FGEN of the Philippine stock market has achieved my minimum target price of 19 Php per share!!! Just like what I mentioned on my previous posts’ technical analysis. Click image to enlarge!

Stock Market: Because of stock dividends, I move my minimum target price for FGEN to 19 Php per share. It’s almost there!!! Click image to enlarge!

(FGEN) has broken out of its symmetrical triangle chart pattern (indicated by the red diagonal lines) as for my technical analysis. Click here to see the previous post. Click image to enlarge!

Banks all over the world were terribly affected by the current stock market crisis. Many went bankrupt, some still going and most were struggling. Despite that, many of the Philippine banks were able to hold on and maintain a strong and stable company and one of them is Banco De Oro (BDO). Looking at its chart, more than a year of downfall had occurred to its stock value. This year of March however was the turning point making a big turnaround by bottoming at 20 pesos per share. It’s currently above 30 pesos and still showing signs of rising as an  ascending triangle chart pattern (indicatd by the red horizontal and diagonal line) is being formed as for my technical analysis. Once a break above 36.5 pesos and a sudden surge in volume occur, it may easily reach 42 pesos. Click image to enlarge!

Universal Robina Corporation or URC, a publicly listed company in the Philippine stock market, has been performing well as its stock value increased. From my previous post I mentioned that it was creating an ascending triangle chart pattern as for my technical analysis but not. As seen in the chart, URC is moving in a “range” bouncing off the support line (red diagonal line) couple of times . Despite the area pattern confusion from the previous post of this topic, it still achieved its minimum target price of 9.5 Php. Click image to enlarge!

As for my technical analysis ,head and shoulders chart pattern (3 arcs: The head is the biggest red arc and the shoulders are the arcs beside it), being formed by APC Group Inc. (APC), is soon to breakout. In fact, it tried to breakout today (indicated by the blue circle) with heavy volume but failed since the price didn’t end up above the resistance line (red horizontal line) of the said formation. But once it does, my minimum target price is set at 0.63 Php. Click image to enlarge!

Among the many companies publicly listed in the Philippine stock market, Geograce Resources (GEO), has been forming a cup and handle chart pattern (indicated by the bigger red arc is the cup and and the smaller red arc indicates the handle) as seen in the picture. This is a bullish pattern and the price potential is on the upside. My breakout point would be the price going above the neckline (red horizontal line) or above 0.81. Once it does, a good buy there is. 1 Philippine peso is easily achievable. Click image to enlarge!

  Two bullish area patterns are seen in First Gen Corporation (FGEN) as for my technical analysis, a cup and handle chart pattern (indicated by the bigger red arc is the cup and and the smaller red arc indicates the handle) and a symmetrical triangle formation (indicated by the two vertical lines in the 2nd picture). If good news back up the global markets, prices can climb anytime. Click image to enlarge!

Filinvest Land Incorporated (FLI), listed in the Philippine stock market, is showing signs of a good buy as for my technical analysis because it’s trying to mold an inverted head and shoulders chart pattern (3 arcs: The head is the biggest red arc and the shoulders are the arcs beside it) and eventually breakout. Once the price surges above the neckline (red horizontal line), a minimum target price of 1.26 would easily be achieved. Click image to enlarge!

San Miguel Corporation “B” or SMCB has broken out 2 weeks ago but due to poor market conditions it started declining, shying away from rising and going back inside its breakout point. Click image to enlarge!

It has been a good run for San Miguel Corporation “B” (SMCB), publicly listed in the Philippine stock market, since March of 2009 but this week looked even better. Shown in the image, the stock chart of San Miguel, broke out from a double bottom chart pattern (indicated by the 2 red arcs) a few days ago. I set my minium target price at 70-80 pesos per share. Click image to enlarge!

Globe Telecom (GLO) listed in the Philippine stock market has reached my minimum target price of 980 (Previous posts 12) closing at 995 Philippine peso per share and looks like to go up more! Click image to enlarge!

In my technical analysis the stock market value of Universal Robina Corporation or URC or even better known as the company who makes C2 green tea, jack and jill chippy, nips, magic flakes and many more is steadily rising after years of downfall. This company listed in the Philippines stock exchange has broken out from the ascending triangle chart pattern (indicated by the red horizontal and diagonal lines) last May 8 as seen in the charts. After it broke out, it made a return move and bounced from its new support (red horizontal line) yesterday. Strategically trading the stock, I would enter it at its current price placing a stop-loss below 7.6 or once it goes below the support line (red horizontal line) with a target price of 9.5-9.8. Click image to enlarge!

From my previous post about Globe Telecom of the Philippine stock market last month, it has just broken out from the ascending triangle chart pattern as for my technical analysis. Now, it’s about to hit my target price of 980 Philippine peso. If the stocks of Globe Telecom (GLO) were bought at 900 pesos per share back in May 15, around 7% profit is made as it closes today at 960. 7% in less than a month isn’t bad at all. Click image to enlarge!

In the 1st picture, a chart of Union Bank of the Philippines dating back from 1996, the stock price has bounced of its 10yr support (violet dotted line). The 2nd picture at a closer view, UBP has broken out of a resistance (green dotted line since January of 2008). 26.5 per share looks like a good buy for UBP but a better bet is when the price breaks out of the cup and handle chart pattern‘s (indicated by the bigger red arc is the cup and and the smaller red arc indicates the handle) resistance line (red horizontal line). Closing above 27 Philippine Peso is my best bet as for my technical analysis! Click image to enlarge!

The target price of 1.16 Php for Megaworld Corporation of the Philippine stock market was achieved!