Tyro Trader's Analysis - Week of Nov 28

I'm back after being sidelined for 4 trading days. Boy did i miss that jumungous worldwide rally last week along with LC's breakout. Zeroing in on LC, notice that Macquarie & 323 already stopped their selling the past 2 days thus augmenting F. Yap's nonstop buying. Looking at the charts, we see a clean uptrend line that's well intact. RSI is still at a manageable 78 while MACD is widening further. With momentum clearly being in LC's side, we can see a test of the previous 1.82 high as early as this week.

PNB was again able to hold the 52.50 fort thus establishing a triple bottom. Having the same behaviour as with LC, Macquarie can also be seen accumulating PNB past 2 days. MACD is also starting to turn. Could we finally see a clean break above 57 this time around? I would be adding to my existing positions in the event that it does.

Having almost the same pattern as PNB but without the triple bottom, SCC can also be seen still trading in a range. I'm quite bullish on the behaviour of both stocks since both are consolidating their respective gains from their September lows. All we need now is a trigger that would break them out of their respective ranges and onward to possibly another uptrend. I already have positions in both with cutloss points set a few flucs below the range support but with a trigger to add further in the event that the resistance is broken convincingly towards the upside.

MPI wasn't able to sustain its uptrend after 3.44 failed to hold. It has instead formed a range with 3.40 acting as new support which is also the 200day SMA. Factoring in MACD pointing down, prices might consolidate for now. This is healthy since prices did already rise 32% from its October low. A strong break above 3.60 though would once again trigger the uptrend. Just hope no more new private placement announcements come into the picture else we might see prices falling back down once again.

Good luck with your trades!

All charts courtesy of Citiseconline.

Disclaimer: My above analysis are just that: analysis. I am in not in anyway soliciting for you to buy or sell any security issue. The only person accountable for the trades you make would be yourself and I cannot be held liable in any way for the same.

Tyro Trader's Analysis - Nov 24

Ever since LC brokeout last Nov 17, notice that volume was at a consistent 200+ million while the big guns F Yap, Wealth & Macq were the top net buyers until yesterday. It was only today that 121 began taking profits but 162 and 269 still kept buying. Yesterday's close extended LC beyond outside the bollinger band so it was but natural for it to pullback within it. So is today's movement just a healthy correction in an overall uptrend to test the previous 1.82 high? Possibly, but it would help LC's case if we see a consolidation between 1.48 & 1.56 so as to absorb all the sellers from the previous range.

SCC continued with its consolidation today. Volume picked up though with 323 being the lead buyer. Notice though that all of his sells were cross sales. Sign of accumulation perhaps? We just have to wait and see where the next big move will take us.

MPI closed right smack at the uptrend line support I mentioned yesterday. Either prices hold around this level in order to resume the uptrend or it could just consolidate for now until the next surge towards the 3.74-3.64 gap.

Good luck with your trades!

All charts courtesy of Citiseconline.

Disclaimer: My above analysis are just that: analysis. I am in not in anyway soliciting for you to buy or sell any security issue. The only person accountable for the trades you make would be yourself and I cannot be held liable in any way for the same.

Tyro Trader's Analysis - Nov 23

For a moment there, I thought that this is it for MA. Unfortunately, .064 proved to be a tough resistance line to crack. MA closed the day unchanged and with a gravestone doji. This suggests that MA will continue to consolidate in the .060 to .064 range. Will continue to hold onto my positions for now or until my .060 cutloss point is breached.

LPZ closed the day at it highs courtesy of Deutsche buying up the prices at the close. Its trying to break out from a 6-month downtrend line. Technical indicators are looking good. The only thing lacking now is volume to support the breakout. I still have positions here from the failed breakout last Oct 28. Will continue to hold this and observe for any possible follow thru buying.

I still continue to hold onto my SCC shares. Minor support at 207-208 seems to be holding relatively well as buying picked up today. Notice that the bollinger band has begun to tighten suggesting an impending big move. DMI also gave off a buy signal today. Can 220 be broken this time around?

