CPG rally potentially stalling

Century Properties Group, Inc.

The recent rally on CPG is potentially stalling with the following candlestick patterns:

Bearish Counter Attack pattern
- considered a toppish pattern

- potential sign of stalling rally

- requires confirmation

Bearish Meeting Line pattern

- considered a reversal pattern

*RSI at oversold territory

Trading plan

- Scale down position or take profit on reversal confirmation

MWIDE Chart Update (Bearish Confirmation)

Megawide Construction Corporation

The Bearish Doji Star pattern has been confirmed today and morph it into another bearish pattern, an Evening Doji Star pattern. Pullback or consolidation may potentially follow.

Previous MWIDE analysis:
http://psetrends.blogspot.ae/2016/07/mwide-potential-bearish-pattern.html

*Resistance zone at 9.6 ~ 10.1.
*Immediate support at 9.0 (around 23.6% retracement, considered a shallow pullback level).
*Potential retracement targets are indicated on the chart.

MWIDE: Potential Bearish Pattern

Megawide Construction Corporation

A Bearish Doji Star pattern is potentially forming on MWIDE as it hits the resistance zone. This is considered a bearish reversal pattern/signal but still requires confirmation. A confirmation of this pattern will likely lead to a pullback or consolidation. Potential retracement targets are indicated on the chart.

*Resistance zone at 9.6 ~ 10.1
*Immediate support at 9.0 (around 23.6% retracement, considered a shallow pullback level)

Trading Plan
- Scale down position
- Or take profit on bearish pattern confirmation

EW: Breakout Play

East West Banking Corporation

EW on a breakout galore:

• Breakout from its 4-year downtrend line at around 18.5. Projected target from this breakout is around 24~25. 
• Breakout from its major resistance at 18.5.
• Also a breakout from a Rounding Bottom pattern with potential target around 22~22.5.

These are considered significant breakouts due to confluence in breakout levels.

*Major support now at 18.5 (previous resistance prior to breakout now becomes a support).

Trading Plan
Choose a play with at least a 1:2 risk/reward ratio from your entry to potential targets mentioned above.