Technical Insider

EDC = 7.4 ( 1.3% ) EDC might be seeing some resistance at 7.4 after failing to produce higher highs and might be seeing some support at 7.2. Note EDC steep demand line still intact but might be tested today... careful Note EDC trading above 32,65,130MA. Support: 7.2/7/6.9 Resistance: 7.4/7.7/7.8 Good luck to all EDC traders!

PAX = 13.5 ( 5.9% ) PAX gap up, moved above 32MA and seems to be testing resistance at 14. Resistance: 14/15 Support: 13 Good luck to all PAX traders!

FLI = 1.94 ( 7.8% ) FLI gap up of long white candle -> probably bullish :) Resistance: 1.96/ 1.98-2.06 (previous gap down) Support: 1.84 / 130MA Good luck to all FLI traders!

PX = 9.4 ( 4.4% ) PX looks like a bullish engulfing pattern after a short period of consolidation :) PX after a probable healthy retracement looks to test new highs. Resistance: 9.7 Support: 8.9 Good luck to all PX traders

MER = 80.5 ( 2.4% ) After breaking the bullish demand line MER continues to form lower highs and lower lows... looks like MER is trying to look for a support level. Careful MER traders... Resistance: 32, 130, 65MAs Support: 75.5 (?)

PA = 0.22 ( -6.4% ) Bought PA at 0.24 with my brand new broker :) thank you broker M :) PA formed black candle but with a higher high and higher low. Momentum might still be bullish but not as strong as was first indicated by a long white candle. 32 MA acting a support. Resistance: 0.24/0.28 Good luck to all PA traders!

Bought PA at 0.24 today...

Sold I at 5.6 looks like heavy volume at 5.7/5.8/5.9 Got GEO at 2.85, got some more at 2.8, got some more at 2.75... will get more if close above 2.8... might post GTC at 2.75... nako... na in love yata ako kay GEO GEO higher high, possible break of resistance at 2.8, volume needs to be bigger that 158M RLC higher high, forming support at 20.5, possible break of resistance at 21 AC higher PX lower low SM lower low MER lower low, possible break of demand line, support at 82 COL lower low MBT lower low ALI lower low IPVG lower low, possible break of support PA higher high

OMW2 = 0.011 ( 15.8% ) OMW2 seems to be forming an aggressive demand line, hopefully it will test previous high of 0.015 Resistance 0.011/0.015 Support: 0.085/0.08 Good luck to all OMW2 traders!

SM = 402.5 ( 0.6% ) SM seems to be consolidating and forming at support at 402.5, i hope this support holds :) Ressitance: 410/417.5 Support: 402.5 (hopefully)/390 Good luck to all SM traders!

OM = 0.015 (0.0%) OM formed higher high and higher low to test resistance at 0.015. Starting to become bullish? Resistance: 0.015 Support: 0.013 Good luck to all OM traders!

NI = 26 ( 11.8% ) NI formed a white candle with big volume to test resistance at 27. Resistance: 27 Support: 23.5 (?); 32MA Good luck to all NI traders!

GEO = 2.7 ( 1.9% ) GEO still consolidating and testing resistance at 2.8 Might be a buy when it breaks resistance Resistance: 2.8 Support: 2.5 Good luck to all GEO traders!

PNX = 8.6 ( 6.2 ) PNX gap up to close at 8.6 with significant volume. Might test resistance at 9. Resistance: 9 Support: 8.5/8.3 Good luck to all PNX traders

RLC = 20.5 ( -2.4% ) RLC higher low but lower high. Looks like there is resistance at 21. Resitance: 21 Support: 19.75

PSEi = 3185.22 ( -1.2% ) PSEi seems to be forming an aggressive supply line and formed a lower low and lower high yesterday. Support: 3775/3776 Resistance: 3861/3896 NY oil price bursts through record $88 Agence France-Presse Last updated 00:53am (Mla time) 10/17/2007 http://business.inquirer.net/money/breakingnews/view_article.php?article_id=94884 US stocks tumble as oil prices shoot up Agence France-Presse Last updated 07:20am (Mla time) 10/17/2007 http://business.inquirer.net/money/breakingnews/view_article.php?article_id=94931 10-yr T-bond rate drops to 7.113% By Michelle Remo Inquirer Last updated 05:01am (Mla time) 10/17/2007 http://business.inquirer.net/money/breakingnews/view_article.php?article_id=94915 Exporters slash 2007 growth target Inquirer Last updated 04:05am (Mla time) 10/17/2007 http://business.inquirer.net/money/breakingnews/view_article.php?article_id=94907

GMAP = 8.6 ( 2.3% ) GMAP broke support of 8.8 and seems to be forming very aggressive supply line. Careful GMAP traders...

Got I-remit IPO listing today Citiseconline Target price: 7

MER = 86 ( 1.1% ) MER formed higher low but lower high compared to previous trading day's price action. Making MER's bullishness somewhat weaker. Note that the demand line remains intact. Also note that the 65 & 130 MAs are attempting to cross. Resistance: 87/88 Support: 32MA Good luck to all MER traders! High Court favors Meralco in P107M overpayment tax case By Tetch Torres INQUIRER.net Last updated 05:42pm (Mla time) 10/16/2007 http://business.inquirer.net/money/breakingnews/view_article.php?article_id=94814

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...

NI on the move? among most active and among top gainers :) target of 30? PNX on the move? among top gainers PX higher high and higher low :) continuing bullishness :) if close near high might be signal to buy more :) GEO testing resistance at 2.8 :) buy at break of resistance with volume LOTO most active EDC higher high and higher low :) might test resistance at 7.8 :) might be a buy at break of 7.8

Sold some MER at 87 Bought PX 9.3 at close

EDC = 7 ( 2.8% ) EDC broke the steep demand line it formed to reach a new all time high to look for support. It may seen that it may have found it. It may seem it bounces from a support made by the recent gap up. Applying fibonacci retracement, EDC has retraced to almost 50% of its recent rally or uptrend, which may not be a healthy correction. 32, 65, 130 MAs are all trying to track the steep climb of EDC. Resistance: 7.8 Support: 6.9 (hopefully...) Good luck to all EDC traders! Note: if EDC forms a reversal pattern, hopefully a bullish engulfing it may be considered a buy...

GMAP = 8.9 ( 1.1% ) GMAP continuing its slip and looking for support. Likely to test support at 8.8. Needs to form a reversal to signal a possible buy and hopefully enough momentum to test and break the resistance at 9.6 32MA acting as a resistance level. Good luck to all GMAP traders!

FLI = 1.84 (0.0%) FLI bounces from a likely support and forms higher low and higher highs hopefully to test the recent high of the rally or uptrend at 1.96. 130MA acting as resistance. 65MA acting as immediate support. 32MA acting as support and hopefully on its way to cross the 65MA. Resistance: 1.96 Support: 1.74 Good luck to all FLI traders!