MEG - closed previous gap down

By -


Your Ad Here
MEG = 4.1 (7.9%)

MEG formed a white candle with higher high and higher low to close the previous gap down and move above the 32MA.

MEG looks to rally to test the resistance made by the previous gap down.

Resistance: 4.3-4.35 (previous gap down)
Support: 32MA, 3.95, 3.8/3.75/130MA

Good luck to all MEG traders!

Megaworld Q3 net profit jumps 28.5 pct on higher revenue (from Citiseconline and Technistock)

Megaworld Corp, the Philippines' second-biggest property developer, reported Friday a 28.5 percent increase in third-quarter earnings, underpinned by gains in residential projects and rentals from offices leased to business process outsourcing companies (BPO). Net profit for the quarter came in at 844.3 M pesos compared to 656.9 M pesos in the same period last year. For the first nine months, net profit rose 52 percent to 2.29 B pesos, with revenue up 53 percent at 10.1 B pesos. Megaworld has upgraded its full-year reservation sales target to 19 B pesos, from 17 B pesos previously, given the continued strong demand for homes and BPO offices. At the start of the year, the target was set at 15 B pesos. "This series of upgrades is proof that the Philippine property market remains robust and resilient despite the subprime woes in the US," chairman and president Andrew Tan said in a statement. Megaworld closed 10 centavos or 2.4 percent lower at 4.10 pesos on Friday, ahead of the release of its results.
Western Union.Mac (Apple Computer, Inc.)Iomega CorporationFujitsu Computer Systems CorporationLinkShare Referral Prg

Comments

Post a Comment

Popular posts from this blog

EDC - found trough and possible new support level to form steep demand line

By -
Image
EDC 7.3 ( 1.4% ) EDC formed a trough at 6.9, which might be a new support level, to form a steep demand line Resistance: 7.8 Support: 7/6.9 Good luck to all EDC traders! PNOC-EDC potential bidders down to 16 10/11/2007 source: Technistock The number of potential bidders for the government's remaining 60-percent stake in PNOC Energy Development Corp. has gone down to 16 from the 24 that had submitted letters of interest. PNOC president Antonio Cailao said the 16 entities were those that met the Oct. 5 deadline for the submission of the initial pre-qualification requirements and passed the first screening process. The list of the pre-qualified bidders should have been released Wednesday, but Cailao said the PNOC Privatization Committee had decided to give the 16 entities a few more days to submit additional minor requirements. "Of the initial 24, eight have fallen off so we now have 16 potential bidders. But this number could still go down by the time the Privacom finishes its r
Read more

Daily Notes

By -
Image
Daily Notes Top Losers: BDO, lower low, currently at overbought levels (RSI = 85.7, highest for the past year) JGS RCB MWC, most active list ALI, most active list Stock Watch AT higher high, resistance at MA130 (4.9), intraday 4.45 (highest in the past 3mos.)
Read more

BSP eyes measures to curb peso climb

By -
Buy more Philippine Pesos??? BSP eyes measures to curb peso climb By   Doris C. Dumlao ,  Michelle V. Remo Philippine Daily Inquirer The Bangko Sentral ng Pilipinas said 2013 could be a challenging year as far as preventing an even steeper appreciation of the peso was concerned, noting that a potential investment grade credit-rating for the country could drive more foreign portfolio investments. Admitting it was actively buying dollars from the market in 2012 to temper what could have been a sharper appreciation of the local currency, the BSP said it expected the need for more action to keep the peso as less volatile as possible next year. “Capital flows from a [potential] credit-rating upgrade will provide more challenge in terms of keeping the peso relatively stable and minimizing its volatility,” BSP Deputy Governor Diwa Guinigundo told reporters Friday. In 2012, the peso appreciated against the dollar by more than 6 percent partly on account of significant inflo
Read more