• 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

  • 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

  • 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

  • Bullish Hammer Worked In GTCAP (Closed Trade) + Update

    Bullish Hammer Worked In GTCAP (Closed Trade) + Update

    A bullish hammer Japanese candlestick pattern that showed up in the chart of GT Capital Holdings, Inc. (GTCAP) last November 26, 2013 indeed led a rally in the stock. As per our Equity Advisor that we released during the same day, we mentioned that the stock would most likely rebound very soon following the steep

  • GTCAP Standing On Quick Sand? Part 1

    GTCAP Standing On Quick Sand? Part 1

    More bad days are expected to come for GT Capital Holdings, Inc. (GTCAP). As you can see from its chart, the stock has recently broken down from a rare continuation head and shoulders pattern. If the stock does not rise over its previous neckline support at Php737.00 then it will likely speed lower towards its

  • 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

  • Looking To Jump Into The USDCAD Breakout

    Looking To Jump Into The USDCAD Breakout

    August 2, 2013 (2:31 pm) – The USDCAD pair has recently broken out from an inverted head and shoulders (inverted kilroy) or a rounding bottom pattern as seen in its 1-hour chart. The pair has hit a high of around 1.0360 after moving above its neckline resistance at 1.0320. Now if the Canadian dollar temporarily