Hi guys,

I have moved to www.tradertactics.wordpress.com. From now on that will be my blog address.

Thanks!

Mining Stocks

The Basura Saga is beginning to end. It appears that investors are shifting from basuras to mining stocks or blue-chips. Philex Mining (PX) and Atlas Consolidated Mining (AT) look like they're done correcting and took off today. They may reach new heights come tomorrow. The same goes for the Lepanto Brothers and Manila Mining Twins although they've gone up significantly high today. 

Basura Stocks Recycled to Blue-Chip Stocks

These are the Basura Stocks that have gone up or is already going up:
1. PWR
2. BHI
3. VITA
4. ZEUS (hard to get)
5. IS
6. IP
7. SGI
8. SINO
9. BC
10. AR
11. DIZ
12. COAT
13. UNI
14. SFI
15. CYBR
16. CPM
17. DFNN
18. EVER
19. ORE
20. VUL
21. AGP
22. LIHC
23. OM
24. ELI
25. SUN
26. GERI

Out of all, I like SFI, PWR, VITA, BHI, and ZHI.

u?

PNB, Ready for a Comeback?

Philippine National Bank (PNB) has tested its support at P57.7-P58.00, and may make a comeback to P64.00. Based from its chart, it may be doing a symmetrical triangle formation. If prices reach at P64.00, it can either have a breakout and go up to its all time highs in the P70 range or go just trend sideways until it reaches or nearly reaches the apex of its symmetrical triangle. Upon reaching the apex, it may make a breakout or a breakdown from there.

CEB, Reverse to P91?

Cebu Pacific has been trading in a range that is slowly narrowing. If it reaches the apex, it might have a breakout. Today, it closed at P86.05 with a bullish shooting star candlestick that was preceded by a bullish hammer candlestick. Stochastics are showing that the %K stochastic is above %D stochastic, which is a buy signal. Added to that, RSI is saying it still has upside. It is safe to trade the range and sell around P90-P91 after buying at the the best bargain price possible tomorrow. 

There are other stocks out there that might have the potential to gain a lot of returns, especially basuras. A speculative stock that perhaps could be day-traded tomorrow is Petron Corporation (PCOR). It recently formed a bullish hammer, and may have corrected already. 

Lopez Stocks, The Stage is Yours Now

Finally, after being pummeled down to extreme lows. The stocks of the Lopez's are now beginning to fight back and triumph. Energy-Development Corporation (EDC) was the biggest surprise as I didn't expect it to correct quickly and move up to reach a high of P7.00 today. That was hecka strong. It just ignored the PSEi correcting. First Gen Corporation (FGEN) is getting stronger and stronger each day. I can see a Reverse Head and Shoulders forming, and hopefully this could break its all time highs. My biggest relief came when I saw Lopez Corporation (LPZ) breaking the P6.00 mark. After what seemed to be years, the stock has finally soared and may look like reclaiming its previous high. I expect the stock to go even further though. I would have to congratulate all those who held the stock or bought at the P5.55-P5.60 levels. You have faith man! 

APO and PNX

My stock picks for tomorrow would be Anglo Philippine Holdings Corporation (APO) and Phoenix Petroleum Corporation (PNX). 

I chose APO because the chart of APO looks poised for another run. Atlas Mining Consolidated (AT) has also shown resiliency despite the PSEi correcting. I think APO is a stock that is good to day-trade on momentum especially when it shows signs of strength tomorrow. I would avoid leaving the stock overnight because my indicators are alarming that it has breached the overbought level already.

My second stock Phoenix Petroleum Corporation (PNX) Iappears to have built support last week at P11.36. Relative Strength Index (RSI) shows a positive divergence, which means the stock can go up soon. The Moving Average Convergence-Divergence is also indicating that the stock is picking up momentum. Once the resistance breaks at P12 and there is strong momentum, we can easily see a rally towards P12.60.

Take Your Pick

I'm really bullish in our market. Here are some stocks that I perused, and what I think that have the potential to go up. There are plenty more, but I think I'll stick to these first. Time to see which ones I'll weed out later at the opening...

