PHILIPPINE STOCKS: LIHC (LODESTAR INVESTMENT HOLDINGS CORPORATION) 12-8-2009

LIHC has broken out of a major resistance line. The upside looks bright!

PHILIPPINE STOCKS: BDO (BANCO DE ORO UNIBANK, INC.) 11-23-2009

BDO has achieved the target price of 41 pesos per share. Click to see previous post about BDO.

PHILIPPINE STOCKS: MUSX (MUSX CORPORATION) 11-15-2009

MUSX seemed to have broken out last Thursday morning but went back in its area pattern the next day as the US market dropped Thursday night (Manila time). Still, it can bounce back up anytime soon! Click image to enlarge!

PHILIPPINE STOCKS: BDO (BANCO DE ORO UNIBANK, INC.) 11-12-2009

BDO has broken out of it's ascending triangle formation as it gapped up during the opening of today's trading session. Click to see previous post about BDO.

PHILIPPINE STOCKS: BDO (BANCO DE ORO UNIBANK, INC.) 11-10-2009

The ascending triangle formation on the chart of BDO was still premature during my last post on it since it was just forming. Now, it looked like to have set up a better ascending triangle (indicated by the horizontal and diagonal line) and more likely to breakout soon. The price to break is at 36.5 and once it does with heavy volume, an easy 41 pesos per share will be achieved. Click image to enlarge!

PHILIPPINE STOCKS: MER (MANILA ELECTRIC COMPANY) 10-30-2009

As a request from a finance dude who happens to be the author of this blog cianoyinthephilippinestockmarket.blogspot.com/, I have posted my technical insights on the stock charts of 3 blue chips, particularly Meralco, PLDT and San Miguel Corporation. The one-year time frame of Meralco stock chart shows the uptrend is still intact (PLDT and San Miguel are on seperated posts, scroll down to view it) since the price hasn't gone below the support line (purple dotted diagonal line) however there seems to be a descend in price from the previous trading days (indicated by the green dotted diagonal line). A break in the support line is possible or a bounce back up. The stock price moving sideways should also be considered. Looking at the MACD on the other hand, there is a weakness shown as a crossover is made between the red and blue line (indicated by the red circle). Personally, I won't touch this stock as of the moment or if I do my cut loss will be set below the support line. Click image to enlarge!

PHILIPPINE STOCKS: TEL (PHILIPPINE LONG DISTANCE TELEPHONE COMPANY) 10-30-2009

I don't see anything much in PLDT stock chart aside from an uptrend (indicated by the purple dotted diagonal line) with the 1-year time frame. Upon buying this stock, I would set my cut loss once the price goes below the support line. Click image to enlarge!

PHILIPPINE STOCKS: SMC (SAN MIGUEL CORPORATION) 10-30-2009

An end in the uptrend of San Miguel Corporation stock chart occurred after the price went below the support line (purple dotted diagonal line) in the 1-year time frame last month. Prices didn't go down but chances are higher that it could. I don't see much activity with San Miguel stocks so I'll just wait for the price to consolidate and create another trend or pattern before buying. Click image to enlarge!

PHILIPPINE STOCKS: UBP (UNIONBANK OF THE PHILIPPINES) 10-27-2009

Nearly 5 months have passed since my last post about UBP, it was still prematurely forming the cup and handle formation (indicated by the red lines) in the stock chart. However, as we can see now, it broke out from a cup and handle formation last August and achieved its target price of 32 pesos per share 2 weeks ago. Click image to enlarge!

PHILIPPINE STOCKS: COL (CITISECONLINE.COM, INC. ) 10-18-2009

Citiseconline, one of the biggest online stock brokerage company in the Philippines, has its stock chart forming a bullish pattern. We can see a potential symmetrical triangle formation (indicated by the red diagonal lines) in the picture shown. Once the price closes above the resistance line (topmost red diagonal line) with heavy volume, 12.5 is easily achievable. Click image to enlarge!

PHILIPPINE STOCK EXCHANGE INDEX: PSEI 9-28-2009

A technical study of the PSEi chart: Is the Philippine Stock Exchange main index gonna continue heading up?! Can't really tell... All I can say is that there seems to be a small symmetrical triangle being formed (indicated by the red circle) and it can be bullish or bearish. Click image to enlarge!

