverses from the trend. But will it continue? Will there be a new group of ipits this week? I think the big challenge here will be the resistance at 13.0 If the bulls can sustain the bears at 13 then this might fully reverse but if they will be overwhelmed by the bears then price may continue to go down after the bounce.

BANK OF THE PHILIPPINE ISLANDS (BPI)

Another test at the 23.6% Fibonacci Retracement level (support line) for BPI. This line has been tested a couple of times already. Will it give way to the bears this time or will it stay strong? Earnings report at 05/02/2013 is fast approaching. This could be anybody’s ball game for now but we’ll definitely monitor this one.

CENTURY PROPERTIES GROUP INC. (CPG)

Support level for CPG need to be strong or it might fall hard. Last time it bounced at the 38.2% Fibonacci Retracement level was last April 19. It was on that day that we saw a Doji and the lower slope support. This time, CPG’s price is approaching the lower slope with back up support at 38.2% Fibonacci Retracement level. Will it fall or bounce?

ENERGY DEVELOPMENT CORP. (EDC)

The area for EDC’s price to move has been getting narrow each day but I think its not yet time for a break out. Last Friday it went up as high as 6.69 (within resistance zone) but settled at 6.57 We have been seeing a higher lows but it seems it is still having a hard time breaking the resistance. Who will get tired first? The bulls or the bears? If this will break the 50% Fibonacci Retracement level then it might be easy for the bulls to bring the price to 7.0 and then close the gap up to 7.50 but while its not yet happening, we have a threat it will go down where 76.4% Fibonacci Retracement level will be our major support.

FIRST GEN CORPORATION (FGEN)

FGEN looks promising with the bounce from last Friday. Based on Fibonacci Retracement levels, 38.2% is our support which showed to be strong last week. This movement also brings the price inside the Bollinger Band from the lower band. Looks like this is heading north with additional indicator RSI saying BUY. Let’s see how it will move this week.

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

The post Trader’s Logbook PSE Stocks Worth Watching April 29 – May 3, 2013 appeared first on TechFilipino.

Trader’s Logbook PSE Stocks Worth Watching April 22 – 26, 2013

CENTURY PROPERTIES GROUP INC. (CPG)

Currently hovering just above the psychological support 2.0 and 38.2% Fibonacci Retracement level, this stock has the possibility to bounce. Based on movement last February of this year, we have seen that this stock pauses for a few days after it resumed to go up. Another instance was last March and that time traders were taking a very deep breath as it almost breach the 50% Fibonacci retracement level.

We also see a Gravestone Doji pattern which shows some bullishness after few drops. But is it enough? This type of pattern has a medium reliability so its not very strong. We need some convincing power from the bulls via large green candlestick or a gap up at the opening. Very interesting chart but be careful.

LT GROUP, INC. (LTG)

After successive rallies by LTG, it finally make a dip last Friday creating a familiar medium reliability Engulfing Pattern. We have seen possible reversal indicators on previous days but LTG ignored it all and continue to go up. Will the Engulfing pattern be different? Will the bears win this time and cause the price to correct looking for a support?

Engulfing Pattern is composed of two candlesticks where the last candlestick is a red one and engulfs a small green one. As the stock is characterized by an uptrend we see diminished buying reflected by the short, green real body. This then is followed by a strong sell-off, which lead to a close at or below the previous day’s open. Apparently the uptrend has lost momentum and the bears may be gaining strength.

Just in case this will fall, 1-year timeframe Fibonacci Retracement levels shows us that 20.0 or 23.6% Fibonacci retracement level is our support. As what we said Engulfing Pattern has a medium reliability. It needs confirmation via large red candlestick, a close below the previous price or a large gap down.

ROBINSONS LAND CORPORATION (RLC)

Is RLC going to continue its ascend very soon after the consolidation? RLC is currently forming a contracting wedge and the space for price action becomes narrower. This formation may lead to a break for the current formation. Since RLC is generally in an uptrend, there is a greater chance that it will break from the resistance. Notice that we also have a declining volume which could be considered quiet before the storm or the tightening consolidation before breakout occurs.

Although one should also be ready if it breaks from the support.

STA. LUCIA LAND, INC. (SLI)

What we saw last time with the Symmetrical Triangle on SLI still holds true. Almost breaking from the triangle last Friday but settled at 0.99 Although the 50% Fibonacci Retracement level seemed a challenge for SLI, the lower slope proves to be strong support as of this time. The area for the price movement is getting narrower as days passes. This should be interesting this week.