Bullish Breakout from Sideways Pattern

After surfing the PSEi waves for so long, we finally might have hit a pipeline that can bring us to at least 4414 points or more. In the past days we experienced rough surfing days, but hopefully this could be it -- a smooth surf all the way. Below is a chart that shows PSEi's breakout. The next resistance is at 4413.42. 

Warning! Bullish Run May Be Over

In Order of Appearance:

I can't seem to upload pictures, but some of these stocks have already reached their downtrend "peak" or their lower highs. There is a likelihood that these stocks will go down tomorrow. Hope people were able to day-trade or short-term trade these stocks.

1. Belle Corporation - barely reaching peak (P4.90 for me); closed at 4.87 today.
2. First Gen Corporation - reached peak at 14.10
3. Megaworld Corporation - closed at 2.03 and made a hanging man pattern
4. Jollibee Foods Corporation - possibly reached peak at P85 (might still go up tomorrow, but be cautious)
5. Robinsons Land Corporation - reached peak at P12
*Note, the Philippine Stock Index has also reached a potential downtrend peak.

These are only a few stocks. There are more that show the same pattern, but have not yet peaked on their downtrend. Will upload images as soon as blogspot server is fixed.

JFC, Bee Happy!

JFC, seems to be bottoming out and building support at the P83 level. I think it's safe to buy now, and I could see a bullish cup in the formation. When you look at its monthly chart, it's still in an uptrend. Below is an image of the daily chart. MACD looks bullish, RSI looks okay. This might be another stock that can do okay today.

ALI, Float Like a Butterfly, Don't Sting Like a Bee

My stock review tonight would be Ayala Land Inc. (ALI). Here are some reasons why I think ALI can float, take note the word is float not soar nor fly, like a butterfly and hopefully not sting like a bee. Let me breakdown the first chart:

First: Row: Moving Average Convergence-Divergence (MACD)
It appears that the faster moving average (red line) is about to cross the slower moving average (blue line). If the red line crosses-over the blue line, it means a buy signal for this stock. 

Second Row: Relative Strength Index (RSI) 
The RSI is forming higher lows while the prices on the charts are forming lower lows. This looks like a positive divergence to me, which is a bullish sign.

Third Row: Chart Pattern
Prices are building support at P14.84-P15, and last price is about to intersect with the 15-day moving average (red line). It can mean that the stock is starting to bottom out (safe to buy). Once prices move up and maintain above the 15-day moving average (red line), the ALI can do a short-term bull rally. 

Fourth & Fifth Row: %D Stochastic & %K Stochastic respectively
%K stochastic is above %D stochastic, which can mean bullishness. %K is at 32.0755, still leaning towards oversold conditions. 

The second chart shows the intra-day chart of ALI (3 min. chart). When you see the daily chart above, it looks like the stock is in a downtrend. However, the 3 min. chart shows that ALI is in an uptrend today. Perhaps tomorrow, this uptrend can still continue. 

The only thing negative that I see is that most of the foreign brokers, save Macquarie, are on the bear's side -- at least today. Philippine Equity Partners (PEP) is the top buyer today and the prior week.

CAUTION: Plunge to 4400

The PSEi was absurd yet again. For the past two days, it went up then force closed at the very last minute. Thank you DBP-Daiwa for being the culprit on both days. Nevertheless, there are opportunities in the market that we can perhaps buy already. On my watch are RLC, NIKL, and LPZ. This time, I used harmonics to technically analyze these stocks. Among the three, NIKL can be a stock to buy because its stochastics is already turning (I would take the opportunity to sell upon hitting its immediate resistance since its in a downtrend). For RLC, if it goes down tomorrow, then I'll be waiting at 11. If it goes lower than 11, then I'll wait for a capitulation (when a stock plummets, then bounces back up in a day; thus, forming a hammer/hanging man pattern). If it goes really really off-the-charts-low, then I won't buy. 

CASH is king, and we're in a sideways market at best. Be careful, we might actually hit 4400 again.  

