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.
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