tag:blogger.com,1999:blog-84668826962573287602009-10-13T18:40:28.128+08:00My Personal Journey in tackling the Philippine Stock Market Using Technical Analysis as taught by Absolute Traders. Of course, the bottomline is making MONEY in Philippine Stock Market!Abby Ongyanco-Limhttp://www.blogger.com/profile/12252666481747922557noreply@blogger.comBlogger117125tsupitahttp://feedburner.google.comtag:blogger.com,1999:blog-8466882696257328760.post-66835536213367547722009-06-04T01:25:00.001+08:002009-06-04T01:29:07.382+08:00

(PSEi as of June 3, 2009)This does not look good.

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(MEG Chart as of June 2, 2009)MEG - should volume diminish while it consolidate, then it still a good stock to play.Diminishing volume, while consolidating on a tight range between 1.1 and 1.18 will give us a small flag/pennant formation.I think such formation is needed to be able for MEG to propel its way up to 2.50. =)But, it is important to observe stop-loss too..(PX Chart as of June 2, 2009)

Abby Ongyanco-Limhttp://www.blogger.com/profile/12252666481747922557noreply@blogger.com0http://tsupita.blogspot.com/2009/06/stockwatch-meg-px.htmltag:blogger.com,1999:blog-8466882696257328760.post-21007983949823175762009-06-01T12:49:00.008+08:002009-06-01T13:22:26.864+08:00

(GEO Chart as of June 1, 2009)GEO breakout from the flag formation with good volume.Target price measured @ .83.One concern, pennant or flag formation should have diminishing volume and heavy volume upon breakout.(MA Chart as of June 1, 2009)MA seems to be forming a flag formation.Resistance is @ .017. If this breakout from .017 the measured target price is @ .024.(MEG Chart as of June 1, 2009)

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(AGI Chart as of May 28, 2009)AGI breakout from the small pennant formation formed.Measured target price of the small pennant is @ 3.35. But AGI might encounter some resistance around 3.20 which is the breakdown point of AGI from the H&S pattern last October 2008.(CMT Chart as of May 28, 2009)CMT encountering resistance @ .80 seems to be forming the 3rd pennant.Breakout from the 3rd pennant will

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(ABS Chart as of May 27, 2009)ABS breakout from pennant formation with volume!Target price measured @ 22.00 - 23.(LC Chart as of May 27, 2009)LC breaks its 260-MA and its previous resistance @ .15 with a heavy volume.Target Price measured @ .19 based on the pennant breakout last May 18, 2009.(MA Chart as of May 27, 2009)MA breaks pass the 260-MA and its previous resistance @ .014 with a very very

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(ABS Chart as of May 26, 2009)ABS chart shows a pennant formation.Holding a support @ 19.50 and a resistance @ 20.25.A breakout from this pennant formation will give us a target price @ 22-23.(DMC Chart as of May 26, 2009)DMC breaks from the 7.0 resistance seems to be continuing its uptrend. Target Price @ 10.00.(GEO Chart as of May 26, 2009)GEO a small flag on top of the pennant formation?GEO

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(MA Chart as of May 25, 2009)Today, MA breaks pass its 260-MA with volume.MA chart shows a W-pattern. Target price measured @ .030.(PA Chart as of May 25, 2009)PA has been encountering resistance @ .0825 several time already. PA shows a lot of bottoms hitting a resistance @ .0825.This time if PA breaks pass the .0825 with a good volume, then it is also a breakout from a 260-MA.Buying price will

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(AGI Chart as of May 19, 2009)AGI looks like a breakout from a flag and there's volume.Still, my trade plan is to enter when it's break the 2.70, which is the previous high.Target price is @ 3.2, which is the neckline or beakdown last October 7, 2008. (AJO Chart as of May 19, 2009)AJO charts shows a flag formation hugging around the 260-MA.If this breakout from the flag formation, then the target

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(LIHC Chart as of May 19, 2009)Bought LIHC @ 6.6.Its a breakout from 260-MA and volume is still up.Target Price 7.0 - 8.0.

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(MPI Chart as of May 19, 2009)Bought MPI @ 4.55 on breakout of its two pevious high on huge volume.Also noted, MPI is moving above the 260-MA.Initial Target Price @ 5.3.

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(DIZ Chart as of May 19, 2009)Bought DIZ @ 3.75 on 130-MA breakout and huge volume.Looking at the chart, it seems to breakout from a rounding bottom too.Closed today at ceiling price.Measuring the rounding bottom will give a target price @ 5.20.

Abby Ongyanco-Limhttp://www.blogger.com/profile/12252666481747922557noreply@blogger.com0http://tsupita.blogspot.com/2009/05/tradelog-bought-diz-on-130-ma-breakout.htmltag:blogger.com,1999:blog-8466882696257328760.post-9384372513003421172009-05-18T14:53:00.001+08:002009-05-18T14:54:36.304+08:00

(MUSX Chart as of May 17, 2009)Bought MUSX today @ 0.105 on double bottom breakout with huge volume.Target Price @ .14, which is also the breakdown point last December 9, 2008.