PHILIPPINE STOCKS: MUSX (MUSX CORPORATION) 9-22-2009

Among many stocks that already have gone up after the market crash, there are still that haven't and one of them is MUSX. In the picture, the stock has been consolidation sideways for months and seems to be forming an ascending triangle formation (indicated by the red diagonal lines). Once the price breaks the resistance line (top red diagonal line) with heavy volume, a minimum of 0.17 pesos per share is achievable. Click image to enlarge!

PHILIPPINE STOCKS: FGEN (FIRST GEN CORPORATION) 9-13-2009

FGEN has achieved my minimum target price of 19 pesos per share!!! Click image to enlarge!

PHILIPPINE STOCKS: FGEN (FIRST GEN CORPORATION) 9-9-2009

Due to stock price adjustments because of stock dividends, I move my minimum target price for FGEN to 19 pesos per share. It's almost there!!! Click image to enlarge!

PHILIPPINE STOCKS: FGEN (FIRST GEN CORPORATION) 9-7-2009

First Gen corporation has broken out of its symmetrical triangle formation (indicated by the red diagonal lines). Click here to see the previous post. Click image to enlarge!

PHILIPPINE STOCKS: BDO (BANCO DE ORO UNIBANK, INC.) 8-29-2009

Banks all over the world were terribly affected by the current financial crisis. Many went bankrupt, some still going and most were struggling. Despite that, many of the Philippine banks were able to hold on and maintain a strong and stable company and one of them is Banco De Oro (BDO). Looking at its chart, more than a year of downfall had occurred to its stock value. This year of March however was the turning point making a big turnaround by bottoming at 20 pesos per share. It's currently above 30 pesos and still showing signs of rising as an ascending triangle (indicatd by the red horizontal and diagonal line) is being formed. Once a break above 36.5 pesos and a sudden surge in volume occur, it may easily reach 42 pesos. Click image to enlarge!

PHILIPPINE STOCKS: URC (UNVERSAL ROBINA CORPORATION) 8-20-2009

Universal Robina Corporation or URC, a publicly listed company in the Philippine Stock Exchange, has been performing well as its stock value increased. From my previous post I mentioned that it was creating an ascending triangle formation but not. As seen in the chart, URC is moving in a "range" bouncing off the support line (red diagonal line) couple of times . Despite the area pattern confusion from the previous post of this topic, it still achieved its minimum target price of 9.5. Click image to enlarge!

PHILIPPINE STOCKS: APC (APC GROUP, INC.) 8-14-2009

A head and shoulders formation (3 arcs: The head is the biggest red arc and the shoulders are the arcs beside it), being formed by APC, is soon to breakout. In fact, it tried to breakout today (indicated by the blue circle) with heavy volume but failed since the price didn't end up above the resistance line (red horizontal line) of the said formation. But once it does, my minimum target price is set at 0.63. Click image to enlarge!

PHILIPPINE STOCKS: GEO (GEOGRACE RESOURCES PHILIPPINES, INC.) 8-8-2009

Among the many companies publicly listed in the Philippine Stock Exchange, GEO, has been forming a cup and handle formation (indicated by the bigger red arc is the cup and and the smaller red arc indicates the handle) as seen in the picture. This is a bullish pattern and the price potential is on the upside. My breakout point would be the price going above the neckline (red horizontal line) or above 0.81. Once it does, a good buy there is. 1 peso is easily achievable. Click image to enlarge!

PHILIPPINE STOCKS: FGEN (FIRST GEN CORPORATION) 8-2-2009

Two bullish area patterns are seen in First Gen Corporation, a cup and handle formation (indicated by the bigger red arc is the cup and and the smaller red arc indicates the handle) and a symmetrical triangle formation (indicated by the two vertical lines in the 2nd picture). If good news back up the global markets, prices can climb anytime. Click image to enlarge!