PHILEX MINING CORPORATION (PX)

PX went down last week by 7.46% Last Friday the price touched 16.0 but was able to regain a little bit of control. Currently, it is at the mercy of the 50% Fibonacci Retracement level which acts as our support. Interestingly we also notice that the price movement of PX since last March is creating a wedge with some points of interest like the BUY signal on RSI last March 21 which starts the bounce from the lower slope and continued to go up then went down last April 15. This time, another buy signal from RSI and price is at the lower slope. Such pattern may develop to be a falling wedge that may act as a continuation pattern.

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

The post Trader’s Logbook PSE Stocks Worth Watching April 22 – 26, 2013 appeared first on TechFilipino.

Trader’s Logbook PSE Stocks Worth Watching April 15 – 19, 2013 – SMDC, PGOLD, DNL, EDC & MED

SM DEVELOPMENT CORPORATION (SMDC)

Looks like we have something interesting for SMDC. As we can see in our chart we have our resistance (horizontal line) and then we have our support formed by the higher lows which act as our support. Even if most often we will see the price breaks after sometime on this formation there are still times when resistance is so strong that price will instead go down after few tries of breaking the resistance. A test buy is good at this point and if it turns sour, somewhere around 38.2% Fibonacci Retracement level will be our support.

PUREGOLD PRICE CLUB, INC. (PGOLD)

Last Thursday we saw PGOLD did a good job and much that we cheer for this stock to continue move upwards, we are also reminded that sometimes price will test the newly found support before continuing. Is last Friday’s descend of 2.29% can be called a test of support or prior day’s movement was a failed break? Earnings announcement on April 23 so this could be exciting.

MEDCO HOLDINGS, INC. (MED)

After 6 consecutive decline we saw MED took a reverse and successfully done it for the last two days. The question is: will it continue? Based on MED’s chart we see the 20-day SMA acted as a strong launch pad for this stock but it seems that every red candlestick’s highs will be its resistance. This stock is not for the faint of heart so just take extra care.

D&L INDUSTRIES, INC. (DNL)

This stock has been failing to emerge from its resistance. Will it disappoint investors this week? Last Friday it went above 7.03 but failed to stay at the top. Volume traded was concentrated on 6.99 and 7.00 Looks like we still have a good trade this week for this stock as it climb to the resistance level set by the all time high 7.20

ENERGY DEVELOPMENT CORP. (EDC)

We have been speculating that this stock will hit the resistance and eventually close the gap above but it seems it is taking a little bit slow. It seems we have an immediate resistance at 6.60 as we have experienced for the last two days. This week should be enough for us to see where this stock will lead us to.

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

The post Trader’s Logbook PSE Stocks Worth Watching April 15 – 19, 2013 appeared first on TechFilipino.

ENERGY DEVELOPMENT CORP. (EDC)

EDC continues to go down and the same question we were asking last week, EDC going to hit lower end? Some may consider doing a test buy around 6.26 with a speculation that it will bounce from there and start to climb but the upper limit of the range and eventually break the resistance. But at the same time speculating the 76.4% Fibonacci Retracement level will hold as a support if things turn sour.

COL Financial upgrades EDC to BUY rating with an upside of 30%+

BANK OF THE PHILIPPINE ISLANDS (BPI)

Could this be a good time to enter BPI? After dropping 2.11% last friday and total of 7.09% this week, this stock is of interest to some. There was a sell down last Friday following the statement from Nomura Group saying Philippine banking stocks are overvalued (http://www.interaksyon.com/business/58491/philippine-banks-overvalued-nomura-says) Technically, the price movement of BPI is creating a channel and current price is at the lower limit of this channel. Will it bounce from there?

If the shock wave is not yet over, we might see the price heading for the support at 38.2% Fibonacci Retracement level.

BDO UNIBANK, INC. (BDO)

BDO may take another test on the 38.2% Fibonacci Retracement level (support) following the bad statement from Nomura Group about banks in the Philippines. After taking off from the launch pad last 2nd half of March and hitting 23.6% Fibonacci Retracement level, price is heading back to earth. In case this wouldn’t hold, 50% is our next support.

