Stocks with BUY rating at COL Financial

*For more details,visit: https://www.colfinancial.com/

As of April 27, 2017

Previous Update:

https://psetrends.blogspot.com/2017/04/stocks-with-buy-rating-at-col-financial.html

BLOOM price action analysis

Bloomberry Resorts Corporation

BLOOM is trading in an Upward Price Channel and currently on the third retest of the uptrend resistance line.

It's also potentially forming a Bearish AB=CD harmonic pattern with PRZ or Potential Reversal Zone at 9.71 (9.58~9.71).

See previous BLOOM analysis for reference:
https://psetrends.blogspot.com/search/label/BLOOM

Trading Plan
- Take some profit or scale down position and profit run the rest with trailing-stop.
- Or wait for a reversal pattern and confirmation before taking action.

AGI breakout update 3

Alliance Global Group, Inc.

AGI is testing the immediate resistance area now at 14.80~15.00. The prior Double Bottom breakout price target remains at 15.30~15.60 range.

See previous series of AGI analysis for more details on this Double Bottom pattern and appropriate trading plan:
https://psetrends.blogspot.com/search/label/AGI

MPI on another breakout attempt

Metro Pacific Investments Corporation

MPI is on another breakout attempt from a Bull Flag pattern after it failed to break the immediate resistance yesterday. Projected target price of this breakout is around 7.00~7.15 area.

See previous analysis if trading the prior Bullish Bat harmonic pattern and trading plan for this potential Bull Flag pattern breakout:
https://psetrends.blogspot.com/2017/04/mpi-hit-another-retracement-target-and.html

CEB price action update

Cebu Air, Inc.

After the recent breakout from a Double Bottom pattern, it's now near its breakout projected target price around 110.

See previous analysis:
https://psetrends.blogspot.com/2017/04/ceb-price-action-analysis.html

Trading Plan
- Scale down position or take some profit as it hits the target (technically hit already).
- Profit run the rest of the position with trailing stop.

PSEi Chart Update and Technical Analysis

Philippines Stock Exchange PSEi Index

PSEi kissed today the based of the resistance zone around 7720~7780 and hit the projected target price of the recent Rectangle Consolidation pattern breakout at 7680.

Another breakout from a Bull Flag pattern continues to unfold with a projected target price around 8300.

*Gap between 7456~7476 is a potential area to be filled in the future which may also act as immediate support.
*Major support around 7400 (7100~7400 zone).

MPI hit another retracement target and another potenial breakout pattern

Metro Pacific Investments Corporation

After the recent reversal from a Bullish Bat harmonic pattern, MPI hit the second key retracement target around 6.62 (61.8%). This is a potential profit taking area for those trading the harmonic pattern.

On the other hand, MPI is also on a potential breakout from a Bull Flag pattern with a projected target price around 7.00~7.15 area.

See previous analysis of the Bullish Bat harmonic pattern here:

https://psetrends.blogspot.com/2017/03/mpi-bullish-harmonic-pattern-update.html

Trading Plan

- If previously trading the Bullish Bat harmonic pattern reversal, take some profit or scale down position. Profit run the rest of the position with a trailing-stop.

- Buy the Flag pattern breakout with appropriate stop-loss in case it doesn't pan out as expected.

MEG breakout update

Megaworld Corporation

MEG is on a breakout continuation today from a Pennant pattern after it broke the immediate resistance at 4.11. The projected target price of this breakout is around 4.75.

*Kissed today the next resistance at 4.19.
*Potential major resistance zone around 4.40~4.50.

See previous analysis of this Pennant pattern breakout including recommended trading plan:
https://psetrends.blogspot.com/2017/04/meg-on-another-potential-breakout.html

VLL price action analysis

Vista Land & Lifescapes, Inc.

VLL recently broke out from a Downward Price Channel consolidation, considered a bullish pattern on breakout. The projected target price of this breakout is around 5.40~5.50.

*Immediate resistance around 5.34.