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(APC Chart as of May 17, 2009)You know what no matter how nice the analysis is, it's still the PRICE that discounts everything.Okay, I forgot to log that I bought a few shares of APC @ .34 last Friday when it breakout the .33 resistance with volume. Today, I sold my APC @ .32 (-10%) because it seems to me a failed pennant and there was selling out volume today.

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(AT Chart as of May 17, 2009)Sold AT today @ 6.1 (+9%)Last time, I bought AT based on retracement buy from 6.3 (Reference: http://tsupita.blogspot.com/2009/05/tradelog-bought-at-on-retracement-buy.html) . Last friday, It went pass 6.3 and closed @ 6.5. Made a new support at that time @ 6.3.Today, it went below the 6.3 again with huge volume. Thus, I decided to sell and took profit.

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(GEO Chart as of May 17, 2009)Sold my GEO today @ .58 (+20%)Bought a few GEO last May 5, 2009. (Reference: http://tsupita.blogspot.com/2009/05/tradelog-bought-geo-on-130-ma-breakout.html)Planning to hold this stock because my chart study shows a pennant formation, but decided to take profit because of huge selling today and bearish candlestick.Let's see how GEO will move in the succeeding days.

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(PNB Chart as of May 17, 2009)Today, I decided to exit and take profit on my PNB @ 22.75 (+20%).I admit I should have sold @ 25.5, which is my maximum target.I got in @ 17.25 when PNB broke from its 2nd pennant last May 4, 2009. (Reference: Tradelog: bought PNB on Pennant/Flag breakout)To determine my target price, I measured the flag pole and got the maximum target price @ 25.50. But then, I

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(CMT Chart as of May 14, 2009)CMT chart shows a possible second pennant formation.If this will breakout, the target price will be @ 1.00!

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(APC Chart as of May 14, 2009)See previous post on APC last May 11, 2009(http://tsupita.blogspot.com/2009/05/stockwatch-apc-ajo.html).APC charts shows a pennant formation since its breakout from the double bottom.The past few trading days, it seems to be holding it support at its 260-MA which is @ .30.Playing this stock if this breakout from the pennant formation will give a target price @ .43-

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(AGI Chart as of May 14, 2009)AGI charts right now shows a pennant formation. Also, a doji candle was formed today.If price will breakout from the pennant formation, then target price will be @ 3.20.It is noted that 3.20 price is also the point where AGI breakdown from its neckline on head and shoulder formation last October 6, 2008.With the doji candlestick formed today, I am watching how this

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(BRN Chart as of May 11, 2009)Today, BRN breakout from (1) cup and handle pattern (2) its previous resistance, April 16, 2009 @ 2.90 (3) pass through the 130-MA and 260 -MA (4) and there's volume!Target Price @ 3.60.

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(APC Chart as of May 8, 2009)APC formed a double bottom from October 2008 to May 2009.On May 7, 2009, it breakout from the double bottom pattern with volume. And further confirmed the breakout on May 8, 2009, when it breaks pass its 260-MA with volume.Target Price @ .44. (AJO Chart as of May 8, 2009)Last May 8, 2009, AJO closed at its resistance based on Jan 13, 2009 @ 0.48. There was a huge

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(AT Chart as of May 4, 2009)On March 26, 2009, AT breakout from a double bottom pattern and formed a peak @ 4.55. It then pullback from its resistance @ 4.05 also closing the gap when it breakout.AT has since then formed another peak @ 6.3 which is the 38.2% fibonacci retracement level. AT then corrected and bounced off the 4.95 which is the 23.6% retracement level forming a long white candle

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(PNB Chart as of May 5, 2009) I have to admit I got excited watching this stock. When I saw PNB breaking the 17 resistance, I jumped in and bought a few shares @ 17.25. Although there's volume when it breaks pass the resistance @ 17. The volume is not big enough to be more convincing. I just realized that after pressing the BUY button.I'm putting a tight stop loss, when it breaks down @ 17. Then

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(GEO Chart as of May 4, 2009) Bought a few shares of GEO @ .45 today because (1) it breaks through its 130-day Moving Averages, (2) there's volume (3) it breaks past the 23.6% retracement level resistance @ .44.My initial target price is @ .47 but GEO might breaks through that and test the 38.2% retracement level which is @ .50.I will place my stop loss @ .42 which is the 65-day Moving Averages.

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(MWC Chart as of April 30, 2009)Since its breakout from double bottom, MWC has gone up and now seems to be consolidating forming a flag with an established resistance @ 14.April 30, 2009 session gives us a doji with volume.So, is the stock headed to its resistance @ 14? Will MWC eventually breakout from its flag formation?I am planning to trade this stock provided there is volume when its

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