LEPANTO CONSOLIDATED MINING A (LC)

LC was down by -11.32% last week. Will it continue to go down or we will experience a bounce at this level? After the big fall last April 2 I thought the next day was a fire exit but the remaining action last week shows indecision among the players. This is something of interest for the tsupiteros. In case the action will not be in the favor of the bulls, support will be at 0.86

METROPOLITAN BANK & TRUST COM. (MBT)

MBT made a good defense to avoid being battered by the bears unlike BDO (BDO may test 38.2% Fibonacci Retracement level again) and BPI (Is it time to buy?) Price action seemed to heading towards the 23.6% Fibonacci Retracement level which is just a few fluctuations away from current price. Interestingly, MBT seemed to be developing a Descending triangle. Although this type of triangle is most of the time bearish as the price will eventually break the support line and continue to fall. In some cases the support line will be too strong, and the price will bounce off of it and make a strong move up.

In case MBT just have a delayed reaction compared to other banks relating to the news, we will be seeing MBT going down to 38.2% Fibonacci Retracement level.

PUREGOLD PRICE CLUB, INC. (PGOLD)

Take a deep breath as PGOLD may touch the base before bouncing off like a basket ball and bulls may finally win over the bears in this arena. Of course that is just speculation. Looking at the chart it seems that is likely what will happen. Few weeks ago we have seen this stock bounce from 23.6% Fibonacci Retracement level but momentum died down when it reach the camp of the bears, thus the retrace. This time its the duty of the bulls to guard their post and if they succeed, price will move up. Let us see who will get tired first.

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

The post Trader’s Logbook PSE Stocks Worth Watching April 8 – 12, 2013 appeared first on TechFilipino.

Trader’s Logbook PSE Stocks Worth Watching April 1 – 5, 2013

JOLLIBEE FOODS CORPORATION (JFC)

The break from resistance got a great help from the window dressing and Investment Grade rating on the last day of Philippine trading. Now the price is above the upper slope of the channel and above the 23.6% Fibonacci Retracement level. Most often we see a test of newly found support after the breakout of a stock, will it do the same on JFC? RSI is still below 70. Let’s see how traders react on Monday. I am already on the bandwagon when I saw JFC’s flag

BDO UNIBANK, INC. (BDO)

Checking on the banking sector after the end of the 1Q of 2013 shows that BDO is still a good choice based on my filter. See my post here Review on my Banking sector investment basket

Technically BDO has a bullish bias since the time we saw the Piercing Line on BDO?. Looks like at lot of room to move up as of this time.

Based on my filters and technical attributes of this stock, my plan to hold it for long since September 2012 is still holds true.

SM PRIME HOLDINGS, INC. (SMPH)

SMPH still looks attractive compared to its large cap rivals ALI and BEL. You may see my separate post here Review on my Property sector investment basket

On technical side, looking at the daily chart we see a Falling Wedge. Although we see this formation most of the time during downtrend and regarded as reversal pattern, this time we see it at the top of the trend and we call it a continuation pattern. When the falling wedge forms during an uptrend, it usually signals that the trend will resume later on. (http://www.babypips.com/school/wedges.html)

FIRST GEN CORPORATION (FGEN)

After we posted about FGEN (Close that gap FGEN), it finally closed the gap but at the same time it shows great indecision among the bears and the bulls. The Doji candlestick tells us that price went up and went down but settled near the opening price. Since the indecision appears after it rallied to close to gap, does it mean we will have a dip soon? Will the bulls tired of bringing the price up and would have to rest?

Its better to see what Monday would bring before deciding. Since the Long Legged Doji is a single candlestick pattern, it is better to see confirmation in the form of a move opposite to the prior trade on the next trading day before we can say it really reversed. Absence of the confirmation means reversal failure so price will continue with its current trend.

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

The post Trader’s Logbook PSE Stocks Worth Watching April 1 – 5, 2013 appeared first on TechFilipino.

My Lessons learned after 6 months of Stock Trading / Investing.

Lesson #1: Fundamental vs Technical Analysis

I’ve written a post on Fundamental vs Technical Analysis or Both? I think each one has its strengths and weaknesses, but one thing is for sure, there’s a connection between the two and what I (personal opinion) think right now is that Technical analysis is about the emotions of traders / investors and to get them to be happy there has to be good news all the time. To have good news, you got to have good fundamentals.

Lesson #2: Institutions Rule

What’s your thousands or millions compared to the billions that institutions hold. Recently, the market corrected for almost 2 weeks, that’s coming from a sell signal from a fund manager and the index dropped significantly (I went under at that point). This is just the power of Institutions, if they decided it’s enough everything goes down low.  You have to respect that and never go against it in trading (but not necessarily when investing, especially for long term holds). I learned to respect their buys / sells and have to learn to go along with them with my trades but go against them when things become cheap fundamentally (when I know I have a good margin of safety). If you’re able to track this, you’ll see how it works.

