Price Break Above Resistance: #ANI #SBS #TUGS

Price Break Above Resistance #DFNN #IDC #MRSGI #PHEN

DMCI Holdings Inc #DMC

DMC 5 MINUTE CHART

NOTES:

• Currently up by 2.48%
• Price range: 12.94-13.30
• Volume: 4M

8990 HLDNG #HOUSE

HOUSE DAILY CHART

NOTES:

• Broke the downtrend line.
• Also broke the short-term consolidation.
• Moved and closed above 50MA.
• Next target is at 7.43

Price Breakout From Resistance: #ACR #MARC

• Breakout from ascending triangle on high volume.
• Attempting to move above 50MA 

• Moving in uptrend channel
• Breakout from resistance on high volume.

Price Breakout From Resistance: #ABA #ALCO #DMPL #EDC #IS #MAC #RWM #SMC #SSI #TFHI

DoubleDragon Properties Corp #DD

DD 5 MINUTE CHART

NOTES:

• Up by 8.19%
• During the morning session, price breakdown from consolidation but recovered in the afternoon session.
• Volume: 4,853,800
• Price range: 32.50-38.95

Dizon Copper-Silver Mines, Inc. #DIZ

DIZ  5 MINUTE CHART

NOTES:

• Up by 13.26%
• Price range: 12.88-14.54
• Volume: 1,861,700

Arthaland Corporation #ALCO

ALCO 5 MINUTE CHART

NOTES:

• Today's top gainer with a massive increase of 48.48%
• Volume skyrocketed with 171,650,000
• Catalyst did help to spike up the price.

Abacus Cons Resources & Holdings Inc #ABA

ABA DAILY CHART

NOTES:

• Within the consolidation range, descending triangle is formed and had a breakout.
• Volume is increasing dominated by the buyers.
• RSI is however in the overbought level.
• Possible scenario: to break the resistance level around 0.468 or it will continue to move sideways.

DFNN Inc #DFNN

DFNN DAILY CHART

NOTES:

• Monthly chart: still bearish however price is attempting to break the downtrend line.
• Daily chart: moving upward but currently ranging.
• Breaking average volume, buyers are dominating.
• Possible scenario: to break the 7.45 resistance area but if it fails to do so, it may continue to move sideways.

Coal Asia Holdings Inc #COAL

COAL DAILY CHART

NOTES:

• Main trend is still bearish.
• Short-term trend is bullish as price break the resistance area at 0.445 with a very strong volume of 12,980,000.
• MACD crossover and is moving above the positive territory.
• RSI is however in the overbought level.

Integrated Micro-Electronics Inc #IMI

IMI DAILY CHART

NOTE:

• Broke the consolidation as well as the average volume.
• Perhaps the latest news was the catalyst for this move.

Latest news:
Ayala’s IMI to put up plant in Serbia to serve Europe

“Ayala-led Integrated Micro-Electronics Inc. (IMI) is building a new manufacturing plant in Serbia as it expands its European footprint to serve a growing market for automotive components in this region.

This expansion will give the globalizing IMI foothold in its seventh country after the Philippines, China, Bulgaria, Czech Republic, Mexico and the US.

IMI chair Jaime Zobel de Ayala, who is chair and chief executive of parent conglomerate Ayala Corp., said Serbia was the firm’s next best after expanding operations in Bulgaria. The manufacturing plant in Serbia is expected to start construction by next year and commence production by 2018.

The Serbian government has estimated that the new plant, which would be located in the city of Nis, would cost around 30 million euros (P1.58 billion) and employ around 1,250 in the next 10 years.

. . . . ” Inquirer.Net

SPC Power Corporation #SPC

SPC DAILY CHART

NOTE:

• Broke the symmetrical triangle.  However, volume is very low around 40,000 only.

Travellers Intl Hotel Group Inc #RWM

RWM DAILY CHART

NOTES:

• Monthly chart: still very bearish although support area was able to manage around 3.02 level.
• Daily chart: will retest previous resistance area at 3.50, if it fails to break around that level it may continue to move sideways.

NOW Corp #NOW

NOW DAILY CHART

NOTES:

• Yesterday's price range: 2.32-2.76
• Will it attempt to break the downtrend line?
• MACD crossover with positive histogram.
• Support level: 1.83-1.90
• Resistance level: 2.85-3.29
• STS and RSI are pointing upward.