PHILIPPINE STOCKS: FLI (FILINVEST LAND, INC.) 7-16-2009

Filinvest Land Incorporated (FLI), listed in the Philippine Stock Exchange, is showing signs of a good buy as it tries to mold a reverse head and shoulders formation (3 arcs: The head is the biggest red arc and the shoulders are the arcs beside it) and eventually breakout. Once the price surges above the neckline (red horizontal line), a minimum target price of 1.26 would easily be achieved. Click image to enlarge!

PHILIPPINE STOCKS: SMCB (SAN MIGUEL CORPORATION "B") 7-5-2009

SMCB has broken out 2 weeks ago but due to poor market conditions it started declining, shying away from rising and going back inside its breakout point. Click image to enlarge!

PHILIPPINE STOCKS: SMCB (SAN MIGUEL CORPORATION "B") 6-27-2009

It has been a good run for San Miguel Corporation "B", publicly listed in the Philippine Stock Exchange, since March of 2009 but this week looked even better. Shown in the image, the stock chart of San Miguel, broke out from a double bottom formation (indicated by the 2 red arcs) a few days ago. I set my minium target price at 70-80 pesos per share. Click image to enlarge!

PHILIPPINE STOCK EXCHANGE INDEX: PSEI 6-22-2009

The main index of the Philippine Stock Exchange has broken its immediate uptrend support (violet dotted line). As a result, chances on the downside are higher unless good things happen to the global markets. Click image to enlarge!

PHILIPPINE STOCK EXCHANGE INDEX: PSEI 6-16-2009

The immediate resistance of the Philippine Stock Exchange Index at 2620 was nicely hit as from my previous post. Will this now go up or continue going down? That I don't know... Click image to enlarge!

PHILIPPINE STOCKS: GLO (GLOBE TELECOM, INC.) 6-15-2009

Globe Telecom listed in the Philippine Stock Exchange has reached my minimum target price of 980 (Previous posts 1 2) closing at 995 per share and looks like to go up more! Click image to enlarge!

PHILIPPINE STOCK EXCHANGE INDEX: PSEI 6-14-2009

Which among the resistances will manage to hold the main index of the Philippine Stock Exchange/PSEi from rapidly increasing its value. Is it the resistance at the 2620 level (lower green dotted horizontal line)? Is it the 2750-2800 resistance (upper green dotted horizontal line)? Or none of them?! Woah, really hard to tell! Click image to enlarge!

PHILIPPINE STOCKS: URC (UNVERSAL ROBINA CORPORATION) 6-10-2009

The stock value of Universal Robina Corporation or URC or even better known as the company who makes C2 green tea, jack and jill chippy, nips, magic flakes and many more is steadily rising after years of downfall. This company listed in the Philippines stock exchange has broken out from the ascending triangle formation (indicated by the red horizontal and diagonal lines) last May 8 as seen in the charts. After it broke out, it made a return move and bounced from its new support (red horizontal line) yesterday. Strategically trading the stock, I would enter it at its current price placing a stop-loss below 7.6 or once it goes below the support line (red horizontal line) with a target price of 9.5-9.8. Click image to enlarge!

PHILIPPINE STOCKS: GLO (GLOBE TELECOM, INC.) 6-8-2009

From my previous post about Globe Telecom of the Philippine Stock Exchange last month, it has just broken out of the ascending triangle formation. Now, it's about to hit my target price of 980. If the stocks of Globe were bought at 900 pesos per share back in May 15, around 7% profit is made as it closes today at 960. 7% in less than a month isn't bad at all. Click image to enlarge!

PHILIPPINE STOCKS: UBP (UNIONBANK OF THE PHILIPPINES) 6-5-2009

In the 1st picture, a chart of UBP dating back from 1996, the stock price has bounced of its 10yr support (violet dotted line). The 2nd picture at a closer view, UBP has broken out of a resistance (green dotted line since January of 2008). 26.5 per share looks like a good buy for UBP but a better bet is when the price breaks out of the cup and handle formation's (indicated by the bigger red arc is the cup and and the smaller red arc indicates the handle) resistance line (red horizontal line). Closing above 27 is my best bet! Click image to enlarge!

PHILIPPINE STOCKS: MEG (MEGAWORLD CORPORATION) 6-2-2009

The stock value of Megaworld Corporation was successful with my minimum target price of 1.16! 