Profit taking ensued in MPIs movement today after 2 days of strong ascent. Looking at the uptrendline alone suggests support near the 3.44 level. Buying as close to 3.44 would be ideal while having 3.40 (previous breakout point) as your cutloss price. Notice that there's a gap between 3.74 and 3.64. This could serve as the next gap fill upside target if 3.60 is taken OuT. WItH A . 4 eNtRy pOiNt aNd 3 4 CuTlOsS Point combined with a 3.74 upside, you get yourself a nice 3:1 reward-risk ratio setup.

Yesterday, I bought a miniscule position in MHC at .69. I have 2 very strict rules when entering a stock purely for speculative play: 1) Immediately sell when cutloss point is hit & 2) Moderate your greed. Middle of today, MHC did try to rally only only to be met again by BA's barrage of selling. Was fortunate enough to sell at .84 when I saw at some point a 1million+ asking volume @ .85. Although I did gain 20%; it was just a small amount in terms of peso value. Nonetheless, a gain is a gain. Now rinse and repeat if other speculative opportunities present themselves.

Good luck with your trades!

All charts courtesy of Citiseconline.

Disclaimer: My above analysis are just that: analysis. I am in not in anyway soliciting for you to buy or sell any security issue. The only person accountable for the trades you make would be yourself and I cannot be held liable in any way for the same.

Tyro Trader's Analysis - Nov 21

Last Friday, I closed out all my positions in LC. Although it made a higher high again today, it did close with bearish looking shooting star pattern. Was the break above 1.40 just a bull trap? If 1.40 is unable to hold, we might see LC move back within its previous consolidation. If it does hold though, there would be a higher probability that its uptrend would continue.

SCC closed nicely today and off its low. If its able to continue with its ascent in the next few days, 207-208 (which incidentally is the 130day EMA) would be the higher low set up I was looking for relative to 204. Could it finally muster enough momentum to finally break 220 convincingly this time around? I would average up on my positions if 220 is broken but if it holds, I would be a seller. Note that MACD suggests that we're still in consolidation mode.

CPM seems to be slowly gaining volume and momentum. Its 1.91 intraday low (also its 16 day and 130 day MA) was well supported. Next psychological resistance is 2.00 followed by its previous 2.15 high.

PSE was barely able to defend 4,300 today closing .53 below it. MACD however already gave off a sell signal. With euro dropping and futures 3 digits lower as of this writing, we might potentially see PSE following thru on its breakdown by tomorrow. If it does, I would be on the sell side for all my positions in the green to protect profit and further tighten my stops on newly entered positions just to preserve capital. I can always buy again when overall sentiments are better. My strategy would be totally different though if I'm playing purely the 3rd liner / ceiling game. I actually have small positions on some. You'll know your basura positions are too much when you're already losing sleep over it; just keep it manageable and above all, faithfully follow your cutloss points.

Good luck with your trades!

All charts courtesy of Citiseconline.

Disclaimer: My above analysis are just that: analysis. I am in not in anyway soliciting for you to buy or sell any security issue. The only person accountable for the trades you make would be yourself and I cannot be held liable in any way for the same.

Tyro Trader's Analysis - Nov 16

MSCI inclusion really does wonders for stocks. One of the beneficiaries, URC when it rocketed up at the opening with a 5% immediate gain from yesterday's close. It closed the day at a multi-year high and with huge volume to boot. If one wants to enter, better to let the euphoria subside; allow the prices to cover that huge gap and go back within the bollinger band. The shooting star pattern also suggests that it may move sideways from hereon. Lets still see though by tomorrow if its uptrend does continue.

