5.27.12 Index, index stocks, LC, PAX

Napasilip lang…
1st Quarter 2012 Results of selected stocks…

 

 

PSEi

Remember that pennants are continuation patterns. A breakdown on that pennant will send our index to 4,600.

 

Let’s check the index stocks if they will agree on general index’ pattern.

 

MPI – another bearish pennant

 

ALI – bearish FLAG

 

GLO – need to break the descending resistance

 

MBT

 

MEG – make or break at 1.90

 

RLC – potential head and shoulder

 

DMC

 

JFC – need to break that descending resistance line

 

URC

 

 

 

LC

 

PAX

 

Caveat!

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