Technical Insider

MEG = 2.6 (12.1%) MEG formed a gap up white candle. Volume decreased. MEG moved above possible supply or resistance line. Bullish. MEG on its way to test 32MA. MEG RSI testing resistance line. Bullish. MEG about to hit parabolic SAR to signal possible rally or uptrend. Bullish. Good luck to all MEG traders!

MEG = 2.7 ( 1.9% ) MEG a white candle. Volume decreased significantly. MEG seems to be forming an aggressive demand line. I hope this holds :) Good luck to all MEG traders!

MEG weekly formed a white candle with lower low and lower high. MEG weekly seems to have formed a bullish hammer. This reversal pattern will be confirmed if MEG weekly manages to form higher lows for the succeeding weeks. I hope it does :) note: on March 2007, MEG weekly shows previous respect to formation of bullish hammer I hope that MEG again respects the formation of the bullish hammer :) Good luck to all MEG traders!

Local property giant Megaworld Corp. will put up "the most expensive" residential project at the heart of the country's foremost central business district in Makati City. "We are ready to launch a P5.5-B, high-end residential condominium building at a pivotal crossroads on the financial section of the Makati CBC," said Megaworld chairman Andrew Tan. "For a single-tower project to be valued at P5.5 B, that makes it the most expensive project of its kind anywhere in the country," he pointed out. Megaworld's residential tower will rise above the junction of Sen. Gil Puyat Ave. extension and Ayala Ave. in Salcedo Village, Makati. The site was formerly occupied by a Shell gasoline station. "That location is known as the 'choicest' intersection in the Makati business and financial district. It positions our project right next to some of the most prestigious business landmarks in the country," said Tan. The project will be marketed as On...

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, ...

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...