• Near Term Catalyst For The PSEi

    Near Term Catalyst For The PSEi

    Much has been said already about how the government’s tax reform package will drive the local stock market higher even past its 8,100 peak. For the mean time, the index has been stuck within a tight range with a support at 7,123 and a resistance at 7,400 while the said tax reform is currently being

  • 2 Rounds In Medco Holdings, Inc.

    2 Rounds In Medco Holdings, Inc.

    Medco Holdings, Inc. (MED) provided us with two easy-to-capture trades in the past. The first one was when it broke out from a long term consolidation. Even before its initial breakout, we were already expecting it to pop to the upside as it was already silently approaching its prior resistance at Php0.80. Following its break,

  • Avoided a 34% Slide in Bloomberry

    Avoided a 34% Slide in Bloomberry

    In our Equity Advisor issue last December 10, 2015, we issued a warning regarding Bloomberry Resorts Corporation (BLOOM). There, we stated that the stock would see an accelerated decline following a slip below its supposed floor at the Php5.00 level. Note that at the time the stock was being ‘shopped’ by different investment firms as

  • Consolidation Break to Carry DD to Php10.00?

    Consolidation Break to Carry DD to Php10.00?

    DoubleDragon Properties Corporation (DD) has scored another massive single day run with a gain of 11.80% last March 26, 2015. Trading was also heavy with a value turnover of worth Php150 million. In any case, one can observe that the stock has just broken out from a 10-month consolidation. Given this break and its ability

  • Another Bounce Play On HOUSE?

    Another Bounce Play On HOUSE?

    Here’s another opportunity to play the range of 8990 Holdings, Inc. (HOUSE). As you can see from its chart, the stock has dipped back to the resistance of a rectangle at around Php7.50. A support here plus a presence of a bullish hammer candlestick in its dailies suggest a potential rebound in the near term.

  • HOUSE To Spring Back Off Its Php7.50 Floor?

    HOUSE To Spring Back Off Its Php7.50 Floor?

    Here’s a potential bounce play on 8990 Holdings, Inc. (HOUSE). While the stock has recently fallen below its Php8.00 support, its floor at the resistance of a rectangle that it broke before has so far managed to keep it afloat. A bounce here can send it back to Php8.50. A move past Php8.50 may then

  • Range Or Breakout Play On The Cable

    Range Or Breakout Play On The Cable

    The GBPUSD pair or the Cable as what people call it in the streets has risen towards the upper part of its trading range. As you can see from its daily chart, the pair is just a step or two from reaching its resistance at 1.6250. If selling persists at this level as it did

  • Technical Overview on MEG

    Technical Overview on MEG

    Here’s a quick technical overview on Megaworld Corporation (MEG). MEG had been trading within a descending channel since September 2010 before finally breaking loose early this year. After escaping above the critical Php1.80 resistance last March, MEG has steadily moved upwards. It eventually reached its minimum upside target at just above Php2.40 and by the

  • FLI me to the moon!

    FLI me to the moon!

    Well not exactly to the moon but Filinvest Land’s prospects, at least from the technical perspective, remains promising. As can be seen from its chart, FLI basically had been sleeping as it had been trading within a slightly downward sloping channel or rectangle. It was only roughly a month ago when it broke above the