Technical Insider

Our Lady of the Holy Rosary School of Fairview will have a Family Day this coming 6th of October. Celebration of the Foundation Day of OLHRS will also be held on the same day. Hope to see all of you there!

EDC gap up to achieve new high at 7.6 Disclosure bought edc at 7.1 (plan: cut loss at 6.9) Sold all of SMPH Sold all of MEG Sold all of AT Bought PA 0.21 --> sold everything at 0.235 Sold some MER at 87/86.5 Bought some more SM at 407.5 Sold all of MWC MER lower low - 65MA acting as resistance ^must achieve higher high today to maintain bullishness and off set the lower low... 88 yesterday's high... SMPH opened at yesterday's low - resistance at 12 MEG higher high SM higher high PNB higher high MBT testing resitance at 58.5 IPVG higher high - might try to test 10 - resistance due to change in fluctuations AC higher high NRCP - higher high - trying to close previous gap down PA - good volume and new all time high at 0.23 - rumored target price of 0.28 GLO - new all time high FPH higher high MWC testing support at 15... lower low at 14.75... need to close above 15

EDC opened gap up with new high Disclosure bought edc at 7.1

PERC = 10.75 ( 4.9% ) PERC formed big white candle with big volume to break out of resistance. Will PERC continue its bullish behavior to test resistance at 11.75? Support: 10.25 - previous resistance Resistance: 11.75 - recent high Good luck to all PERC traders

Thanks to super technical analysis guru tarantrader for pointing out a possible flag :)

PSEi = 3769.82 ( 2.5% ) PSEi again made a white candle. PSEi looks like it is going to attempt to test the all time high at 3820.55 Support: 3664.63 - lower limit of recent gap up Good luck to all traders! "Asian stock may fall; ADRs, Nikkei futures drop" - MarketWatch (link provided on the sidebar) "Asian mining stocks may extend yesterday's losses after December gold futures fell for a second day, down 60 cents to $735.7 an ounce in New York. December copper, however, rose 5.25 cents to $3.7635 a pound." - excerpt from MarketWatch article presented above "Stocks near all-time high, gain another 2.52%" - article on Inquirer Money (link provided on the sidebar "MANILA, Philippines--Share prices rose to their highest in nearly three months, buoyed by expectation of a quarter-percentage-point cut in the central bank’s key interest rate, some brokers said." - excerpt of the article from Inquirer Money presented above Kindly click on the links...

DGTL = 1.5 ( 5.6% ) DGTL made a shaven white candle to close near or at the 130MA. The next trading day will show us whether the 130MA is a support or a resistance. Good luck to all DGTL traders! Disclosure: Im a technical insider of DGTL with an average cost of 1.6. Hopefully this rally or uptrend will provide me an opportunity to make profit, break even or cut loss below -6%.

WEB = 0.0575 ( 4.5% ) WEB is pushing the upper bollinger band to indicate a possible uptrend. WEB recently moved above the 65MA. WEB traded with big volume. Resistance: 0.06 Support: 65MA Good luck to all WEB traders! Disclosure: Im a technical insider with WEB with an average cost of 0.06. Hopefully this rally or uptrend will allow me the opportunity to get out with some profit.

SMPH = 12.5 SMPH formed a white candle to close above the resistance line of a possible ascending triangle with significant volume. Resistance: 12.75 - recent high Support: 12 - previous resistance line of the possible ascending triangle Good luck to all SMPH traders! Disclosure: bought SMPH at 12.25

SM = ( 2.6% ) Disclosure: bought SM at 390 SM might possibly be an ascending triangle formation. (I heard that the target price could be as high as 470) [470-390=80] [80/390*100=20.5%] SM again tested the resistance at 390 but was unable to close above 390. SM had significant increase in volume. Support: Possible demand line Resistance: 390 Good luck to all SM traders :)

MER = 87.5 ( 1.2% ) MER formed a white candle and was able to close above the 65MA. Hopefully the 65MA will now serve as a support. Resistance: 93.5-94 - recent high Support: 65MA Good luck to all MER traders!