PHILIPPINE STOCKS: MEG (MEGAWORLD CORPORATION) 6-1-2009

MEG has broken out! Target price on its way!

PHILIPPINE STOCKS: MEG (MEGAWORLD CORPORATION) 5-30-2009

It's been quite a good run for MEG since March. If you bought the stock back then in the 40+ centavo area, its value is more than doubled now. The stock still has a big room for appreciation. A mini-triangle or the so-called flag (indicated by the red diagonal lines) is currently forming and bound to breakout anytime if the price surges above the resistance line (topmost red diagonal line). If everything goes well, I set my target price at 1.16.  Click image to enlarge hommies!

PHILIPPINE STOCK EXCHANGE INDEX: PSEI 5-22-2009

The Philippine stock market has been going up for 2 months now as reflected by PSEi, the main index. PSEi looks quite intact in its uptrend as long as its value is maintained above the immediate support line (violet dotted line). Click image to enlarge!

PHILIPPINE STOCKS: UBP (UNION BANK OF THE PHILIPPINES) 5-20-2009

A bank pick of mine would be UBP. This isn't because I love the bank but its stock price is showing signs of bullishnes. In the chart we have here, we can see that UBP had come out of its downward resistance (green dotted line) last February and now it's consolidating sideways. As far as I can see, a possible cup and handle formation (biggest red arc idicates the cup and the small red arc indicates the handle) is being formed in the chart. This will only be confirmed once the price passes thru the resistance line (red horizontal line) or breaks out of the cup and handle with my minimum target price set at 33. Click image to enlarge!

PHILIPPINE STOCKS: GLO (GLOBE TELECOM, INC.) 5-15-2009

Globe Telecom moved out of its 1-year downward resistance (green dotted line) early March of 2009 and went sideways. While consolidating sideways, it made an ascending triangle (as indicated by the 2 red horizontal lines) formation. Globe currently broke out from the ascending triangle in the latest market session by closing at 900 pesos per share passing thru the 875 resistance line (topmost red horizontal line) of the said area pattern. Well, I'm no fundamentalist here but I can back it up by fundamentals haha. You guys know the "Globe Duo"? Globe Duo's sales are probably high and has lured and still luring many people to avail it. This may be a cause for the increase of Globe Telecom's stock value. I'll set my target price for this at 980. It's uncertain to say that it will definitely reach my target price because there are chances it won't but if you ask me, I'll bet on the upside. Click image to enlarge! 

PHILIPPINE STOCK EXCHANGE INDEX: PSEI 5-14-2009

As we can see, the PSEi has achieved it's target price after breaking out from a symmetrical triangle (encircled with yellow) and its downward resistance (green dotted line) late March. Is it now time for the PSEi to go back dropping again after weeks of good runs?! I hope not. Personally, I'm really bullish with the Philippine market as well as the US market but it just needs to correct. Click image to enlarge!

PHILIPPINE STOCKS: EEI (EEI CORPORATION) 5-12-2009

Yo EEI! 1.7 target price achieved!

PHILIPPINE STOCKS: LC (LEPANTO CONSOLIDATED MINING COMPANY "A") 5-11-2009

The stock was able to achieve its minimum target price of 0.13. Congratulations to those who had it ;)

PHILIPPINE STOCKS: LC (LEPANTO CONSOLIDATED MINING COMPANY "A") 5-8-2009

Three current images of LC charts are shown. First chart dates back from the 1980's, the next is its 4 year chart and the last is a view of a 1 year timeframe. Looking at the bigger picture as seen in the first image, the current price level of LC is almost the same as the 1980's. It has gone way up and back to where it all started passing thru numerous ups and downs. This was made possible by the terrible financial market conditions. In the second image, the resistance line (green dotted diagonal line) of the downtrend has been broken (price passing through the resistance line) as the price of the stock goes sideways. The last image shows clearly that LC had hopefully reached the bottom from its year of decline as it breaks out from a reversal pattern, the reverse head and shoulders (3 arcs: The head is the biggest red arc and the shoulders are the arcs beside it ). The breakout occured during the Friday session when the price passed through the necline (red horizontal line) despite the US market's decline the night before. I place my minimum target price at 0.13. Click image to enlarge! 