CEB price action analysis

Cebu Air, Inc.

CEB bottomed out last March and formed up a Double Bottom pattern as it hits the major support area around 90.

Recently, it broke out from the Double Bottom pattern with a rally that goes through its 100 resistance level. The projected target price of this breakout is near 110.

Stocks with BUY Consensus Forecast

*For stocks listed in the Philippine Stock Exchange
*Updated: April 21, 2017

Source: MarketWatch/WSJ

Previous update:
https://psetrends.blogspot.com/2017/04/stocks-with-buy-consensus-forecast.html

MEG on another potential breakout

Megaworld Corporation

MEG is on a potential breakout again after a full retracement from Bullish Gartley harmonic pattern reversal. This time, its a potential breakout from a Pennant pattern, considered a trend continuation pattern with projected target price around 4.75.

*An immediate breakout from the resistance at 4.11 should provide the confirmation.

Trading Plan
- Buy the breakout with a tight stop-loss in case the setup doesn't pan out as expected.

AGI breakout update 2

Alliance Global Group, Inc.

AGI hit the base of the immediate resistance area at 14.80~15.00.

Prior breakout from major resistance still have a measured price target at 15.30~15.60 range. See previous analysis for more details:
https://psetrends.blogspot.com/search/label/AGI

TEL potential breakdown

PLDT Inc.

TEL is on a potential breakdown from its short term trendline with a gap after a failure to break the resistance around 1770.

*Potential catalyst of the breakdown was the issue of labor standard violation and foreign ownership.

Trading Plan
- Execute trailing-stop if hit.
- Scale down or sell.

LMG potential breakout

LMG Chemicals Corporation

LMG on a potential breakout from sideways consolidation (measured breakout TP=6.35).

SHLPH support breakdown

Pilipinas Shell Petroleum Corporation

SHLPH is on a breakdown from major support. It's also on a breakdown from a Descending Triangle consolidation, a potential trend continuation pattern with a measured price target around 68.

*Immediate support area around 69~70.

See previous analysis for prior information on this major support and chart pattern including possible trading plan:
https://psetrends.blogspot.com/2017/04/shlph-at-major-support.html

GTCAP failure to break the downtrend line

GT Capital Holdings, Inc.

This is just an update on the previous GTCAP price action analysis.

GTCAP fails to break the 8-month downtrend line and correction followed after a bearish Hanging Man candlestick pattern confirmation

See previous analysis:
https://psetrends.blogspot.com/2017/04/gtcap-price-action-analysis.html

AGI breakout update

Alliance Global Group, Inc.

AGI is on a breakout continuation after filling the gap at 13.90~13.96 which also serves as its major resistance area. The measured price target of this breakout is at 15.30~15.60 range.

*Immediate resistance area is around 14.80~15.00.

It's already up +17% on position play (see link below for more details on this trade recommendation):
https://psetrends.blogspot.com/2017/03/agi-on-range-bound-price-action.html

See previous analysis:
https://psetrends.blogspot.com/2017/04/agi-on-breakout.html

Summary of technical analysis articles for the week:

GTCAP price action analysis
https://psetrends.blogspot.com/2017/04/gtcap-price-action-analysis.html

SHLPH at major support
https://psetrends.blogspot.com/2017/04/shlph-at-major-support.html

AGI on a breakout
https://psetrends.blogspot.com/2017/04/agi-on-breakout.html

FGEN on Range-Bound price action
https://psetrends.blogspot.com/2017/04/fgen-on-range-bound-price-action.html

TUGS on a Range-Bound price action
https://psetrends.blogspot.com/2017/04/tugs-on-range-bound-price-action.html

PGOLD on potential breakdown
https://psetrends.blogspot.com/2017/04/pgold-on-potential-breakdown.html

GTCAP price action analysis

GT Capital Holdings, Inc.

GTCAP's recent sharp rebound from major support at 1120 after forming a Double Bottom pattern brought it back to its 8-Month Downtrend Line, its immediate resistance area (1275 is also another resistance level).

