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 19

After 6 days of continuous ascent (with one ceiling at that), PWR finally succumbs to profit taking. Other basuras followed suit. Could the rotation finally be shifting back to the blues?

One of my most favorite setups are fundamentally sound stocks which have been constructively consolidating for sometime.We've seen this happen in my previous analysis of LC which incidentally powered higher today.

AT right now is nicely consolidating since its run up from 17. Based on its current range, 23 is acting as support while 24.40 is the resistance.
Break the resistance with volume and we might see a continuation of its uptrend. Closed today at 24 with a whopping 1.6M on the buy side.

VLL is also consolidating in an even narrower range. Notice that the bollinger band has further tightened suggesting an impending huge move. Whether its up or down is anyone's guess. Very minimal downside risk at this point though. If VLL does breakout of its range, initial resistance would be at 3.30 then 3.60. If it breaks down though, cutloss points could be pegged at 3.10 then followed by 3.00

From my previous analysis of SCC, it has continually respected its pivot point and has now followed thru on its gains. Based on its movement today, we're looking at a possible upside of 245. MACD is healthily pointing up and moving away from the zero line to support this.

LPZ continues to consolidate below its resistance line. A couple of encouraging signs though:
1) Dragonfly doji formation today suggests that it may attempt again to build momentum to take out resistance line.
2) A higher low was formed. 5.55 was the first low; 5.72 was the second low. This was the setup I was looking for in my previous LPZ analysis.
3) Stochastics starting to point up

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.