Lesson #3: Learn to take Profits

Sometimes we can get really greedy or fall in love in stocks too much, and guess what happens to our profits? Wiped out! During the bull market, I watched my value soar high just to feel shit when correction happens (and the cycle goes on and on). And during these correction period, I should’ve taken profits so now I could be bargain hunting. I remember attending the Market Outlook 2013 from our group The Global Filipino Investors, and a talk particularly with Technical Analysis expert, Ramir Libre. What he said was, whenever the market reaches an all time high, take profits. I’ll be trying this strategy soon, if the PSEI reaches another high.

Lesson #4: Learn about Macro Economics

When you look at a business, that’s a micro level, but if you look at the whole Philippines economy, that’s macro. So why is this important? I believe these indicators would tell us if it’s still safe to invest or is the market going down. I have yet to learn this fully, but I’m starting to read up on these. I think it’s important to understand what these indicators mean and its impact on the stocks we invest in.

Lesson #5: Stick to a Plan

The biggest problem is that it can become so tempting at times to not stick to our plans, like from buy and hold to cutting loss and moving on to the next stock. Luckily, last week when the investment ratings went up, my stocks went back to normal levels and I’ve gained before the month ended but not to my target of at least 5%. I could be lucky on this, but my point is that it’s so easy and so tempting to break our plan but if I’m keep at my plan, I’ll be ok or at least suffer the least amount than going plan-less.

How about you guys? Do you have any Lessons to share with Stock Trading and Investing? Please leave your tips below =)

The post 5 Lessons Learned after 6 Months of Stock Trading and Investing appeared first on TechFilipino.

Our index last week dropped but was able to rebound for the last two days. Without the bounce, we could have gathered bigger losses. Nonetheless, those who were looking opportunity to get in, the drop should have been your opportunity. This week we might get some gains from JFC, PX, BDO, FGEN and AGI.

Trader’s Logbook PSE Stocks Worth Watching March 25 – March 27, 2013

JOLLIBEE FOODS CORPORATION (JFC)

Currently at oversold level, this stock is poised to go up soon but no signal yet from our candlesticks. We do have something to speculate from other indicators. If we look at our chart we see a flag pattern.

The flag pattern forms what looks like a rectangle. The rectangle is formed by two parallel trendlines that act as support and resistance for the price until the price breaks out. In general, the flag will not be perfectly flat but will have its trendlines sloping.

Flags are short-term continuation patterns that mark a small consolidation before the previous move resumes. These patterns are usually preceded by a sharp advance or decline with heavy volume, and mark a mid-point of the move.

PHILEX MINING CORPORATION (PX)

Will the power of the Morning Doji Star continue to support PX and bring it to a higher level on its short term or we will see bears coming back in? Last week we saw the Morning Doji Star (PX on the rebound?) Last Friday there was an attempt to bring the price up but some traders opted to sell. Still there is a bullish sentiment as we observed more than half of the volume are traded above 17.48

BDO UNIBANK, INC. (BDO)

The bulls that created the Piercing Line on BDO has not failed us yet as it close 4.02% last Friday. As we observed last week it touched and bounced at 38.2% Fibonacci Retracement level and is not approaching the 23.6% level. Are we going to see a continuation of its ascend even if we only have 3 trading days this week?

FIRST GEN CORPORATION (FGEN)

We have seen FGEN range trade this past few days. Currently our price is at the high point of the range. Last Thursday we don’t have much participation from the traders and the candlestick turned out a Doji. As we all know this candlestick shows indecision mood between bears and bulls but the next day’s action seemed to put more bias on the bulls. Will the price go up to fill the gap? MACD signals a BUY and RSI is still in a good level.

ALLIANCE GLOBAL GROUP, INC. (AGI)

We are now looking at a low reliability candlestick formation called Harami on AGI at this point. The Harami Pattern is a sign of disparity about the stocks condition. While we saw that it is characterized by downtrend and bears are all over it there was a continuation of the trend however on the last day we see a small green real body that is contained within the prior candlestick. This may signal a trend reversal since the second day’s small real body shows that the bearish power is diminishing.

Then again, this has a low reliability so confirmation is strongly suggested. We need to see a large green candlestick or a large gap up. Will that happen on holy week?

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

The post Trader’s Logbook PSE Stocks Worth Watching March 25 – March 27, 2013 appeared first on TechFilipino.