• Semirara, While Hitting Its Initial Target, Still Has A Good Upside

    Semirara, While Hitting Its Initial Target, Still Has A Good Upside

    In our Equity Advisor issue last October 6, 2016, we noted that Semirara Mining and Power Corporation (SCC) would stage a recovery and aim for Php143.00 following its ability to invalidate a breakdown. As you can see, the stock has indeed achieved the said goal and more, giving it a gain of 19.17% in the

  • On the Money on Ayala Land (ALI)

    On the Money on Ayala Land (ALI)

    While a lot of supposed market technicians were advocating a ‘sell’ on Ayala Land, Inc. (ALI) at Php33.00 since it rebounded from its January 2016 low, we actually thought otherwise as the stock had a higher probability, considering its earnings growth of 19%, to breach the Php33.00 marker and head to Php37.60. Following its move

  • Caught the Bottom of Megaworld Corporation

    Caught the Bottom of Megaworld Corporation

    MEG write-up from the Trading Edge Equity Advisor: January 24, 2016 In our Equity Advisor issue last January 17, we issued a warning that Megaworld Corporation (MEG) would decline further and head towards a downside objective of Php3.00. As you can see from its chart above, the stock has indeed achieved the said goal. In the

  • Rally Extension Seen In Gold?

    Rally Extension Seen In Gold?

    The price of gold or the XAUUSD pair appears to have recently broken above a key resistance level last Friday. Its rise over the 1,260 marker translates to a breach of its downtrend line and it’s the neckline support of what looks to be a head and shoulders pattern.  Moreover, the jump that it made

  • Start Of The GBPJPY DIP?

    Start Of The GBPJPY DIP?

    2014 may be a not so good year for the GBPJPY bulls as the pair appears to have just broken down from a head and shoulders (kilroy) pattern. After reaching a high of 174.84 last January 2, the Japanese yen eventually rallied against the Sterling pound, leading the pair below its neckline at 170.70. At

  • PSEi Likely To Fall To 5,800

    PSEi Likely To Fall To 5,800

    The Philippine Stock Exchange Index (PSEi) may soon head to its downside target of 5,800 given its breakdown from a head and shoulders pattern (kilroy) last week. An oversold reading in its RSI, however, may lead to a short rally soon although such reading may not be as effective on an intermediate downtrend. In any

  • Head And Shoulders Breakdown On The AUDUSD?

    Head And Shoulders Breakdown On The AUDUSD?

    The AUDUSD pair looks to have been in the process of breaking down from a head and shoulders (kilroy) pattern as seen in its daily chart. Notice that the pair neckline lines up pretty well with its previous resistance at 0.9300. Hence, if the pair manages to close below the said level, then it may