NI = 20.25 ( 9.5% ) If you look at NI you will note that after forming a black candle the price movement of NI failed to push the upper limit of the bolliger bands which may indicate loss in momentum of the uptrend. Although NI formed a white candle which was able to cover more than half of the previous black candle, it was not able to achieve a higher high. Also if the supply line holds today's white candle was not able to break that supply line. I was hoping to get back to NI because the ticker tape was riddled with orders for NI mostly buy up orders. But i had to stick to my plan that I was to buy into NI if and only if it was able to achieve a higher high and a higher low and big, as in big volume. Neither of which was accomplished by NI today... Support: 17.75 - lower limit of the black candle 65MA Resistance: 21.25 - upper limit of the black candle Good luck to all NI traders :)

Sold all of LND 1.3 Sold all MIC at 6.2/6.3 Bought SM at resistance/support of 390 WEB higher high (among most active) PAL gap up (among most active) FLI target price 1.92 hit (among top gainer) TEL all time high 3050 MER higher high, higher low, uptrend intact crossed 65MA, must close above 65MA to gain better confidence of trend PNB crossed above 130MA higher high GMAP lower low FPH higher high, crossing above 65MA MEG higher high PERC breakout! support now at 10.25 GEO higher high and lower low RLC closed previous gap down SM breakout! support now at 390 AC higher high

PSEi = 3677.19 ( 2.2% ) PSEi exhibited how bullish it is by forming a gap up white candle to close a previous gap down and even attempted to close another previous gap down. Wow! Support: 3664.63 - upper limit of gap up 3642.12 - upper limit of previous gap down Resistance: 3705.81 - high of gap up previous gap down at 3706.24-->3685.33 3820.55 - all time high posted on 7/13/2007 Good luck to all traders! Note US markets closed mixed last night. PSEi might have a hard time posting a higher high today. Kindly refer to the news links provided on the side bar on the latest business, finance and stock market news by Inquirer, Marketwatch and CNN. DJIA = 14,047.31 ( 0.29% ) US STOCKS-Dow drops day after rally, but banks, builders gain - from Reuters

Will there be an October Crash? by Fitz Aclan Thiking out Loud at Yehey! copy and paste at address bar: http://www.yehey.com/finance/vc3.aspx?id=183113 or check out the link list on the side Master Fitz Aclan again shares his views on Yehey! "As I write this report, I can see that the Dow has broken above the highs of July already. This gives a slight smile in my heart in that at least I know that the market vindicated my analysis even before I submitted this report (fast isn’t it?).... The strength of the run up from the lows since the discount rate cut cannot be ignored in my view and supports my outlook that the markets will resume the uptrend moving forward. I have yet to see a crash after a breakout of new highs.... Remember: a breakout of highs is a Bullish sign -- always has and always will be — its nature's law . Don't fight the tape...go with the flow ..." - Fitz Aclan, excerpt from " Will there be an October Crash?" posted on his column: Thinki...

NRCP = 3.7 ( 1.3% ) Note previous gap down from 3.85-->3.7, which the recent trend or rally is trying to close. NRCP must close above the previous gap down to increase confidence that the trend is intact and the momentum is strong Though NRCP formed a black candle the heavy volume may suggest that a lot of positions change hands --> beneficial change in ownership, hence, the low of 3.6 of the black candle may serve as a support since the supposed sell-off was not able to eat up all of the demand. Note that the same huge volume was present on 9/11 which NRCP never tested the low since. Another resistance is being offered by the 65MA (3.75-3.8). NRCP must close above this level of resistance to continue its immediate trend. Support: 32MA Good luck to all NRCP traders! Note: Citiseconline has a Target price for NRCP at 5.1, hope this level can be reached by this trend or rally. Before the subprime mess and credit crunch bruhaha... NRCP was one of the Top Picks of Citiseconline. ...

DCL #6011: Robinsons Land Corporation Investors at two of Robinsons Land Corporation’s prime properties, One Gateway Place and One Adriatico Place, recently experienced the rush that comes with no less than stepping into one’s new home. Unit owners can now officially call their investments their own as the two properties are fully complete and ready for occupancy. During turnover, which was accomplished two months ahead of schedule, the new residents could not hide their excitement over their realized investments. For the Robinsons Land Corporation (RLC), these sentiments of achievement are mutual, since for the developer, every new project is an investment as well. With a grand vision in mind and their respective cores – Robinsons Galleria and Robinsons Place Ermita – already intact, RLC proceeded to building places to house, literally, the hundreds of people who frequent their malls, office buildings, and surrounding establishments in a day. Strategically located in two of the metro’...