Sta Lucia Land Inc #SLI

SLI DAILY CHART

NOTES:

• Closed yesterday with +6.78% gain.
• Price range: 1.23-1.30
• A successful breakout from the short-term downtrend line.
• MACD is showing strong momentum moving above zero level.
• Other indicator like STS and RSI stand in the overbought territory.

Petron Corporation #PCOR

PCOR DAILY CHART

NOTES:

• Closed yesterday with +5.91% gain.
• Price range: 9.44-9.91
• Indicators are modestly moving upward above the oversold territory.
• Support level: 8.71-9.07
• Resistance level: 9.91-10.30

Atlas Consolidated Mining and Development Co #AT

AT DAILY CHART

NOTES:

• While price is moving higher high, indicator is moving lower high which is a bearish divergence.  Most likely a pullback will happen in the coming days, just wait for SOR on support area.
• Max target is at 6.28 level.

Union Bank of the Philippines Inc #UBP

UBP WEEKLY CHART

NOTES:

• Weekly chart: though this has been moving upward, RSI is showing lower high which is bearish divergence.  If it successfully break the resistance area around 78, minimum target is at 86.

Leisure And Resorts World Corporation #LR

LR DAILY CHART

NOTES:

• Daily chart: a possible breakout from the ascending triangle, let's see if the volume will validate this attempt.
• Weekly chart: price seem to approach the downtrend line which happen to coincide with the 38.2% fib level.

Cityland Development Corpoation #CDC

CDC WEEKLY CHART

NOTES:

• Weekly chart: breakout from consolidation however volume seem to be weak.
• Price range is 18.81%
• RSI is now at the overbought level.

Ayala Land Inc #ALI

ALI 1HR CHART

NOTE:

• 1 Hour chart: hitting the downtrend line.  Breaking above it may lead to next resistance at 34 however, RSI is showing some weakness which may return to support area.

Which Sector Beats The PSEi?

NOTE:

• Among all sectors, mining & oil is the one beating the PSEi.  Followed by property, holding firms and financial sector.

Alliance Global Group Inc #AGI

AGI MONTHLY CHART

NOTE:

• Monthly chart: still very bearish however support was able to sustain at 12.22 area which is also the 61.8% fib level.  Expect short rally. 

Aboitiz Equity Ventures Inc #AEV

AEV DAILY CHART

NOTE:

• Daily chart: currently moving sideways, minimum target is at 76.  If momentum continues to move upward, expect to hit resistance at 79.50

Ayala Corporation #AC

AC 1HR CHART

NOTE:

• Hourly chart: If support with hold at 722, minimum target is set at 748.

Melco Crown Resorts #MCP

MCP DAILY CHART

PSEI vs MCP

NOTES:

• Has been consolidating in ascending triangle.  A breakout from this can lead to next resistance level at 5.40 (based on its previous resistance level last Sept. 2015)
• Despite the bearishness of the market, this stock still outperforms the PSEi. 

Oriental Peninsula Resources Group Inc #ORE

ORE DAILY CHART

NOTES:

• 1.18 is very significant area based on its historical movement.
• If it breaks the descending triangle, next target is at 1.48 - 1.60 but if it fails, expect to see sideways movement.

PSEi

PSEI DAILY CHART

NOTES:

• PSEi closed yesterday with a hammer candle, let's wait for the next confirmation candle to validate this reversal signal.

Jollibee Foods Corporation #JFC

JFC DAILY CHART

NOTES:

• Ex-div date today and as expected some already sold their shares and took some profit.
• Support must hold around 208, if not we'll expect next support based on fib 78% level near 192.
• Daily chart: if 208 will hold, we can presume that price may move in range between 208-218.

First Gen Corporation #FGEN

FGEN DAILY CHART (click image for larger view)

NOTES:

• Price is moving in downtrend channel though approaching the upperline. 
• Price recovered near fib 50% level at 22.10
• A possible retest of resistance near 24 (third is a charm)

Crown Equities Inc #CEI

CEI WEEKLY CHART

NOTES:

• Weekly chart: A retest from the previous breakout last July 25, 2016, price seems to settle at support level around 0.1441
• If price continues to move upward, major resistance may hit around 0.20 level

Semirara Mining and Power Corporation #SCC

SCC DAILY CHART

NOTES:

• Recovery seems to continue for SCC as it broke the fib 50% area at 132.50
• Price is moving in an uptrend channel and hitting the upperline. Watch out though as STS indicator is approaching overbought level
• 50MA is pointing upward. 
• Next target to hit is around fib 61.8% level at 141.20