Another MSCI inclusion beneficiary is Lepanto Mining. LCB benefited the most since foreigners are able to trade it. I'm more looking into its local LC counterpart. Its currently knocking on its 3 month downtrend channel & volume slightly picking up. From a shorter point of view though, LC's still trading sideways with 1.40 acting as resistance. This needs to be taken out for it to trend up. Will only be trading this for now and will be a seller as close to 1.40 as possible.

After piercing thru 220 two days ago, SCC looked like it was about to trend up. Since then however, Macquarie and BDO just kept on selling. SCC touched 211 today which is its recent low. A stronger support however can be seen at 204 since its seems to bounce back every time its hit. It would be ideal if it can establish a higher low relative to 204 for it to have a better chance at breaking 220 on the next run.

PSE continues to respect the 4400 resistance as sellers outgunned buyers today. It may need to wind up some more to finally break it. What would be ideal is for our index to establish a higher low with respect to the recent 4,200 low it made along with a confluence of good global economic news. Have your ammunition ready for this!

Good luck with your trades as always!

All charts courtesy of citiseconline.

Disclaimer: My above analysis are just that: analysis. I am in not in anyway soliciting for you to buy or sell any security issue. The only person accountable for the trades you make would be yourself and I cannot be held liable in any way for the same.

Tyro Trader's Analysis - Oct 27

Both LPZ and EDC breaking above their downtrend lines. MACD and DMI Indicators looking healthy. Risk:Reward is favorable if one were to consider their recent lows.

Have positions in GERI as well. Cutloss is pegged at recent low of 2.08; minimal risk assumed at current prices. MACD still needing to cross up the zero line though so as to gather momentum

DOW up by 200 points as of this writing. Could this really be the start of a new uptrend? A lot are waiting for that correction in the PSE that isn't really happening. I say, just ride the rally. Good luck with your trades!

Disclaimer: My above analysis are just that: analysis. I am in not in anyway soliciting for you to buy or sell any security issue. The only person accountable for the trades you make would be yourself and I cannot be held liable in any way for the same.

Tyro Trader's Analysis - Oct 18

After 8 days of continuous ascent, our index finally succumbed to profit taking. This coincides with DOW's triple digit correction last night.

Ideally from hereon, our market gets to establish a higher low relative to 3,828 (where this current rally started from). Once that higher low is set, we should see our index being able to better challenge the 4300 level.

For now, I'll just be waiting for the current correction to take its course before taking in new positions.

P.S. Wasn't able to update my blog for the past 1 month and half as I was swamped by my day job. Hopefully i'll be able to update this blog more regularly from hereon.

Tyro Trader's Analysis - Aug 23

PSE closed strong today. Although this can be partially attributed to TEL going ex-cash tomorrow thus lots of buyers scooping up shares in order to be entitled to the divs. Nonetheless, TEL along with some blues closed at their highs. This enabled our index to come knocking on the short term downtrendline. DMI looks encouraging as we seem to be gathering some upward momentum. Hopefully this run will enable our index to move back within the 6 month uptrend line. Notice as well that alot of basura stocks (i.e. BHI / BSC / WPI / UNI / ZHI) closed at their lows while some even broke below their short term support lines. Are all these signs that rotational play is finally going back to blue chips?

For the past few days all I've been doing are quick trades in basuras and I also used only a portion of my capital just to mitigate my risk. Managed some gains in BSC,WPI,ZHI while had to quickly cutloss in UNI. Honestly, I still prefer trading more stable and predictable blues and second liners. Less exciting than basuras but less stressful as well. C'mon PSE lets get back within the uptrend line!

Tyro Trader's Analysis - Aug 16

Our index continues to trek a higher after filling the gap. As of this writing though, the DOW is in the red. This could be seen as a healthy pullback considering its massive rally the past 3 days. If the DOW does end down, it could possibly serve as an added excuse for PSE to have a pullback of its own considering we've also gone up for 5 days in a row. As this week, I've managed to rebalance a bit of my portfolio -- lessening my exposure in blue chips and venturing into fairly quick (for my standards, at least) trades and speculative plays. Will maintain this stance until prices start moving above short term MAs and MACD crossing above zero line.