Trading Plan
- Scale down or take some profit if trading short term, and profit run the rest of the position with trailing-stop (or wait for confirmation if it fails to break the downtrend line before taking any profit taking action).
- Also a potential buy on breakout from its 8-month downtrend line (an immediate breakout will have a measured target near 1400)

SHLPH at major support

Pilipinas Shell Petroleum Corporation

SHLPH is back at major support area after failure to break the 2-month old downtrend resistance line. It's also potentially forming a Descending Triangle pattern, a bearish bias pattern that will likely become a trend continuation pattern on breakdown.

However, a Bullish Divergence pattern shaping up on some indicators can be a potential sign of an impending trend reversal or consolidation to unfold.

Trading Plan
- Avoid for now. Monitor if major support holds up and how the Descending Triangle pattern unfolds.
- Trade if there's a breakout from its downtrend resistance line.
- If taking a higher risk trade, buy the support and set appropriate stop.

AGI on a breakout

Alliance Global Group, Inc.

AGI finally filled the gap at 13.90~13.96 after the recent breakout from its major resistance area around 13.90~14.00. The measured price target of this breakout is at 15.30~15.60 range.

*Immediate resistance area is around 14.80~15.00.

Please see previous AGI analysis if you entered a position trade when it was consolidating in a Range-Bound price action. That position should be up around 11% ~ 14% by now:
https://psetrends.blogspot.com/2017/03/agi-on-range-bound-price-action.html

FGEN on Range-Bound price action

First Gen Corporation

FGEN is on a Range-Bound price action with immediate resistance around 23 and immediate support around 20.90.

Trading Plan
- Trade the range:

• Buy near or around support.
• Set stop-loss a few points from support breakdown and ideally, maintain at least 1:2 risk/reward ratio (around 19.85~20 zone).
• Initial TP = 23

TUGS on a Range-Bound price action

Harbor Star Shipping Services, Inc.

TUGS is on a Range-Bound price action after the recent breakdown from its Upward Price Channel and a breakdown from a Head-and-Shoulder Top pattern.

*Immediate resistance is around 3.60.
*Immediate support area is around 3.15~3.24.

The measured breakdown target near 3.0 from a Head-and-Shoulder Top pattern was also hit after the recent dip to 3.01. See previous analysis on Head-and-Shoulder Top pattern breakdown for more details:
https://psetrends.blogspot.com/2017/03/tugs-on-immediate-trend-breakdown.html

Trading Plan
- Range trade the price action with appropriate target and stop-loss.

Forex: USD/JPY potential harmonic pattern

USD/JPY pair is potentially forming a Bullish Bat harmonic pattern on the daily chart. After 3 weeks of monitoring, it finally broke the key support (B leg) that gives it higher probability of completing the pattern.

PGOLD on potential breakdown

Puregold Price Club, Inc.

PGOLD is on a potential breakdown from a Descending Triangle pattern consolidation with a measured price target around 39.

*Immediate support area around 41.55.

As previously noted, a Descending Triangle is a bearish bias chart pattern. See previous analysis for more details:

https://psetrends.blogspot.com/2017/04/pgold-descending-triangle-consolidation.html

Trading Plan

- Avoid for now

COLing_the_Shots fund tracker update

"COLing the Shots" is a monthly publication by COL which provides insights on investments opportunities based on global and local developments that could affect the market. See https://www.colfinancial.com for the detailed report.

Fund Tracker Update - 2nd Month
(Date Started - Feb 5, 2017)

There are 4 stocks below BBP: 
- $FGEN < 28.00
- $MEG < 4.10
- $MER < 290.40

Top Gainer/Loser:
*Top gainer - $SCC (+13.36%)
*Top loser - $FGEN (-5.49%) - remains the top loser for two months

Net portfolio Gain/Loss: 
*Up by +3.2255% 

Total portfolio Gain/Loss (including cash): 
*Up +1.78% 

See details here:
https://psetrends.blogspot.com/p/portfolio-tracker.html

PGOLD Descending Triangle consolidation

Puregold Price Club, Inc.