PHILIPPINE STOCKS: EEI (EEI CORPORATION) 5-5-2009

More than two weeks have passed since my last post on EEI and now I'm going to get back to it. EEI has successfully broken out from its reverse head and shoulders formation (3 arcs: The head is the biggest red arc and the shoulders are the arcs beside it) as the stock price passed above its neckline (red horizontal line) last April 20. Are the people who were able to ride its rise profit-take as early as now or will they wait until this stock reaches my minimum target price of 1.7. Click image to enlarge!

PHILIPPINE STOCKS: EEI (EEI CORPORATION) 4-19-2009

EEI seems to have been forming a reverse head and shoulders formation (3 arcs: The head is the biggest red arc and the shoulders are the arcs beside it) since October of last year and broke out from its downtrend last month as the price passed above the trend's resistance line (green dotted line). Are we really seeing a reverse and shoulders formation at present? Will this stock soon ripen and bound for break out? The success of the reverse head and shoulders formation in the charts of EEI will only be confirmed  once the price passes above its neckline (red horizontal line) and reaches its immediate target price of 1.7. Click image to enlarge!

PHILIPPINE STOCK EXCHANGE INDEX: PSEI 4-12-2009

PSEi, the Philippine Stock Exchange's main index, has dramatically been falling down for more than a year now along with the global markets. However, we can see from the charts that the year long decline of the PSEi has been reversed last week as the prices emerged above the downrend's resistance line (green dotted line). Is this already a reversal or just a rally?! Click image to enlarge!

PHILIPPINE STOCKS: TEL (PHILIPPINE LONG DISTANCE TELEPHONE COMPANY) 10-18-2008

Is it a head and shoulders formation (3 arcs: The head is the biggest red arc and the shoulders are the arcs beside it) that we are seeing in TEL at present? This we don't know until it breaks down from the neckling (red horizontal line). Click image to enlarge!

US STOCK EXCHANGE INDEX: DJI (DOW JONES INDUSTRIAL) 10-11-08

The Philippine market has been in a slump as a reaction to the US financial crisis. DJI, the U.S. market's major stock index, had been tremendously declining for quite some time now. As we can see in the chart, DJI broke down from a head and shoulders formation (3 arcs: The head is the biggest red arc and the shoulders are the arcs beside it). It made a rising wedge (emphasized by the 2 short diagonal lines) which bounced from the neckline (longest red line) and easily achievied the minimum target (red dotted vertical line) of 9,500. After a while, it just duck dove all the way to the 8,000 area as a result of continuing bad news on  different companies. At present, DJI is around its major support (violet line). If backed up by good news, we might be seeing a rally in the next few days because of the doji-looking 1 day reversal with its latest candlestick (red circle on the 3rd picture). Click image to enlarge! 

PHILIPPINE STOCKS: MWC (MANILA WATER COMPANY, INC.) 10-9-2008

A breakout from a symmetrical triangle pattern is more likely to happen if the said pattern is coming from an uptrend and if it is coming from a downtrend it is more likely to go down as explained by technical analysis. From my last post about MWC, it had been true that it was forming a symmetrical triangle (pointed out by the red diagonal lines in the picture) and I was bullish because it came from an uptrend (from 2006-2008) however it went down. This situation doesn't happen often but in the case of MWC it did as a result of the terrible condition of the global markets. Click image to enlarge!

PHILIPPINE STOCKS: GLO (GLOBE TELECOM, INC.) 10-7-2008

The price of GLO is currently standing on its 6 year support (violet line). Is the price going to break the support and go down or is it going to bounce from the support and eventually go up? That we don't know, it really depends on how the foreign markets and the US economy will fare since the Philippine market just reacts to it. Click image to enlarge! 

PHILIPPINE STOCKS: DMC (DMCI HOLDINGS, INC.) 10-3-2008

From the last post about DMC, it had failed to bounce back from its previous support (violet diagonal line). Until when is its price going to stop falling? That we don't know. As we can see, it's possible that it can touch any of the incoming support lines (three violet horizontal lines) before it bounces and head up again. We also need to take into account that it can even go way pass the supports (three violet horizontal lines) and drop furthermore. Click image to enlarge!