Yesterday, East Asia Power Corp (PWR) broke out of its symmetrical triangle. Today however, it closed with a shadow. If prices do continue to drop, the breakout could've been simply a bull trap. MACD does look a bit encouraging though as the buy line is already pointing up. All we need is cross up to strenthen the resumption of its breakout.

Waterfront Philippines Inc (WPI) also did its own symmetrical triangle breakout. Unlike PWR though, WPI closed with a nice looking hammer today albeit on lower volume. P0.60 could serve as its short term support while having P0.77 - P0.79 as the next major resistance.

Good luck with your trades!

All charts courtesy of citiseconline.

Disclaimer: My above analysis are just that: analysis. I am in not in anyway soliciting for you to buy or sell any security issue. The only person accountable for the trades you make would be yourself and I cannot be held liable in any way for the same.

Tyro Trader's Analysis - Aug 12

Our index has been going up the past 3 days. Last Friday though, it did close with a bearish looking shooting star pattern. This shows that some investors took advantage of the rally by unloading their positions while some who went bottomfishing begun taking proftis. If you'll notice in the charts, the 3 day rally really just filled the gap that was formed when the index gapped down last Aug 9. It also allowed prices to normalize within the bollinger band. The big question now is, are we going to consolidate within a range (between 4,360 and 4,130) or was this rally just a dead cat bounce and we're en route to further declines? Don't really know the answer to that as of yet. In case you want to trade this very uncertain market, you have the aforementioned price points as your range.

Good luck with your trades!

Chart courtesy of citiseconline.

Disclaimer: My above analysis are just that: analysis. I am in not in anyway soliciting for you to buy or sell any security issue. The only person accountable for the trades you make would be yourself and I cannot be held liable in any way for the same

Tyro Trader's Analysis - Aug 10

DOW finally rebounded from way oversold conditions. Unfortunately, the damage has been done to our PSE. Looks like my previous bearish assumption was that assumed by the market; that we won't be seeing our previous high anytime soon.

All this volatility has resulted in stocks gapping down and gapping up left and right. Given the erratic behaviour of most stocks, I still find it difficult to ascertain patterns in their charts. For the aggressive trader, this erratic market can still be traded albeit just for quick punts. Just look for the gaps to be covered afterwhich, I would immediately get out. For the more conservative ones, you could just wait it out until the volatility subsides.

For those caught with positions from the previous highs and consolidations, you could use this rally as a chance to get out, hopefully with still some profits no matter how small, or to just cut your losses. At this point, its still too early to tell whether the rally we had today is already a reversal or just a dead cat bounce. Capital preservation should ideally be one's priority given the market condition that we currently have.

Good luck as always!

Disclaimer: My above analysis are just that: analysis. I am in not in anyway soliciting for you to buy or sell any security issue. The only person accountable for the trades you make would be yourself and I cannot be held liable in any way for the same

Tyro Trader's Analysis - Aug 5

DOW was down by a whopping 500 points. US markets are now negative for the year. Our own PSE lost as much as 159 points before buyers started bidding up prices. In the end we closed the day with a very long tail with some stocks rebounding well off from their lows while some even closing at their highs. I'm currently neutral as to how I see the market. At one point, I am still bullish given our market's behaviour and the presence of still willing buyers. Notice that the intraday rebound actually coincides with a bounce from the 6month uptrend line. On the other hand, I am bearish because of overall global sentiments coupled with our PSE just coming off from its all time high. Appetite for equities could be decreasing resulting in less aggressive traders buying beyond the 4563 high if at all we still reach it.

I was already preparing my sell order (cutloss) for Aboitiz Equity Venture (AEV) when I noticed that volume was increasing and prices were being bid up. In the end, AEV went back within inside its asymmetrical triangle and closed at the triangles top end. Will we still see follow through buying by next week? I'll be assuming a defensive stance for now given how the markets have been behaving by tightening my stops for this.

