CHP Technical Analysis (February 4, 2017)

CHP may look like its still ranging. But technically there are signs that this stock is about to move up. There is a bullish divergence as indicated by both RSI and MACD.  It's able to finally make a Higher Low and Higher High pattern. Those signs are enough for me to say that CHP is kind of bullish right now. Immediate resistance is around P12.00.

On Elliot Wave perspective, I am expecting this stock to breakout to form the wave 3. Invalidation point of the current wave count will be the P10.64. A break of this level means we need to re-evaluate the chart.

DISCLAIMER:

This is just my own personal analysis base on what I see on the chart. It is not a recommendation to buy/sell. Trade at your own risk.

LTG Wave Analysis (January 27, 2017)

Today a friend of mine (Jay)  requested me to look at the chart of LTG which prompted me to check it out. I was amazed of what we have discovered. It seems LTG is about to make something huge in the next couple of weeks.

On the weekly chart it seems LTG is about to make an impulsive wave (3)/(C). This waves are the most strongest of the waves.

Weekly Chart of LTG

Daily Chart of LTG

On the daily chart, it is forming a expanding flat pattern which is about to explode for wave (3).

Key level to watch is that RED LINE. Once it is broken the count will be invalid. One of the things I have learn in my 8 years of trading experience is that the market will always prove to be right. And that exercising proper risk management is the key to success.

DISCLAIMER:

This is just my own personal analysis base on what I see on the chart. It is not a recommendation to buy/sell. Trade at your own risk.

Stock Pick: BEL

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Figure 1: BEL Price Chart

BEL is presently forming what looks like an inverted Head and Shoulder pattern with target of approximately P7.40.

Stock Pick: FDC

Figure 1: Symmetrical Triangle of FDC

FDC is forming presently a what looks like a symmetrical triangle with short term target of about P5.00. But if FDC will be heavily benefited by the outcome of the IPO for East-West Bank then there will be a possibility that it will overshoot our target a formed a possible harmonic AB=CD pattern with TP of around P5.50 to P6.30. See chart below.

Figure 2: Possible AB=CD pattern

Figure 3: Long Term Chart of FDC

Lastly looking at the long term chart of FDC, I am seeing a possible cup and handle is forming. FDC simply needs to break the rim of the cup (RED diagonal line) and the pattern will be confirmed valid.

Stock Pick: MBT

Figure 1: MBT Price Chart

MBT is forming a symmetrical triangle with TP of about P105.  Fundamental valuation of my broker is at P108. Technical and Fundamental are in sync.

Stock Pick: FPH

 Figure 1: FPH Price Chart

FPH is presently forming a symmetrical triangle with TP of about P80.00. There is also a possible cup and handle forming that once confirmed will make TP of FPH about P108. 

Fundamental valuation of my broker (COL) is at P108.20. Both technical and fundamental are in sync.

Stock Update: PX

Figure 1: PX Price Chart

PX was able to find some support along its trendline. The RSI indicator also confirms such support. Price is also at oversold which increases the possibility of a price upward recovery.

Stock Update: ALI

Figure 1: ALI Price Chart

 

Today ALI broke free from its up and handle pattern. Hopefully it will continue to move up tomorrow and the coming days.

Stock Pick: ALI

Figure 1: ALI Price Chart

 

Here is another stock worth accumulating for position trading. Thanks to dalmacio for pointing out the head and shoulder pattern. TP for that pattern is around P20.50. Aside from that ALI is also forming huge cup and handle pattern with target price of around P32.50. God bless to our trades.

Stock Pick: PX Update

Figure 1: PX Price Chart

Accumulate inside the BUY ZONE area (P19.25 to P22.50). Cut losses when price goes down below P19.25. Key target of PX will be the PRZ for either the bat or crab harmonic pattern. Given the bullish divergence on PX, there is a high probability that its price will soon move up.

Stock Pick: APC on Cup and Handle

PX Alternative Chart Analysis

Figure 1: PX Price Chart

Stock Pick: PX

Figure 1: PX Price Chart

Stock Pick: GERI

Figure 1: GERI Price Chart

Stock Pick: AGI

Figure 1: AGI Price Chart

Stock Pick: BEL

Figure 1: BEL Price Chart

BEL is trying to form a higher swing low. The 20 MA is currently providing some support. RSI is already located along its trendline support.

Stock Pick: AGI

Figure 1: AGI Price Chart

Base on current pattern AGI has a possibility to move higher with target of around P14.00.

BEL Chart Analysis

Here's something to think about:

Figure 1: BEL Price Chart

Stock Pick: BSC

Figure 1: BSC Price Chart

I've been accumulating and following the price behavior of BSC recently. I have notice a perfect setup that I wanted to share with you guys. BSC was forming a Bullish Bat pattern that recently hit its PRZ zone. Today was a defining moment of BSC for it was able to confirm the bullish hammer pattern that it was able to form the previous day. Looking closely also at the RSI it seems that it was also able to break its down trendline resistance. Another bullish candle will further confirm the upward movement of the price of BSC.

Stock Pick: PX

Figure 1: PX Price Chart

I love the current chart setup of PX right now. End target for wave 4 and the bullish AB=CD pattern is finally reach. Also PX is oversold and is now at major support area for both the price and the RSI. Projected target is around P31 to P35.