PHILIPPINE STOCKS: SMCB (SAN MIGUEL CORPORATION "B") 9-25-2008

The initial target for SMCB based on my technical analysis has been achieved but it never means that its price is not going up anymore in the short term. Click image to enlarge!

PHILIPPINE STOCKS: SMCB (SAN MIGUEL CORPORATION "B") 9-9-2008

SMCB has broken out of its resistance. Click image to enlarge!

PHILIPPINE STOCKS: CYBR (CYBER BAY CORPORATION) 9-9-2008

After 8 months of consolidating sideways, CYBR convincingly signaled a break of its immediate resistance (topmost red horizontal line) with a long white candle and the huge amount of volume traded today as seen in the chart. The next resistance (horizontal green line) that it should try to respect is at 0.44. Click image to enlarge!

PHILIPPINE STOCKS: SMCB (SAN MIGUEL CORPORATION "B") 9-5-2008

Despite the huge 344 point (2.99%) drop in the US market last night, there are still a chosen few that went up today and that's SMCB. Looking at SMCB's 20 year chart in the first picture, it can be seen that it's consolidating around it's major support at present. However, can it be said that it's already bottoming and about to bounce up or is it still going down? That we don't know but if we look at the shorter timeframe of SMCB's chart below the first one, a rectangle can be spotted right away as indicated by the 2 red horizontal lines. The price is consolidating around the resistance (topmost red horizontal line) of the rectangle as of the moment and is possibly trying to breakout from its area pattern (rectangle). An ideal entry for this is when the price pierces thru its resistance line. And if it does, the immediate target price would be 57.5 if everything goes well. Click image to enlarge! 

PHILIPPINE STOCKS: APC (APC GROUP, INC.) 9-4-2008

APC has broken out of the neckline (red line) of its reverse head and shoulders formation with heavy volume. Based on technical analysis the immediate target for this stock is 0.61 and a good cut loss point is when it goes back inside/below the neckline. Click image to enlarge!

PHILIPPINE STOCKS: DMC (DMCI HOLDINGS, INC.) 9-4-2008

The downtrend of DMC for the past months has possibly come to an end since it's now starting to move sideways out of the resistance line (green line) in the picture. On the other hand, buying DMC at its current price is also a good strategy because the 4 year support as indicated by the violet line has so far been respected. Once you get into this stock, it's either you hold until it bounces up or cut when it goes below the support (violet line).

PHILIPPINE STOCKS: AC (AYALA CORPORATION) 9-2-2008

Like ALI, AC is also possibly reversing from a downtrend to an uptrend by forming a reverse head and shoulders formation. A good entry for this is when the stock price breaks out of the neckline. 380 can possibly be reached in short time. Click image to enlarge!

PHILIPPINE STOCKS: ALI (AYALA LAND, INC.) 9-2-2008

ALI is showing signs of a possible reversal from a downtrend to an uptrend by forming a reverse head and shoulders formation as what is seen in the chart. In case it breaks out from the area pattern, a good entry price for this is 11.5 with a minimum target of 13.5 based on technical analysis. Click image to enlarge!

PHILIPPINE STOCKS: MWC (MANILA WATER COMPANY, INC.) 9-2-2008

A nice looking symmetrical triangle for MWC. This will be confirmed once it breaks out of the resistance (topmost red horizontal line) at 18.25 with an initial target of 21. Click image to enlarge!

PHILIPPINE STOCKS: APC (APC GROUP, INC.) 9-2-2008

After APC has been going down for months now, it decided to move sideways. What is possibly seen in the chart is a reverse head and shoulders formation if this could be confirmed by the breakout from the neckline at 0.43 along with a huge increase in volume. Basing it on technical analysis, when this breaks out, the the minimum target price for this stock is 0.61. Click image to enlarge!

PHILIPPINE STOCKS: AJO (AJO.NET HOLDINGS, INC.) 9-1-2008

What is seen in the charts of AJO is a breakout from a reverse head and shoulders formation at 0.0675. This is signaled by the break of the neckline of the area pattern and the sudden surge in volume. Basing it on technical analysis, the minimum target price for this Philippine stock is around 0.095. Click image to enlarge!