• Consolidation Break To Jump-start Meralco

    Consolidation Break To Jump-start Meralco

    Manila Electric Company (MER) will likely turn the lights on and head higher in the very near term. As you can see from its chart, the stock has just escaped a 2-year consolidation when it surpassed its resistance at Php285.00. Note that its upside breakout has actually been preempted by the higher low bases that

  • Technical Foundation That Preempted TAPET’s Surge

    Technical Foundation That Preempted TAPET’s Surge

    Most uptrends are preempted from a breakout from a base that serves as ones launching pad. In the case of Trans-Asia Petroleum Corporation or TAPET, this base was in the form of an inverted head and shoulders (inverse kilroy in other books). Back in April 2015, the said inverted head and shoulders was not actually