In an almost similar fashion, Robinsons Land Corporation (RLC) bounced well off its opening price but unlike AEV, it was unable to close within its uptrend line. Notice that prices in the short term as well as volume are already on a decline. Given these factors, I'm now neutral and possibly looking into taking profits if at all a rally presents itself.

From a previous symmetrical triangle that I saw in Lopez Holding (LPZ), I'm now seeing a descending triangle which unfortunately is a bearish formation. Critical support price that needs to hold is P5.60 else, we would already see a continuation of its downtrend which the MACD and DMI are also indicating. There a small gap between 5.60 and 5.65 which could be covered next week. One could take advantage of this gap fill to sell into.

Good luck with your trades!

All charts courtesy of citiseconline.

Disclaimer: My above analysis are just that: analysis. I am in not in anyway soliciting for you to buy or sell any security issue. The only person accountable for the trades you make would be yourself and I cannot be held liable in any way for the same.

Tyro Trader's Analysis - Aug 3

With a backdrop of a huge 2.20% DOW decline last night combined with lingering overbought conditions pretty much set the stage for PSE's correction today. Given the depth of today's drop (PSE's biggest in 9 weeks), we might still see a continuation in decline. Next support would probably be near the 4450 recent low.

I find Robinsons Land Corporation's (RLC) behaviour today rather bullish. Notice that it opened way below its uptrend channel which initially signified a trendline break. It closed the day at the highs though which could mean that there were those who took advantage of the stock's low opening and bought it up. For now, we can assume that the uptrend is still intact and hopefully we will no longer see prices going below today's low.

Lopez Holding (LPZ) finally made its move which unfortunately is on the downside. Today, it broke below its symmetrical triangle and triggered simultaneous sell signals from MACD and DMI. I still have a bit of room left before it hits my cutloss price but once hit, execute without question. If its decline accelerates, we're looking at P5.55 as the next possible support.

Aboitiz Power (AP) also broke below its uptrend line. The bulls are struggling to keep it afloat though. Notice the long tails formed the past four days which suggests presence of willing buyers whenever prices do an intraday dip.

During times of correction (actually, make that at all times), ensure that you have your cutloss / trailing stops in place. That way, you'll have ammo again if and when the uptrend resumes.

Good luck with your trades!

All charts courtesy of citiseconline.

Disclaimer: My above analysis are just that: analysis. I am in not in anyway soliciting for you to buy or sell any security issue. The only person accountable for the trades you make would be yourself and I cannot be held liable in any way for the same.

Tyro Trader's Analysis - Aug 1

I was out on field the whole day so I won't have an individual stock analysis for today. Got to take a quick peak at our market though and to my surprise, our PSE closed up by 1%, past its previous 4515 high and making a new all time high! I'm just a bit worried though that there seems to be a divergence in RSI relative to the highs set last Nov. Nonetheless, lets just ride out this trend for now and let our profits run. Will also have a close eye on how the Aug 2 decision would pan out.

Disclaimer: My above analysis are just that: analysis. I am in not in anyway soliciting for you to buy or sell any security issue. The only person accountable for the trades you make would be yourself and I cannot be held liable in any way for the same.

Tyro Trader's Analysis - July 29

Our PSE is really in a world of its own. Almost all markets were down last Friday and yet our index was up. DOW also closed by almost another 100 points at the back of the lingering debt crisis. Aug 2 is the critial date for all markets since that's when the decision will be made whether or not to increase US' debt ceiling.

I noticed though that most of the stocks i've been following are technically heading towards the tail end of consolidation or are about to make their respective big moves. Could the Aug 2 decision actually be the trigger?