 

Tug-of-War between the Bulls and the Bears

The PSEi is definitely acting weird. When you look at the charts of the stocks for the past two months, you will either see a ranging pattern or a downtrending pattern. However, if you look closely, some stocks had been going down on small doses only on each day for the past few weeks. For example, take a look at the each black candlestick of AT and FGEN, and you will notice that their bodies are small, which means that the bulls are fighting hard to gain better ground. When you try drawing a trendline on stocks like these, you will either have a downtrend that has a narrow spread or you will be forced to consider the pattern to be ranging. What else I have noticed is that some stocks have been easing out and are closing at previous lows. This can be a good sign and means that stocks are building support at their current levels. Just take a look at FLI, MEG, and CEB, you can see that they are building support roughly at 1.18, 1.92, and 82.5 respectively. I guess what I'm trying to say is that our market can still rally for the coming days, but it would be safe to say that our market is a ranging market. Our economy is still healthy. In fact, when I went to a monthly broker's meeting, reports say that there is still a lot of room for growth in our economy. It's just not as cataclystic as the growth we experienced last year. 

PSEi - Triple Top or Triple Bottom?

The past few days was a horror. We were not spared by the sell-off of the DJIA (Dow Jones Industrial Average) for the past week. People say they see a triple top in the PSEi. This could only mean a bearish move about to happen soon in the market. However, there is a silver lining in the dark clouds looming over our local bourse. What we see as a triple top can as well be a triple bottom -- in formation. I just hope that it is the latter. If not, then I expect a breakdown going towards my perceived second level of retracement. I am just crossing my fingers that tomorrow or the day after tomorrow, we would rebound and slowly head North-East. For now, CASH would the best stock. If you're gutsy, then PWR can be a viable option. 

*PD: I have PWR. I am not hyping. Trade on your own. 

What could be a triple top can also be a triple bottom...

LAND and PWR, basuras or necessities of Man?

Last week, I put my money on PWR, a basura stock. Let me tell you that it was one helluva ride. I have never felt so ecstatic before at the time I was trading it nor so euphoric afterwards. Now I understand why people ask for tips on which basura stock they should trade. This week, I would like to experience the rollercoaster ride one more time -- with LAND. I've seen both bidder and seller side a while ago, and it reminded me of PWR. Plus, the volume traded today was huuuge unlike its previous volumes before. If my instinct is correct, then LAND can soar to greater heights tomorrow. I just hope I can do rounds on the rollercoaster ride. If not, then it's crash and burn for me.

Foreign Investors

I would just like to post something different today. I'm not hyping, but I think this article poses as a good news to our country. As you all know, the U.S. economy is weakening day by day. To say their economy is catastrophic can even be an understatement.

I believe that it is time for Asia to rise. I think these foreign investors will help boost our economy, and it can also have a lot of implications about our ethnicity as Filipinos. With a better economy, I believe more and more people will embrace and be proud of being Filipino. With China leading the Asian economy, I think we can see more and more people shifting and adjusting their perspective about Asia.

To me, this article serves an inspiration for me to do more. I think I don't even want to rest. I want to be in the forefront of all this history in the making. This is also an opportunity for me to reach my dreams. Who knows, maybe one day I may really achieve it.  

Kindly check the news below:

http://warrenbuffettnews.org/1745/buffett-firm-eyes-meralco-partnership-manila-bulletin/

Last Run on May

Last May 10, I posted on my blog that there were some stocks pulling back to prepare themselves for a shoot up. I think this week will be the rally for these stocks. Hopefully, we will start April with the bulls charging in. TEL is interesting. It has been going up for the past few days and its MACD will soon cross-over. If it breaks 2550, you can potentially see the 2700 level as the next resistance. Some stocks that are bottoming out are AGI with its gravestone candlestick, MEG with bullish piercing pattern, and DMC with its bullish harami pattern. But I'll be closely monitoring DMC. It can either go up tomorrow and continuously so to fill the gap or just make a lower high to fulfill a much larger pattern -- a downtrend pattern. Another interesting stock is AEV. It just won't go down its 66% Fibonacci retracement. It might go up to 42 this week if the bulls continuously take over the bears. Finally, who could ever forget the Mining Industry? If you ask me, I will definitely hold LC and LCB for the long term. I think they have hit the jackpot from their goldmine. PX on Monday will be a momentum play for me.

