Alliance Global, Inc. (AGI) To Shoot For The Moon!?

Alliance Global Inc., AGI philippine stocks, Andrew Tan, Ron Acoba, daily stock picks, stock market trading, symmetrical triangle

Andrew Tan-led Alliance Global, Inc. or AGI in the Philippine Stock Exchange made some headway late last year when it announced its purchase of Fil-Estate Land (LND). Alliance Global, Inc., as we know is involved in three core businesses – real estate through Megaworld Corporation; food and beverage through Emperador Distillers, Inc.; and fast food through Golden Arches Development Corporation which is the master franchise holder of McDonald’s in the Philippines. The company also has a 50% stake in Travellers International which is the one that developed Resorts World Manila. December’s purchase of Fil-Estate Land only adds to AGI’s portfolio of prime companies.However, for 2011, it is its stake in Travellers International that is seen by many analysts to bring the bulk of profit to company. In fact, Travellers in is estimated to contribute around PHP 7 billion of the total expected PHP 13 billion plus net profit at the end of the year.

On the technical side, 2010 was a year to remember for AGI as it rose from an opening of PHP 4.10 in January all the way the way to a high of PHP 13.12 in December 6 before closing the year at PHP 12.50. Now, that’s a gain of about 204.5% in just a year! You would not get that from any kind of bank, trust or mutual fund products. Anyway, as you can see from its chart above, AGI’s breakout from an inverted head and shoulders pattern during the first part of 2010 propelled it towards its December high.Though after peaking at PHP 13.12, it appears that it has lost some of its upward momentum. From December to present, AGI has remained out of the radar by consolidating within a symmetrical triangle. For those who do not know, a symmetrical triangle which comes from an uptrend gives the stock an upward bias. Given this, a breakout to the upside could send AGI at least around PHP 15.18 (measured by projecting the base of the triangle from the likely point of breakout) in the medium term. A fall below the triangle’s support, on the other hand, could send it down to just below PHP 8.00. This could happen if the PSEi breaks down (it is dangerously hanging over a major support) as this could heavily weigh on the stock. Thereby, it’s more prudent for you to wait for the index to rebound and the stock to breakout before going long on AGI.

Comments

  1. steveo77 says

    Martin Armstrong is quite the enigma. He was held in jail for 7 years on contempt of court, then after 7 years he was convicted of defrauding Japanese investors and received another 5 years — added on (not incorporated into the 7 already served). I don’t know the whole story, probably only a handful of people really do.

    Although he has some radical views at times, he attempts to go back into history to pull out historical examples of why “there is nothing new under the sun or moon” or Neptune squaring Uranus ;-). As far as I noticed, he is not really an Astro type guy, but he doesn’t let his thinking get reigned in by the conventional party line.

    He writes with an old fashioned typewriter and does charts on graph paper, by hand. He allows me to republish any of his works as a public service. Actually he allows anyone to republish as he sees a turning of the tides and thinks the overall damaged can be minimized by more real information being available.

    Here is a link to a recent writing about the importance of Culture and the rise of China

    oahutrading.blogspot.com/

    Also, there is a poll on Gold, please register your viewpoint

  2. Kristie says

    There are sensational ports of call. In Provence-Alpes-Cote d’Azur has some of the state. There to cater to your own and go when it is not really adequate. They are conveniently located near the park.

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