5.05 The Favorites – ORE NI MARC PHES OV MAKE

ORE – daily

ORE suffered heavy selling for the past 2 days. I would enter below 6.50 or near 6. This would send the RSI at oversold level or below 30s. However, do not enter until the selling momentum subsides. This is just a bounce play. Buy below 6.50 or lower as possible and sell it quickly near 7.

 

ORE weekly – MACD is heading for a bearish crossover

 

NI daily

same drill like ORE. Buy below or near 10 where RSI will enter the oversold zone. Sell near 11 at bounce.

 

NI weekly

 

MARC

Buy below or near 3. Pakiramdaman lang to. Wag muna pasok kung malakas ang selling.

 

PHES

 

OV– make or break

SMA20 = 20-day simple moving average

 

 

MAKE  – bullish

 

Company loyalty? Yes you may be loyal to the company, but is the company loyal to you?

You know that traders shouldn’t trade with their emotions, but most of them are already falling in love with jap stock and other high flyer stocks.

Know when to cut loss.. set your stops and cut loss quickly.

 

Caveat! Trade at your own risk!

 

PD: I don’t have any stocks mentioned above.

3.13.12 NI FDC MAB & Nickel Miners YTD perf

NI – Symmetrical Triangle (pennant)

Though others may argue that NI forms an ascending triangle, whether it is ascending or symmetrical, what is important is that NI has been forming higher lows since it retraced to 10 level. Another bullish sign is that MACD’s histogram also shows a higher low and RSI is bouncing at that level. Volume is also in consolidation which is a good recipe for another breakout. MACD will do a crossover once the price cross above 12 level.

FDC – speculation play

FDC said its board approved the P6.6 billion initial public offering (IPO)
of its flagship-banking subsidiary, East West Banking Corp.(EWB)
http://www.abs-cbnnews.com/business/03/08/12/filinvest-approves-p66b-ipo-eastwest

JGS made a good run prior to the listing of its subsidiary, CEB. Some
traders are speculating that FDC will somehow mimic the moves of JGS.

Technically, FDC’s MACD is about to make a crossover and if you notice,
volume now is picking up.


 

MAB – should break 0.085

 

 

The Nickel Miners – YTD performance

Congratulations to ORE holders 😉

2.13.12 AC MAB CEB PAL BHI MARC

Globe Telecom Inc. (GLO) , the nation’s second-biggest provider of mobile-phone services, increased 2.4 percent to 1,176 pesos, the sharpest gain since Jan. 19. The company said it will pay a dividend of 32.50 pesos per share, higher than last year’s payout. Ayala Corp. (AC) , Globe’s second-largest shareholder, rose 3.3 percent to 399 pesos, the highest close since December 2007. – Bloomberg

 

AC – Ayala Corporation

  • Flag pattern breakout with volume.
  • AC’s 10-day moving averages serves as a strong support, you can apply facelesstrader’s technique. Read this.

 

MAB – Manila Mining B

  • Breakout! Multi-year high

 

CEB – Cebu Pacific

 

PAL – Philippine Airlines

  • Confirmation of breakout tomorrow
  • PAL Holdings Inc. (PAL) , owner of Philippine Airlines Inc., advanced 3.3 percent to 7.95 pesos, the sharpest gain since Jan. 17. PAL Chairman Lucio Tan said there is a “negotiation” with San Miguel Corp. (SMC) President Ramon Ang for the sale of a stake in Philippine Airlines, the nation’s largest carrier.– Bloomberg

 

BHI 

 

MARC 

  • Wait for breakout

 

Caveat!