DNL: Breakout from Ascending Triangle consolidation

D&L Industries, Inc.

Breakout from Ascending Triangle pattern with measured target around 24 (24.2~24.5).

*Immediate support near the previous breakout resistance around 21 (21.25).

Previous post on DNL (July 16, 2015):
http://psetrends.blogspot.com/2015/07/dnl-consolidation-mode.html

Trading Plan
- If trading the breakout base on previous DNL post, hold position for potential target near 24.
- Buy the breakout for potential target around 24 (24.2~24.5).
- Stop-loss just below 20. Not a very good risk/reward ratio if entry is already at 22~ (1:1).

MAXS: Potential range trade opportunity

Max's Group, Inc.

Potential range trading opportunity at 24.2~25.75 range.

*Immediate support at 24.
*Immediate resistance at 25.9 (next resistance area around 27.5~29).

Trading Plan
- Buy near support.
- TP at 25.75 (limited upside/tight range)
- Stop-loss at 23.5 for a risk/reward ratio of around 1:2.

DD: Breakout from Rounding Bottom pattern (update)

Double Dragon Properties Corporation

The 4-month Ascending Price Channel breakout target has been hit already at 12.6 (12.6~13.2 range). The breakout from Double Bottom reversal pattern remains in play with potential target around 14~15.

*Immediate support at 10.96/11 (previous resistance prior to breakout that now act as support).
*DD is now overbought.

Previous post on DD (July 21, 2015):
http://psetrends.blogspot.com/2015/07/dd-breakout-from-rounding-bottom-pattern_21.html

Trading plan
- Take profit or scale down position if trading the price channel breakout.
- Hold for mid to long term position.
- Remains a buy on pullback near support.

RFM: Double Bottom Reversal

A breakout from Double Bottom pattern targets around 5.2 (the previous support prior to Double Top breakdown).

Immediate resistance at 4.6 (another resistance area is at 4.73~4.8).
Immediate support at 4.

A price of 20x P/E is around 5 (see previous post for reference).
http://psetrends.blogspot.com/2015/07/rfm-potential-low-risk-entry.html

Trading Plan
- Follow the trading plan of previous RFM post if using that method for short term position.
- If trading the breakout from Double Bottom pattern, potential TP = 5.2.

*Stop-loss and at least 1:2 risk/reward ratio should be in place to manage downside risk. Scale down at resistance area whenever possible and adjust stop-loss (if possible, use trail-stop method to let the profit run on remaining position).

RRHI: Double Bottom Reversal

Robinsons Retail Holdings, Inc.

RRHI is currently on a breakout after it formed a Double Bottom pattern at the key support level (70). The Double Bottom reversal pattern was also confirmed by a Bullish Divergence pattern on MACD, RSI and a few other indicators. Breakout's measured target is around 86.

*Immediate resistance area at 80~82.
*Immediate support is now at 78 (previous resistance prior to breakout that now becomes the support).
*Major support at 70.

Trading Plan
- Hold for existing short term position for potential to reach 85/86.
- Potential buy on breakout (avoid if it fails to break 80~82 resistance area).
- Remains a buy on dips for mid to long term trades near 70.

DD: Breakout from Rounding Bottom pattern

Double Dragon Properties Corporation

DD is on a breakout from Rounding Bottom pattern with measured target towards 14~15 range. Also a breakout from its 4-month ascending price channel with a potential breakout target around 12.6.

Immediate support at 10.96/11 (previous resistance prior to breakout that now act as support).

Immediate resistance around 12 (base on Fibonacci extension at 161.8%)

Trading Plan
- Hold for mid to long term position.
- Short term target base on price channel breakout = 12.6.
- Buy on pullback near support.

RFM: Potential low risk entry

RFM Corporation

Retested the support line of the 3-year P/E range channel while the trailing EPS remains flat. A resumption of earnings growth will make the PE multiple cheap. Their 2015 first half earnings shows promising result so far.
#RFM: First Six Month Income Up 11% to P472 Million

The price is now near the support at 4, a potential low risk entry level.

Trading Plan
- Test buy near support (around 4).
- Immediate resistance and potential short term target around 4.73~4.8.
- Immediate support area around 3.89~4.02.

DNL: Consolidation Mode

D&L Industries, Inc.

DNL continue to consolidate in a Symmetrical Triangle pattern, a neutral pattern.
A breakout from this pattern around the 2/3 area of the triangle will have a measured target of over 24.

Immediate resistance area at 21~21.6.
Immediate support around 20.
Major support remains at 18.

*RSI at overbought

Trading Plan
- Hold current position for potential breakout scenario.
- Buy on breakout with strong volume.
- Avoid on pattern breakdown.

CNPF: Support around 18 remains strong

Century Pacific Food, Inc.

Retested and bounced off from the support at 18. The trend remains downward bias but as long as the support at 18 holds up, it will likely just consolidate around this level and a possible rebound may follow.

*Bullish Divergence on RSI.

Trading Plan
- Potential Buy near support.
- Watch the immediate resistance around 18.9/19. A breakout calls for a hold otherwise, sell.
- Tight stop (stop-loss) near 200MA or just below 17.7. Risk reward ratio could only be around 1:2 / 1:3 in the short term.
- Next support at 17.

AC: Potential trading buy near support

Ayala Corporation

Support area near 200MA (740~747) holds up despite the recent market wide selloff. This support area is also significant as previous resistance prior to breakout that now being tested again and act as major support. Now that positive sentiment seems back on the market, AC may likely start consolidating just above this support or rebound from there.

*Bullish pattern developing on MACD
*Oversold
*Immediate resistance around 800

Trading Plan
- Buy near support.
- Short term TP near resistance around 800.
- Stop-loss just below 740 (735 below) - around 1:4 risk/reward ratio.