• Megaworld To Challenge Php5.00 Key Resistance

    Megaworld To Challenge Php5.00 Key Resistance

    Megaworld Corporation (MEG) has finally revisited its all-time adjusted high of around Php5.00. A long term hurdle at this zone, though, may keep its rise in check for the mean time. In other words, profit taking actions at its present mark may likely lead it to move sideways albeit in a tight range of Php4.75

  • Unfortunate Support Break In 8990 Holdings, Inc.

    Unfortunate Support Break In 8990 Holdings, Inc.

    Unfortunately for 8990 Holdings, Inc. (HOUSE), its supposed support at the previous resistance of a consolidation pattern failed to hold. This recent breakdown may lead HOUSE to its next floor at Php6.50. A fall below that may then send it to Php6.00. Note, though, that a jump over Php7.50 in the next couple of days

  • 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