SECB, Possible Dividend Play

Chart of SECB is okay. It's ranging from 92-95, but can possibly go up to more than 95 this week. They recently declared dividends worth P1.00. Ex-date is on June 1. Strategy for SECB can be a dividend play. That's all for now.

JFC, Time to Be Jolly?

I've been accumulating JFC (Jollibee Food Corporation) stocks for the past week. I am led to believe that it has corrected already because it retraced up to 66%. That's a deep correction! Furthermore, support is heavy at P86.

Just a while ago, the PSE disclosed that JFC has acquired a percentage of a large Vietnamese company that operates various restaurant-chains in Vietnam, and all of its Chow King stores from Fortune Food Services Inc. who was licensed to manage said stores in the U.S. This means that JFC is really expanding its restaurant business portfolio to tap other countries, and may be serious in growing their Chow King stores in the U.S. because of its potential. I hope this good news can help JFC's price reach P100.00 already.

Am I in Good Hands with Metrobank?

Today is another trading day! For my stock reviews, I choose Metrobank because I saw a Three Rising Soldiers candlestick pattern, and my MACD and Stochs are saying a buying signal for this stock. Other stocks worth looking into are Semirara Corporation and (SCC) for a possible dividend play and Banco De Oro (BDO) because of its resilient uptrend. Props to BDO for sustaining its uptrend despite the choppy market. If you guys are looking for a low risk entry or for stocks that can be accumulated, I think you guys should monitor Jollibee Foods Corporation (JFC) because it has retraced 66% already. Of course, this can still go down.  

Turtle Market, Let's Be Day Traders!

The market is sluggish recently. A lot of companies disclosed a net loss during the first quarter of 2011 due to inflation. Apart from that, I just sighed when I saw Atlas Mining (AT) surge dramatically and Leisure & Reorts World (LR) close at a high of P11.5 today. For Atlas Mning, I was wondering why it's only now that people are making a big fuss over their huge net income. That news was disclosed way way back. In fact, it was the time when I posted my review on Atlas Mining. Due to the low volume and lack of price action at that time, I forgoed AT as being part of my portfolio. As for LR, I sold too early today at an average price of P11.04. Intuition told me to hold on to it and sell tomorrow because its chart looks good. However, when news came out today that LR will be suspended on Wednesday because they failed to submit their 2010 Annual Report on time, I hurriedly locked in on my profits. Boohoo. :(

Since most of the stocks are correcting for the past days, I think I might do some aggressive day trading with any of these stocks: AT, BEL, LR, and ANI. Just buy the dips and sell on strength. Lock on profits within the day. No carry-overs. As for LC, LCB, MA, and MAB, I do hope there is still play on these stocks. Without them, the market is boring. hehe.

As a side note, I am still bullish on Meralco (MER). It has a lot of elements of a symmetrical triangle that will breakout such as a pre-mature breakout, volume decreasing but has spikes, and has been developing the pattern for at least 3 weeks already. Earnings report is quite good too. What do you guys think? :)

Ayala Corporation (AC) and Manila Water Co. (MWC), Are You Ready?

Ayala companies are slow moving for me. But if their stocks look good, then I guess I'll have to invest in them. For Ayala Corporation (AC), it has been consolidating for a while. It's in the accumulation phase. Now that the news are out posting a 16% net income growth, I would expect their stock code to appear more frequently in greens this week. I wonder if I can still chase this stock. I hope it breaks the resistance of 390 to go up substantially.

Another slowpoke in the market is Manila Water Company (MWC). It woke up from its slumber last Friday and closed at 18.28 (+1.2% change) with a high of 18.5. My stochs and MACD alarmed a buy signal last Friday. News came out that their core income increased by 14%, but Net Income decreased by 3% due to a decrease in fair value of P4B bond. Let's see if bulls will push the price of this stock higher.

