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Philippines Stock Exchange PSEi Index Potential sign of exhaustion today after a gap down towards the major support area where a Bullish Hammer candlestick pattern formed up. If this bullish candlestick pattern morph into a Morning Star pattern, it can potentially signal the bottom and a reversal or consolidation may follow. *Bullish divergence pattern also continues to unfold. Trading Plan - Please see the previous PSEi price action update as the medium to long term position trade potential remains the same: https://psetrends.blogspot.com/2018/06/psei-price-action-update.html

Philippines Stock Exchange PSEi Index After 3 months of downtrend price action, PSEi started showing signs of Bullish Divergence pattern on many technical indicators (around first week of May). The breakout from its 3 months downtrend line and into the 4th month of another pullback (a sort of Dead-Cat-Bounce or DCB), Bullish Divergence pattern continues to unfold. - Bullish Divergence pattern as price action gets closer to the major support area around 7400 is a potential sign that it's closer to the bottom if not the bottom yet. - If the price action starts to consolidate around the major support area, it will likely confirm the Bullish Divergence pattern and signal the bottom. *See previous PSEi chart analysis here: https://psetrends.blogspot.com/search/label/PSEi Trading Plan - For medium to long term position trade, accumulation of key stocks (or index fund) near or below 7400 should give a good risk-to-reward ratio moving forward.

Megawide Construction Corporation MWIDE is now trading again near the support line of its 8-month Upward Price Channel. - immediate support area around 20.85. - immediate resistance around 23.00. Trading Plan - Potential position trading opportunity again near the support areas. The lower the better approach (medium to long term trade still).

Megawide Construction Corporation MWIDE is currently trading at the support line of its 5-month Upward Price Channel. - immediate support area around 17.70. - immediate resistance around 19.70. Trading Plan - Potential position trading opportunity around the support areas. The lower the better approach (medium to long term trade)

Source: First Metro Securities https://www.firstmetrosec.com.ph/ February 9, 2018

SM Prime Holdings, Inc. SMPH formed up a Bullish Piercing Line pattern as it hits the Major Support area around 35. See previous analysis on SMPH for reference: https://psetrends.blogspot.com/2017/06/smph-breakout-continuation.html Trading Plan - Accumulate near support area for a position trading (medium to long term position).

Megaworld Corporation As MEG continues to trade in its 3-month Downward Price Channel, a potential Bullish Divergence pattern is developing after retesting the support at 4.80 (4.7~4.8). See previous MEG analysis for reference: https://psetrends.blogspot.com/2018/02/meg-price-action-update.html Trading Plan - Buy the breakout from its Downward Price Channel on good volume. - For position trade, accumulate the dips near support area and set the stop-loss a few points below 4.70.

Megaworld Corporation MEG's price action continues to move within its 3-month Downward Price Channel with immediate support around 4.80. *Potential Bullish Divergence pattern in the making (needs further confirmation). Trading Plan - Avoid for now. - Buy the breakout from its Downward Price Channel on good volume. - Potential position trade around the support area if Bullish Divergence pattern can be confirmed.

DoubleDragon Properties Corp. DD continues to respect the resistance line of its 9-month downward price channel. Volume trend however tends to get weaker on every dips, a potential sign that it may have found its support area. *Major support around 36. Please see previous analysis for trading plan on DD: https://psetrends.blogspot.com/2018/01/dd-price-action-analysis.html

"When there are huge losses in the market you'll have opportunities to buy good companies with stocks that have become bad because the market turned down." - Jim Cramer

Metro Retail Stores Group, Inc. MRSGI's price action is moving in a 5-month Downward Price Channel and is now hovering the major support at around 3.6 (3.5~3.6 support zone). Trading Plan - Potential buy or accumulation around the support zone (position trade). This is a medium term setup. - Set Stop-Loss on breakdown from support zone (a few points below 3.5).

Chelsea Logistics Holdings Corp. CLC has recently hit the projected target price from Double-Bottom pattern breakout at 9.7. See previous analysis for reference: https://psetrends.blogspot.com/2018/01/clc-on-another-potential-breakout.html Trading Plan: - Take profit or scale down position when TP is hit. - Profit run the rest of the position with trailing-stop. "Don't let greed trump reasons.."

There may be an exception to every rule, but there are several investing principles that are tough to dispute. Here are 10 that should help investors enjoy long-term success. 1. Sell the losers and let the winners ride. Let losers go before their value completely plummets. Of course, it’s tough to know which suffering stocks will turn around and which ones won’t. 2. Don’t chase a hot tip. Let your own research and analysis guide your stock purchases, not someone else’s. 3. Don’t sweat the small stuff. Short-term movements should not prompt panic because short-term volatility is inevitable. A quality investment will persevere. 4. Don’t overemphasize the P/E ratio, which compares a company’s share price to its earnings per share. It should be used within the proper context, and in conjunction with other analytical processes. 5. Resist the lure of penny stocks. A lousy $5 company has just as much risk as a lousy $75 company. Remember, companies with lower share prices face fewer regulatio...

Chelsea Logistics Holdings Corp. Another potential breakout on CLC and this time from a  Double-Bottom pattern. Projected TP of this breakout is around 9.7. *Immediate support is around 9 (previous resistance now becomes support). See previous analysis for reference on this Double-Bottom prior to breakout. https://psetrends.blogspot.com/2018/01/clc-breakout-update.html Trading Plan - Buy the breakout but with tight stop on breakdown from immediate support. - If still holding previous position, continue profit-run with trailing-stop.

Chelsea Logistics Holdings Corp. CLC has hit the projected target price of the recent breakout from its 4-month downtrend line. It's also now potentially forming a Double-Bottom pattern with a projected target price of around 9.7 on breakout. *Immediate resistance at 9. Trading Plan - If holding a position from recent dips accumulation, take profit or scale down position. Profit run the rest with a tight trailing-stop. See previous post for the suggested dips accumulation near support: https://psetrends.blogspot.com/2018/01/clc-price-action-analysis.html - Buy the breakout from Double-Bottom on good volume.

Chelsea Logistics Holdings Corp. CLC is on a potential breakout from its 4-month downtrend line after revisiting the immediate support at 8.30. The projected target price of this breakout is near the immediate resistance area around 9.00. Please see the previous analysis on CLC for reference on the trading plan: https://psetrends.blogspot.com/2018/01/clc-price-action-analysis.html

Jollibee Foods Corporation JFC remain toppish as it continues to tiptoe the resistance line of its upward price channel. Yesterday's candle also formed up a Bearish Harami pattern, a potential sign that the current uptrend is slowing down or may soon come to an end. Trading Plan - Avoid for now. - Please see previous analysis for other potential action to take. https://psetrends.blogspot.com/2018/01/jfc-looks-toppish.html

01/20/2018 " COLing the Shots " is a monthly publication by COL which provides insights on investments opportunities based on global and local developments that could affect the market. See https://www.colfinancial.com for the detailed report.

Source: First Metro Securities https://www.firstmetrosec.com.ph/ January 19, 2018

DoubleDragon Properties Corp. DD's recent price action is now hovering the resistance line of its 9-month downward price channel. This resistance line looks strong so far as all breakout attempts were shutdown. *Major support around 36. Trading Plan - Avoid for now. - Buy the breakout from downward price channel on good volume. - For long term position, accumulate below 40, the lower the better.