ERC allows power firms to give 'special rates' The Energy Regulatory Commission (ERC) is allowing power firms to offer "preferential rates" to their customers even without its prior consent. In a Sept. 19 order, the regulatory body said it had said in previous decisions that "the grant of preferential rates to qualified consumers should be considered as a business decision." But it also said certain conditions should be fulfilled when offering special rates. The order stated that any reduction in revenues of state-owned producer National Power Corp. (Napocor), state-owned grid operator National Transmission Corp. (Transco) and private distribution utilities as a result of providing preferential rates to their customers should not be recovered from or passed on to other clients. Also, any losses that might be incurred by these power companies should not result in any form of cross-subsidy. When giving preferential rates to a certain group of customers, the ER...

SN Aboitiz Power gets $380M loan for Magat purchase Aboitiz Power Corp. on Monday announced that its unit SN Aboitiz Power Inc. (SNAP), has secured a $380 million loan from a consortium of banks, which will be used to pay part of the balance of its purchase of the 360-megawatt Magat hydroelectric power plant. In a disclosure to the Philippine Stock Exchange, Aboitiz Power said SNAP will also use part of the loan to refinance its existing $159-million debt from parent company Aboitiz Equity Ventures. The $380-million loan consists of a dollar tranche of up to $160 million and a peso tranche of up to P11.5 billion. It was obtained from a group of domestic and financial institutions including World Bank's private investment arm International Finance Corp., Nordic Investment Bank, Banco de Oro-EPCI, Bank of the Philippine Islands and China Banking Corp. The group also includes the Development Bank of the Philippines, the Hong Kong and Shanghai Banking Corp. Ltd., Philippine National Ba...

Megaworld seals buy of old Iloilo airport for P1.2B Property developer Megaworld Corp. has purchased the 54.5-hectare old airport in Mandurriao, Iloilo from the government for P1.2 billion. In a disclosure to the Philippine Stock Exchange dated Oct. 1. Megaworld said it has signed a sale and purchase agreement with the government for the property, which it pans to transform into a business district. "Megaworld envisions its project to become a magnet for major business process outsourcing companies interested to set up shop in the Visayas region," the company said. Megaworld said it has already applied with the Philippine Economic Zone Authority for a special economic zone license for the area. Aside from building a BPO complex, Megaworld said it also plans to construct educational facilities in the area geared at equipping prospective employees of call centers and other BPO firms. MEG = 3.9 ( 1.3% ) After forming a long white candle MEG closed a previous gap down today and c...

Me-Six: Technical Analysis of the Philippine Stock Market You can find a link to Me-Six at the Link list. His article covers: PSEi, PLTL, ISM, BSC, SMPH and WIN Thank you Me-Six!

Our beloved and well respected guru on technical analysis has once again posted an article regarding NI click on the link on the side, namely, Tales of the Absolute Trader or copy and paste this on your browsers address bar: http://tarantrader.blogspot.com/ Thank you tarantrader! http://tarantrader.blogspot.com/

GEO = 2.55 (0%) GEO formed a black candle and a significant upper shadow that will most likely measure the uncertainty of the traders as GEO hit it's high of 2.75 Support: 2.4 - recent gap up Resistance: 2.75 - GEO must achieve a higher high or close above to give the traders confidence that the up trend is still intact Disclosure: Bought GEO at 2.5 and 2.6 to add to my positions... but had to sell at 2.5 due the the formation of the black candle. Good luck to all GEO traders!

DCL #6050: Change in corporate name This is in reference to Circular for Brokers Nos. 6022-2007 dated September 28, 2007, in connection with the approval by the Securities and Exchange Commission of Multitech Investments Corporation's ("MIC") change in corporate name and primary purpose. In view thereof, the change in corporate name of Multitech Investments Corporation to Minerales Industrias Corporation will be reflected on the Exchange's computer system effective October 8, 2007. MIC = 6.1 ( -4.7% ) After momentarily touching the target price of 6.8 MIC formed what seems to be a bearish engulfing pattern. Support will likely be at the 130MA (5.5-5.6) Resistance will come from 65MA and 6.8 (the recent high of the rally), if MIC fails to close above the resistance tomorrow, it could confirm the reversal of the trend towards consolidation or down trend. Good luck to all MIC traders! Disclosure: Still holding MIC

NI = 18.5 () NI seems to have formed a very bearish reversal signal: bearish engulfing. A big black candle seems to be eating up the smaller white candle of the previous trading period. Disclosure: I sold all of my NI at 20... whew! Good thing I wasn't a technical insider again for NI. Support for NI might be at the 65MA (16.75-17) Resistance now pegged at the upper shadow of the black candle at 21.25, if NI fails to break this resistance tomorrow... it can be a confirmation that the trend has reversed from this recent rally toward: consolidation or down trend. Good luck to all NI traders!