FGEN's and BDO's Uptrend; Stocks Pulling Back to Shoot Up?

Today TEL went up. MER is still on my watch list. As for RFM, I think it's not yet its time. Asides from these stocks being on my watch list, I kept a separate sheet where I wrote down what stocks could possibly go up today given their charts. AP, AGI, FGEN, and EEI were on that list, and they all went up. The reason why I wrote them on a separate sheet is because I think these would not really go up drastically as I think TEL, MER, and RFM would today. However, it looked like my priority watch list didn't perform better than my secondary watch list during the trade a while ago. Based from the performances of the various stocks in the Philippine Stock Exchange, I'm beginning to believe that we can easily walk over the 4350 mark. I also hope that this is the sign that we will break the 4500 resistance soon.

Anyway, here are two stocks that can be bought for those who wants to be risk-adversed, but can gain returns in a few days or weeks: FGEN and BDO. The reason why I chose these stocks is because of its strong uptrend. Observe how the prices don't fall below the short-term moving average (red solid line).

For tomorrow, apart from MER being on my watch list, I would also add in AEV, EEI, JFC, BEL, LR, MPI, and SM. There's a few more actually. I think a lot of stocks area already bottoming out. If that's the case, then I hope we could break 4500 mark soon.

Blue Chips Making a Move?

Sorry, I wasn't able to post yesterday night. Since I wasn't able to post yesterday, I'll just post my stock review today, right before the PSE opens. I think TEL and MER can potentially go up today based from their charts. Their indicators and oscillators are alarming a buy signal already. Another stock that I'm monitoring will be RFM. Its chart looks like it is poised to go up.

I'm excited already because starting this week, companies will be disclosing their first quarter report. It's crunch time for me as I'll be reading and making a sound fundamental analyses from these reports so that I can get a clearer picture of the stocks in the Philippine Stock Exchange.

Good luck traders!

Gokongwei Stocks Still Bullish?

Last week, Gokongwei stocks, specifically CEB, JGS, and URC, were going up. Based from my Technical Analysis (TA), I expect that they would still continue to go up tomorrow. It looks like these stocks have a good upside, especially JGS where the sky can be the limit. CEB is so strong recently. I guess foreign investment houses are buying into this stock because of its strong fundamentals, and the recent news of Citiseconline.com that oil prices have already been discounted in the price of CEB gave good reason to the public to start investing in this stock. Tomorrow, I will be monitoring JGS and URC. JGS looks interesting with its Rising Three Methods candlestick pattern while URC may gain momentum.

As for LC, LCB, MA, MAB, and PX, I would like to see them go up tomorrow. I am hoping that there will be more buyers of these stocks now since the news has already been out. In case you still don't know, PX is buying into LC. And since Manila Mining stocks (MA/MAB) are correlated with the Lepanto stocks (LC/LCB), I won't be surprised if MA or MAB would also go up. Be wary though, when the news are out, usually that's the time to sell.

Green Monday

Friday's market performance was strong. A lot of stocks, particularly PX, LC, LCB, JGS, and CEB rallied near the close. It's unbelievable to see mining stocks this strong. There is a lot of promise in mining stocks because of the recent developments in the industry, at the same time we can't discount the fact that prices of minerals and precious metals are still ridiculously increasing. I see PX, NIKL, LC, and LCB still going up come Monday.

As for JGS and CEB, their strong rally near the close is a signal that the bulls may have taken over. JGS might continue its uptrend from before while CEB may possibly do a reversal.

All in all, I'm confident that PX, NIKL, LC, LCB, JGS, and CEB will contribute green points on PSEi's performance on Monday (SM looks good too).

Another industry that could contribute green points would be the power industry: AP looks poised for a reversal, EDC is trying to make new highs, and FGEN still has batteries to go up.

For position traders, FLI and MEG might be good buys tomorrow. Better monitor first though. :) For all those PNX holders, congratulations! Slap me for not buying when it was still consolidating.

SemiRARA! GO RA!