PGOLD is consolidating into a Descending Triangle pattern (bearish bias) after completing a Bearish 1.27AB=CD harmonic pattern.

*Immediate support area is around 42.90~43.35.

See previous analysis on the Bearish 1.27AB=CD harmonic pattern:

https://psetrends.blogspot.com/2017/02/pgold-looking-toppish.html

Trading Plan

- Avoid for now until the bearish bias pattern has been invalidated.

Stocks with BUY rating at COL Financial

*For more details,visit: https://www.colfinancial.com/

April 10, 2017

BLOOM at potential profit taking area

Bloomberry Resorts Corporation

BLOOM has completed the Bearish AB=CD harmonic pattern after fully testing the PRZ (Potential Reversal Zone) around 8.30 (took a while via upward price channel consolidation). This is also a potential profit taking area for a short term position when trading the harmonic pattern.

See previous BLOOM analysis:
https://psetrends.blogspot.com/2016/09/bloom-forming-potential-bullish.html

Trading Plan
- Sell or take profit around the PRZ.

MEG at significant retracement target

Megaworld Corporation

MEG has hit the significant 61.8% retracement target (C-D leg) at 3.71. This is a potential profit taking area for a short term position if trading the Bullish Gartley harmonic pattern.

*Immediate resistance around 3.76

See previous analysis on this Bullish Gartley harmonic pattern:
https://psetrends.blogspot.com/2017/04/meg-update-on-harmonic-pattern-and.html

Trading Plan
- Take profit or scale down position at 61.8% retracement (around 3.71).
- Profit run the rest of the position using trailing-stop.

TEL breakout update

PLDT Inc.

TEL bumps the first resistance area at 1680~1700 after the recent breakout from a Head-and-Shoulder Bottom pattern (breakout target is around 1930).

*Next resistance area is around 1770.

See previous analysis for details on the breakout and trading plan:
https://psetrends.blogspot.com/2017/03/tel-on-breakout.html

PLC at potential profit taking area

Premium Leisure Corp.

PLC has recently hit the major resistance at 1.60 after a +25% rally since it rebounded from its 5-month uptrend line last February.

The major resistance at 1.60 is also around 20% upside from the previously recommended test buy point. See "PLC trend trading potential" analysis:
https://psetrends.blogspot.com/2017/02/plc-trend-trading-potential.html

Trading Plan
- Scale down position (take profit) near the major resistance area (or wait for the trailing-stop to be hit before closing position).

MEG update on harmonic pattern and reversal signal

Megaworld Corporation

An Inverted Hammer formed up in the previous trading day right in the middle of the PRZ (Potential Reversal Zone) of a Bullish Gartley harmonic pattern. A confirmation candle also formed up today, a potential trend reversal signal.

*A Bullish Divergence pattern on some indicators is also a potential sign of an impending consolidation or trend reversal.

See previous analysis:
https://psetrends.blogspot.com/2017/03/meg-update-on-potential-harmonic-pattern.html

Trading Plan
- Trade the Bullish Gartley pattern (buy around the PRZ).
- Set a stop-loss on breakdown from 3.3 to minimize downside risk (or set stop-loss on breakdown from 3.21 to take higher risk).

ALI H&S Top breakdown update

Ayala Land, Inc.

ALI's price action after a Head-and-Shoulder Top breakdown is now getting closer to its projected breakdown price target around 32.20~32.60. It also recently broke the immediate support at 33.60.

*At extreme oversold territory.

Trading Plan
- Observe the price action for now as it gets closer to the breakdown target.
- Buy the reversal pattern near or around the breakdown target area (ideally with a confirmation before entry).
- A potential position trade opportunity if the price drops near or below 31.

Stocks with BUY Consensus Forecast

*For stocks listed in the Philippine Stock Exchange
*Updated: April 1, 2017

Source: MarketWatch/WSJ