Semirara Mining (SCC) closed last Friday with a long tail (i.e. closing price was way above its lows) and in the process respected its uptrend line. Huge volume also signifies that alot of sellers were absorbed by willing buyers especially when it hit the P223 low. Note though that the DMI did set off a sell signal. As such, we will need to see a follow thru buying on Monday in order to negate the sell signal and confirm that P223 is the short term low. If indeed it does rally, P240 would be the next resistance.

Lopez Holdings (LPZ) proceeds to trade within the symmetrical triangle. Last Friday's movement actually hit the top and low end of the triangle's tightening apex. Big move continues to approach us. Just have your stops in place in case it goes south.

Robinsons Land Corp (RLC) continues to respect the uptrend line of its ascending triangle formation. Its just sitting a tad below its immediate resistance of P13.44 then followed by P14.00. We see the DMI also pointing opposite each other (refer to the green and yellow lines) which suggests that the uptrend will continue.

Aboitiz Power (AP) also continues with its own ascending triangle. We're also almost at the tip of the pattern with P33 being the critical price to break. If broken with volume, we could be looking at its 52 week high of P36.90 as the next resistance.

Good luck with your trades as always!

All charts courtesy of citiseconline.

Disclaimer: My above analysis are just that: analysis. I am in not in anyway soliciting for you to buy or sell any security issue. The only person accountable for the trades you make would be yourself and I cannot be held liable in any way for the same.

Tyro Trader's Analysis - July 28

Our PSE index today just flexed its resilient muscle. Despite the DOW Jones being down by around 1.5%, our market was apathetic and practically remained unchanged. All we need now is a catalyst, like a triple digit DOW move to the upside, to trigger a rally of our own.

In my July 22 blog entry, I mentioned that Aboitiz Equity Venture (AEV) was on my watchlist because of the symmetrical triangle it was forming. Since then, MACD is no longer pointing down and has flattened. Possible big move coming?

Lopez Holding (LPZ) also continues with its symmetrical triangle formation. DMI already gave a buy signal today signifying that it is about to enter an uptrend. This will be confirmed once we see prices break past P6.00 with good volume.

Vista Land (VLL) continues to conslidate its gains. It seems to be well supported in the P3.35 to P3.37 range. I'd probably give this a few more days of consolidation before it resumes its uptrend. Just observe the volume until that point when it has dried up which would signifies the absence of sellers. Next resistance could already be its 52 week high of P3.68 then possibly P4.00 afterwards.

Megaworld (MEG) seems to be hesitating in the P2.23 to P2.24 level; which is also its channel's resistance line. Prices might need to consolidate a bit in order to fall back within the bollinger band. For now, I'd let it establish a basing pattern in order to consolidate its previous gains before entering or adding up to existing positions.

Good luck with your trades as always!

All charts courtesy of citiseconline.

Disclaimer: My above analysis are just that: analysis. I am in not in anyway soliciting for you to buy or sell any security issue. The only person accountable for the trades you make would be yourself and I cannot be held liable in any way for the same.

Tyro Trader's Analysis - July 27

PSE finally moved up today after four days of decline. 4450 will now act as our short term support.

Lopez Holding Corp (LPZ) continues to be in my watchlist. Notice that its nicely forming a symmetrical triangle. MACD, Bollinger Bands and DMI (not shown) indicators point to consolidation but stochastics (which normally gives off the earliest trigger) signalled a buy today. Could the Lopez stocks (LPZ / MER / FGEN / FPH) be the next rotational play? If one were to enter this stock, buy within the triangle; cutloss if it drops below the triangle (exact price would depend on your position size & risk appetite) or let your profits run if it breaks above it. Given the small range of the triangle, risk should be minimal at this point.

One of the lagging stocks in the property sector finally made a move today. Sta Lucia Realty (SLI) is on the verge of breaking out from a six month downtrend. Notice that the price closed exactly at the resistance line today. The following factors tend to favor a breakout:
> Huge volume today which means that alot of sellers were already absorbed by willing buyers.
> MACD is about to cross up the zero line which suggests that an uptrend is about to take place.
> DMI (green line pointing up / yellow line pointing down) is also suggesting that a trend is about to commence.