Today was a big surprise when SCC (Semirara Mining Corporation) ridiculously gapped up, but closed to 220.8. I just found out that SCC has declared cash dividends of P10 per share. That's P4 more than the previous cash dividends they declared. I wonder if they would also declare an SRO that would accompany the cash dividends. :) Nonetheless, I am cheering for this stock tomorrow because this is great news and could potentially bring back investor confidence in SCC. In addition to the news, MACD, Stochs, and RSI are looking great for SCC.

AEV, Venturing Further?

It's 12:28 AM already. Sorry for the late post, but my head really ached this afternoon. Nakakasawa rin pala if you trade the whole morning and when you get home you would still be doing stock related stuff. Moving along with my review of the market, I found Aboitiz Equity Ventures (AEV) as a potential stock to pick for tomorrow (April 28, 2011). My oscillators are signalling a buy signal, and there is strong buying from DPW-Daiwa a while ago. I would probably buy on the dips because weekly chart and monthly chart do not paint a bullish picture for me. Best case scenario for me would be to trade this stock for the short-term and make money out of it while I wait for its son, Aboitiz Power (AP), to go down to the 30-30.5 levels and buying it again. 

Tsupita Tuesdays

I think today was a profit-taking Tuesday since some stocks went down after being up for the past few days. In spite of the bears selling their positions, there was a noteable force from the bulls when some stocks pushed up to close at a not so bad price. These include MEG, MER, EDC, and RLC to name a few. With regards to RLC, I personally see a potential uptrend, but without enough volume it can just be consolidating for now.

Today, I decided to buy MWIDE because its MACD made a cross-over. I will monitor this stock as it gapped up. It can either close the gap or continue to move higher for the next few days. For tomorrow, I'm eyeing on PNX. If its MACD makes a cross-over and there are signifcant buyers and sellers, I might consider buying this stock.

Easter Bunny's Eggs: Lopez Stocks

Last Wednesday, most of the Lopez stocks closed at a significant gain. For those who were able to closely monitor the market and to sharply buy LPZ, FGEN, or FPH last Wednesday, start rejoycing because these Easter Eggs may bring fortune and replenish your exhausted funds from the long weekend's spending. For those who may want to buy tomorrow, I can say that it's still safe to buy. I think that LPZ is going to resume its uptrend because it has already broken out of its reverse Head & Shoulders Pattern plus an appearance of a rising Three Methods Pattern confirms its bullishness. As for FPH, I see the maturity of a Cup & Handle Pattern, which signifies bullishness. Last but not the least, FGEN would likely continue its uptrend from the looks of what I believe is a Bullish Belt Hold Line. All my oscillators are alarming a buy signal on these stocks. On another note, my wildcard stocks for tomorrow would be APC and ELI --something's up with these two stocks. :)

Holding Period:	LPZ	FPH	FGEN
Short term TP (1 day to 4 days):	6	66.6	14
Mid term TP (5 days to 2 weeks):	6.5	68.2	17
Long term TP (2.1 weeks to 2 months)	7	72	21

CEB, Pearl of the Pacific or Still a Pearl Covered in Oil?

Since last week, I've been observing CEB's price movement. I am thinking that it might be building support around the 76-78 price levels. Last time I checked CEB's Annual Report dated last year, I saw strong fundamentals. In fact, they're even acquiring additional airbuses to accommodate the strong demand for air travel. Recently, they released a disclosure that their number of air passengers increased by 12% for the first quarter. Perhaps this is a reason why CEB's market price has been going up lately. Will this bring investor confidence already or will the rising prices of oil still smear the iridescence of the Pearl of the Pacific? As for CEB's chart, it looks like a descending triangle, but I see potential in its oscillators (MACD has potential to cross-over, RSI has more room to go up, %K Stochastic has already passed %D Stochastic). Let's see whether this recent upward movement of CEB is for the short term only or for a trend reversal. 

Short term TP (1 day to 4 days):  82
Mid term TP (5 days to 2 weeks): 88
Long term TP (2.1 weeks to 2 months): 100

Property Boom!

