• GERI Barges Thru Our Technical Targets; What’s Next?

    GERI Barges Thru Our Technical Targets; What’s Next?

    Global-Estate Resorts, Inc. (GERI) has skyrocketed in the recent weeks and in the process has achieved our noted technical targets at Php1.50 and then at Php1.80. In the February 20 issue our our Equity Advisor, we noted the likelihood of a bullish reversal after the stock had invalidated its breakdown when it recovered above its previous support at Php1.35. And indeed, the stock rose immediately towards its initial objective of Php1.50. It did not stop there, however, as GERI managed to breach its resistance at Php1.50, sending it on track towards a new goal of Php1.80. True enough, GERI raced and even surpassed the said figure in just 2 weeks. Since its our initial ‘buy’ call on the stock was made, it has already risen by 44.12%… all in less than a month! Moving forward, a long upper shadow from last Friday’s trading indicate a presence of sellers nearby. This may lead for at least a move sideways or a correction to Php1.80 or even Php1.60. Still, the stock may aim for Php2.20 if it can stay above Php1.80.

    GERI write-up from the Trading Edge Equity Advisor:

    March 6, 2013

    stock market philippines global-estate resorts inc. GERI 3.06.14

    Global-Estate Resorts, Inc. (GERI) also reached for its initial target of Php1.50 following its recovery above its previous support as we highlighted in the February 20 edition of our Equity Advisor. Since February 20, 214, the stock has already risen by 15.44%. A new breakout now above its resistance at Php1.50 plus a strong unfilled demand amounting to roughly 10 million shares at yesterday’s closing bids at Php1.56 to Php1.57 indicate a possible surge in demand hence in price soon. If GERI can stay above Php1.47 then it may be able to aim for Php1.75. A slip below Php1.47, on the other hand, can send it to Php1.37.

    GERI write-up from the Trading Edge Equity Advisor:

    February 20, 2013

    philippine stock market global-estate resorts inc. GERI 2.20.14

    Megaworld’s little brother – Global-Estate Resorts, Inc. (GERI) appears to have invalidated its breakdown from an area pattern with its move back above its former support at Php1.35 today. If GERI can sustain its rise and at least hold on to the Php1.35 marker then it may be able to extend its arms and reach for Php1.50. A failure to hold above Php1.35, though, may send it to Php1.23.

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    *Consensus target price or average target price given by the major foreign and local brokers of various stocks are available in our Equity Advisor!

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