Semirara Mining (SCC) proceeded to correct today. Notice yesterday that it had a huge volume turnover but price range was very restricted; PhP1.00 to be exact - telltale sign of distribution. Broker Macquarie (code 121) kept on buying though. If one were to enter or re-enter this stock, a safe price would be near 224 which is right about along its uptrend line support and near its previous breakout point. Just have your stops ready in case its correction becomes deeper.

Aboitiz Power (AP) continues to nicely respect its uptrend line. Its correction from its P33 high last week was a needed respite to relax its overbought stochastics; which incidentally is now pointing up again. Could it finally break past P33 in this run. Volume today was just on the low side for my comfort though.

Good luck with your trades as always!

All charts courtesy of citiseconline.

Disclaimer: My above analysis are just that: analysis. I am in not in anyway soliciting for you to buy or sell any security issue. The only person accountable for the trades you make would be yourself and I cannot be held liable in any way for the same.

Tyro Trader's Analysis - July 22

PSE continued to correct last July 22 but the property sector bucked the trend. 

One of the stocks that led the sector was MEGaworld. It was able to break passed its 6 months down trendline and with volume to boot. MACD indicator is about to trigger a buy signal( i.e. cross up in both the histogram and zero line). Momentum is definitely building up here. Looking at the one year down trend line; next resistance would be around the 2.30 to 2.32 range. If one were to enter now, cutloss points could be set at 2 or at 1.90 at most depending upon your position size and risk appetite.

I took profits from my positions in SCC as it formed a doji star (i.e. opening price is the same as closing price). A doji star suggests indecision amongst traders. Whether the uptrend does reverse or continue will be confirmed based on Monday's price action. Note as well that its price has been outside the bollinger band the passed four days which suggests that a pullback to within the band is bound to happen (i.e. Accdg to John Bollinger, creator of the Bollinger Band indicator, prices stay within the band 88-89% of the time). Will re-evaluate after Monday on when I'll consider re-entering this stock.

Another stock showing indecision is VLL which closed the day with a spinning top. Unlike SCC though, I maintained my position in this since properties could be the new play. It's runup also is just a day old so it may still have some more room to go. Notice as well that today's 3.32 low is a few cents from the one year downtrend line (and also the breakout point) currently pegged at 3.29. This pivot price point could possibly serve as a new short term support and a good entry price.

Good luck with your trades as always!

Disclaimer: My above analysis are just that: analysis. I am in not in anyway soliciting for you to buy or sell any security issue. The only person accountable for the trades you make would be yourself and I cannot be held liable in any way for the same.
 

Tyro Trader's Analysis - July 21

VLL finally made its big move after a long consolidation. Good thing it was up! Huge volume accompanied its ascent although there were alot of crosses by Deutsche. Nonetheless, price movement is still king. Could already be eyeing a new 52 week high?

SCC also continues to breakaway from its previous pivot point. Its now possibly targeting to surpass its one year high. RSI though is nearing overbought conditions so a pullback could just be around the corner.

LPZ's hammer closing today looks further enticing for me. Possibly building momentum to finally trample passed its 3 month downtrend line? MACD and STS though still need some work. Minimal risk at this point though if one were to put a cutloss price at around 5.55 to 5.60 level.

ELI's uptrend resumed today as it was able to find ample support at the P0.80 level.

Other stocks that continue to be in my radar are:
FPH - MACD about to cross up 0 line with PhP62.00 seeming to hold. Vol is also on the rise the past 3 days.

AEV - Symmetrical triangle nicely forming. Bollinger band also tightening which suggests an impending big move soon.

Good luck with your trades as always!

Disclaimer: My above analysis are just that: analysis. I am in not in anyway soliciting for you to buy or sell any security issue. The only person accountable for the trades you make would be yourself and I cannot be held liable in any way for the same.