Today was a good trading day. The PSE is up by 29.56 pts, and a lot of stocks in various industries closed at a gain. One industry that I've been waiting for so long to go up is the Property Industry, particularly Megaworld (MEG), Filinvest Land (FLI), and Robinsons Land Corporation (RLC). I think any of these stocks would only strengthen one's stock portfolio, in case he or she doesn't have a property stock yet. I'd also like to share some notes I chatted down recently from my perusal of these stocks' company reports that covered until the period of September 30, 2010 (RLC and FLI) and December 31, 2010 (MEG).

MEG

• Net Income on a year to year basis is increasing at a steady pace.
• Has numerous projects and joint ventures with various companies such as with Resorts World Manila that will develop Newport City located at Pasay. 
• Promotes a Learn-Live-Work-Play real estate concept that combines residential, commercial, business, and leisure in one area. (i.e. Eastwood City, McKinley Hill, Newport City, etc.)
• Offers quality brands to customers and has strong sales business model that even reaches overseas.
• Has strong income coming from their sale and development of residential homes that mainly target the high-end market.
• Earnings Per Share at year end (Dec. 2010) is 0.196 

FLI

• Net income on a year to year basis is increasing substantially.
• Has few projects. One of its major projects is a joint venture agreement with Cebu City government to develop 50.6 hectares located in the heart of the City.
• Revenues increased from mall and office spaces mainly because of the acquisition of 40% of Africa Israel Properties (Phil.).
• Has strong income coming from their sale and development of residential homes that mainly target the middle-class market.
• Earnings Per Share at year end (Dec. 2010) is 0.12

RLC

• Net income on a year to year basis is increasing, but on a decelerating rate.
• Many projects are promising, yet are either in the planning stage or in the development stage.
• Has a well-diversified real estate development and operations portfolio, which includes the development of residential, offices, malls, hotels & motel real estates to name a few.
• Has strong income coming from their Commercial Centers Division (Malls)
• Earnings Per Share at year end (Dec. 2010)  is 5.48 

In my opinion, MEG would be a safe choice because of its strong financials (debt to equity ratio is only 0.27:1 at year end) and continuous delivery of quality projects and unique business models. Secondly, FLI is a growth stock for me because of its potential to increase their revenues substantially on a year to year basis. Lastly, RLC is still a strong choice for me because of its high revenues (let me reiterate earnings per share is 5.48 at year end) and its diversified portfolio in  real estate development.

Looking at MEG's and FLI's charts, their uptrend looks strong and intact. Next week, I expect MEG to take megasteps until 2.5 and FLI to fly up to 1.40. As for RLC, I wish it made a larger white real body candlestick to clearly signal a bull move ahead. Nonetheless, I am optimistic about RLC and expect it to erect ascending white candlesticks until it reaches 14.2 in the next trading days. Out of the three, I think RLC is still a good stock to take a position for the upcoming property boom.  These are all conservative tps. :)

Atlas Mining, Hammered the Last Nail to the Coffin?

The mining industry is outperforming the PSEi. PX, NIKL, LC/LCB, and MA/MAB have shown upward movement with momentum for the past few days! Why is Atlas Mining (AT) not in the roster?

While most of the attention is in PX, LC, and NIKL, AT might follow suit. That's good news for me since I can still probably bandwagon the mining rush. From my Technical Analysis (TA), I can see an uptrend about to start by the appearance of a hammer candlestick today, which can signal the death to Atlas' short-term downtrend. When you look at the bigger picture, AT's chart looks poised for an uptrend that will range moderately. Today, the oscillators are also signalling a buy as the %K stochastics has cross-overed %D stochastics, and RSI is showing a positive divergence. Volume is slowly increasing. Recently, they have also disclosed information that their 40th shipment of copper has been successful and the next shipment will be on April 25.

Personally, this stock will be in my watchlist for tomorrow.

Short term TP (1 day to 4 days):  16.2
Mid term TP (5 days to 2 weeks): 17.2
Long term TP (2.1 weeks to 2 months): 18.5