The downtrend of DMC for the past months has possibly come to an end since it’s now starting to move sideways out of the resistance line (green line) in the picture. On the other hand, buying the stocks at its current price is also a good strategy because the 4 year support as indicated by the violet line has so far been respected. Once you get into this stock, it’s either you hold until it bounces up or cut when it goes below the support (violet line).
PHILIPPINE STOCKS: DMC (DMCI HOLDINGS, INC.) 9-4-2008
PHILIPPINE STOCKS: ALI (AYALA LAND, INC.) 9-2-2008
ALI is showing signs of a possible reversal from a downtrend to an uptrend by forming a reverse head and shoulders formation as what is seen in the chart. In case the stocks break out from the area pattern, a good entry price for this is 11.5 with a minimum target of 13.5 based on technical analysis. Click image to enlarge!PHILIPPINE STOCKS: MWC (MANILA WATER COMPANY, INC.) 9-2-2008
A nice looking symmetrical triangle for MWC. This will be confirmed once it breaks out of the resistance (topmost red horizontal line) at 18.25 with an initial target of 21. Click image to enlarge!
PHILIPPINE STOCKS: APC (APC GROUP, INC.) 9-2-2008
After APC has been going down for months now, it decided to move sideways. What is possibly seen in the chart is a reverse head and shoulders formation if this could be confirmed by the breakout from the neckline at 0.43 along with a huge increase in volume. Basing it on technical analysis, when this breaks out, the the minimum target price for this stock is 0.61. Click image to enlarge!
PHILIPPINE STOCKS: AJO (AJO.NET HOLDINGS, INC.) 9-1-2008
What is seen in the charts of AJO is a breakout from a reverse head and shoulders formation at 0.0675. This is signaled by the break of the neckline of the area pattern and the sudden surge in volume. Basing it on technical analysis, the minimum target price for this Philippine stock is around 0.095. Click image to enlarge!
