Stocks with BUY Consensus Forecast
*For stocks listed in the Philippine Stock Exchange *Updated: May 19, 2017 Source: Financial Times
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GTCAP potentially near the bottom
GT Capital Holdings, Inc. Recent breakdown from a Double-Top pattern has already hit its measured TP at 1210. Another breakdown from Ascending Broadening Wedge pattern presents more downside risk towards the major support at 1084~1123 area. *Stochastic indicator at oversold territory, a signal crossover from this level will likely confirm the reversal. *RSI is also near oversold territory (using immediate trend bias, its already considered oversold and now showing sign of recovery) *Immediate resistance at 1298. Trading Plan - Trading buy near the recent Double-Top breakdown target at 1210. - Set stop-loss around 1084~1175 area depending on risk appetite. For position trade, set stop-loss on breakdown from this support range. - Immediate TP near 1298/1300. Can take initial profit at this level and profit run the rest on breakout from 1300 resistance.
CEB price action analysis
Cebu Air, Inc. CEB bottomed out last March and formed up a Double Bottom pattern as it hits the major support area around 90. Recently, it broke out from the Double Bottom pattern with a rally that goes through its 100 resistance level. The projected target price of this breakout is near 110.
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