Sold WEB at 0.0525 (gtc) Sold all of NI at 20 Bought more GEO at 2.6 Sold all of GEO at 2.5 New high AC 595 New high MWC 16 New high TEL 2970 NRCP resistance 3.75 (?), amongst most active GEO higher high and higher low, amongst most active MEG higher high and higher low, amongst most active MER breakout resistance of 85, amongst most active FLI gap up, higher high and higher low, amongst most active RLC gap up, higher high and higher low, amongst most active SMPH possible breakout of ascending triangle if close above 12 :)

Sold MWC 14.25 - order posted as GTC (reached high of 15, #13 most active) Bought LND 1.3 at close (breakout of ascending triangle, high of 1.36, #16 most active) Bought MEG 3.85 at run off (breakout of ascending triangle, high of 3.9, #3 most active, #3 top gainer) Bought GEO 2.55 at run off (change in fluctuation at 2.5, high of 2.6, #2 most active, #7 top gainer) Value traded today at PSE 4.1B

Philippine money grows at slowest pace in eleven months c/o Citiseconline and Bloomberg GEO bullish gap up 2.4 and reached for 2.48 (amongst top gainer) - geo change in fluctuation now trading 2.5-2.55-2.6 FLI weakens testing support of gap up at 1.7 (amongst top loser) - fli bounces at 1.7 reached 1.8 LND breakout - ascending triangle - resistance 1.24 now a support MEG breakout AT breakout - testing resistance at 16.75 a previous high

AC = 550 ( 2.8% ) AC continues to be bullish and closed the previous gap down to form a gap up white candle. Resistance - 560 - upper limit of gap down - 580 - 590 Support: 540 - upper limit of gap up

FLI = 1.74 ( 4.8% ) FLI impressed us with volume and price action. It opened and maintained a gap up with significant volume. It is a concern though that it failed to close above a previous gap down, 65 and 130MA; which would seem a pretty daunting resistance levels. Hopefully FLI will continue to impress us in the coming trading days. Support: 1.7 - lower limit of gap up Good luck to all FLI traders :)

NRCP = 3.65 (0%) NRCP is being controlled by to bulls to test a previous gap down. Support: 32MA Resistance: 3.65, 3.7 - lower limit of gap down; 65MA Note an aggressive supply line with NRCP that will most likely be crossed or broken by the recent rally as confirmed by the MACD wherein the fast line is above the slow line. Also of note is that the faster line is above the zero line for 2 days. It is a concern however that if NRCP is merely in a consolidation then stochastic is pointing out an overbought level (86). RSI is benign at 57. Good luck to all NRCP traders :) Disclosure: 1/4 of my portfolio is technically inside NRCP since it was placed as one of the top picks of my broker with a possible Target Price of 5.1

Our beloved and well respected guru on technical analysis has once again spotted a possible area pattern with SMPH! click on the link on the side, namely, Tales of the Absolute Trader or copy and paste this on your browsers address bar: http://tarantrader.blogspot.com/ Thank you tarantrader! http://tarantrader.blogspot.com/ Buy SMPH at 12.25 - resistance of the ascending triangle Target Price: 14.75 (20.4%)

GEO = GEO continues to be run by bulls with no resistance yet in sight. Support: 130,65MA Resistance: possibly at 2.9 If we are to take into account GEO's momentum as measure in the short term by the stochastic it will be noted that GEO is overbought (95.8). RSI is nearing the overbought level likewise (69). It is prudent to take into account that RSI and stochastic are not reliable when an issue is trending. GEO is confirmed as trending bullishly by the MACD which has been trading above the zero level for 6 days for the fast line and 2 days for the slower line to signal a possible buy-long. If GEO will weaken its momentum we might see a dip in the stochastic then the RSI, if the trend reverses the MACD will most likely follow. Note: 130MA is above 65MA which is above the 32MA. Good luck to all GEO traders :)

PSEi = 3572.9 ( -0.01% ) PSEi failed to close the gap last trading session and retreat below its open to form a black candle with a significant upper shadow that might pertain to a lot of uncertainty as the PSEi moves to close the gap. Support: - 3545.7 possible support if it was a resistance - 3521.53 upper limit of the recent gap up - 3449.16 65MA Resistance: - 3588.26 lower limit of the gap down Good luck to all traders :)

Hey guys check out master tarantraders blog at: tarantrader.blogspot.com He has a new article about NI and MIC. More power tarantrader!