Stock in Focus: MEG Inverted Head and Shoulder Pattern

Figure 1: MEG Price Chart

Stock in Focus: ZHI Bullish Falling Wedge Pattern

Figure 1: ZHI Price Chart

Stock in Focus: LC possible down channel broken

Figure 1: LC Price Chart

Stock in Focus: MBT on a possible Cup and Handle Pattern

Figure 1: MBT Price Chart

MBT is forming right now a possible Cup and Handle pattern. Watch out for the breaking of that dotted red line for confirmation of the pattern. Target to be determined once that red line is successfully broken.

Stock in Focus: ELI on a Cup and Handle Pattern

Figure 1: ELI cup and handle pattern

Estimated target base on pattern is around P1.32.

Stock in Focus: PCOR Bullish Gartley Pattern

Figure 1: PCOR Price Chart

PCOR is forming a bullish gartley pattern whose possible target could be either: P12.00, P17.50, or P20.

Chart Update: FGEN Ascending Triangle

Figure 1: FGEN Ascending Triangle

Stock Pick: EDC Inverted Head and Shoulder Pattern

Figure 1: Inverted Head and Shoulder Pattern

Chart Update: MEG breaking of RSI trendline

Figure 1: MEG Price Chart

MEG's price is presently testing it major resistance. Will it finally break this resistance area? My take is there is a high probability that it will finally break this area. I am taking my early signal from the RSI trendline break. In the past this trendline acts as area where price reversal took place. But this week, this was finally broken. Hope ito na yon time MEG will follow its mother company (AGI) movement.

Stock Pick Update: AGI extremely overextended!

Figure 1: AGI Price Chart

Careful on AGI now, this stock is extremely overextended and is due for a correction. Fundamental valuation already hit.

The beauty of stock trading/investing. 30% gain in about 1 month span. Price when I first recommended was P11.30. Last Fridays closing was at P14.70. You can never have this kind of gain in a bank savings account. So please, for those who are not yet investors, start investing now for the future.

Stock Pick Update: MEG Ascending Triangle

Figure 1: MEG Price Chart

Stock Pick: AGP

Figure 1: AGP Price Chart

AGP is on a possible cup and handle pattern. Stop loss place below major support (P47.86).

Note: Corporate change of name from "AGP Industrial Corporation (AGP)" to "Asiabest Group International Inc. (ABG)" will take effect on April 10, 2012.