CHP potentially bottomed out already

Cemex Holdings Philippines, Inc.

CHP has potentially bottomed out already at 9.05. A rebound from this level followed by a retest of this area will likely form a bullish Double Bottom pattern and will potentially be another buy opportunity if it also gives a bullish divergence pattern on some oscillators/indicators.

*IPO price of CHP was at P10.75 per share, a possible resistance area.

Trading Plan
- Test buy near the recent bottom or wait for another pullback near the recent bottom.
- Set stop-loss just below 9.05 (or below 9).
- Potential TP is near the resistance area around 10.75.

MEG in Triangle pattern consolidation

Megaworld Corporation

MEG is currently consolidating in a Symmetrical Triangle pattern, a potential trend continuation pattern from the recent reversal after it bottomed out at 3.21. A breakout from this pattern will have a projected target around 4.35 ~ 4.40. On the other hand, a breakdown from this pattern will potentially put the price back towards 3.50 ~ 3.21 area.

*If the consolidation continues near the apex of the triangle, it will likely invalidate the whole Triangle pattern.
*Immediate support around 3.50 ~ 3.60.
*Immediate resistance around 3.89 ~ 4.00.

Trading Plan
- Buy on breakout.

MER potential breakout from Head-and-Shoulder Bottom pattern

Manila Electric Company

MER is on a potential breakout from a Head-and-Shoulder Bottom pattern (bullish pattern). Measured target is around 320.

*A successful breakout will also potentially fill the gap at 314.60 ~ 324.40 range.
*Immediate resistance is around 300, the previous major support prior to breakdown.

Trading Plan
- Buy the breakout (but expect for potential fallback).
- TP=320
- Set a stop-loss to at least 1:2 risk/reward ratio but ideally around 1:3.

MRSGI potentially forming a bullish trend continuation pattern

Metro Retail Stores Group, Inc.

MRSGI is potentially forming a Falling Wedge pattern, a bullish trend continuation pattern. A breakout from this pattern will likely revisit the resistance around 4.4~4.5.

*Potential bullish signal on Stochastic near the oversold territory.
*Support around 3.52/3.5.

Trading Plan
- Buy on breakout.
- Potential target to initally take profit or scale down position is around the resistance area.
- Set stop-loss on breakdown from support at 3.5 (risk/reward ratio is not very attractive when immediate TP is only around 4.4~4.5. Profit run on breakout from resistance.

GTCAP potentially near the bottom

GT Capital Holdings, Inc.

Recent breakdown from a Double-Top pattern has already hit its measured TP at 1210.

Another breakdown from Ascending Broadening Wedge pattern presents more downside risk towards the major support at 1084~1123 area.

*Stochastic indicator at oversold territory, a signal crossover from this level will likely confirm the reversal.
*RSI is also near oversold territory (using immediate trend bias, its already considered oversold and now showing sign of recovery)
*Immediate resistance at 1298.

Trading Plan
- Trading buy near the recent Double-Top breakdown target at 1210.
- Set stop-loss around 1084~1175 area depending on risk appetite. For position trade, set stop-loss on breakdown from this support range.
- Immediate TP near 1298/1300. Can take initial profit at this level and profit run the rest on breakout from 1300 resistance.