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.