StockWatch (Feb 26- Mar 2): PX, LCB, TBGI

PX (Chart: Daily Resistance: 4.70/4.80 Support: 4.25/4.15)

PX broke out from an ascending triangle. Target price of 4.80 is near as price went up as high as 4.65. Recommendation: If a short pull back happens, buy.

LCB (Chart: Daily Resistance: 0.39 Support: 0.32)

LCB had a large volume last Friday. Although, there is no area pattern that it broke out from, this might be a break of the down to sideways movement that it has been in since June 2006. At current, the stock is overbought and we may see down to sideward movement for this week. If the stock still pushes beyond 0.40, expect resistance at that level up to 0.45 as this is the price level where a lot were stuck since last year. If incase the 0.45 is broken, this is an indication that this stock is now on an upward move as the 0.45 price level is the long standing resistance of a downward channel since Jan 2005. Recommendation: Catching the stock at this price level would be too risky as the resistance of 0.40 is near. If you are a daredevil trader, try catching the stock at 0.37 and quickly sell at 0.40 for a 6% profit. Otherwise, wait for a pull back of price and then evaluate you entry. Currently MACD is above zero line and opening upward, which means this is a candidate for long term trading.


TBGI (Chart: Daily Resistance: 2.8/3.2/3.35 Support: 2.6/2.34)

No area pattern for TBGI. Volume just caught my attention. Price movement during the last 3 days had large volume and may be the start of price breaking out of the sidewards movement from Jan 2007. This stock has the potential of reaching 4.0 level, but may have to fight its way up as a lot might have been stuck at 2.8-4.0 level. Positive sign is the MACD which is approaching the zero line. Hopefully the MACD crossing above zero line may bring in more volume for it to be able to battle its way to 4.0 level. Recommendation: Buy, however watch out for the resistance levels along the way. If there is low volume on its way up, start cashing in.

In Retrospect : ASIA, COL, APC, UPM

ASIA

ASIA went up for another day before the sell down. The possibility of a flag or pennant formation fizzled out .

COL

COL seem to have successfully broken the pennant formation and has reached the target price at 7.5.

APC

APC retested support and seems to be on a sideward movement for the moment. Might have established support at 0.41. If price moves below 0.41, sell.

UPM

The possible symmetrical triangle was invalidated as price went to as low as 0.68. Price formation transformed to either a downward channel or a slender symmetrical triangle.

StockWatch (Feb 19-23): ASIA, COL, APC, UPM

ASIA (Chart: Daily Resistance: 13 Support: 10.25)

ASIA maybe forming a flag or a pennant. The pole is already formed; we just have to wait for the flag or pennant. Recommendation: Wait for 3 days to see if a flag or pennant forms

COL (Chart: Daily Resistance:6.2 Support: 5.6 )

COL may be forming a flag or pennant also. The pole has been formed and we just have to wait for the formation of the flag or pennant. Recommendation: Wait for 3 days to see if a flag or pennant is formed

APC (Chart: Daily Resistance: 0.47 Support: 0.40)

APC seem to have broken from a symmetrical triangle in the last minute. A possible upside of 0.58. Recommendation: Buy near support. Price may re-test support before moving upwards again.

UPM (Chart: Daily Resistance: 0.80 Support: 0.72)

UPM still has its symmetrical triangle intact. Possible upside of P1.00. Recommendation: Wait for the break out. At this point the price should bounce up. If not, this means a prolonged symmetrical triangle. This is also a candidate for range trading. Buy at support, sell at resistance. If price move further down, sell at 0.70

In Retrospect : TBGI, RLT

TBGI

The stock still continued to trend slightly down to side ways. MACD is still bullish and support is still not broken. Recommendation: Sell when support at 2.26 is broken.

RLT

RLT went to as high as 0.86 and it is currently moving sideways. MACD is still bullish, but RSI is on the oversold level. Price may continue to move slightly down to sideways before pushing towards 0.90 again. Recommendation: Hold.

Stockwatch (Feb 12-16): TBGI, RLT

TBGI (Chart: Daily Resistance: 2.65/2.70/2.80 Support: 2.28/2.26)

TBGI does not have any patterns involved, but what attracted my attention was the increase in volume. Hopefully this will be a break of its sideways movement with a possible upside of 2.70 up to 3.35. Recommendation: Buy

RLT( Chart: Daily Resistance: 0.77/ 0.8/0.85 Support: 0.74/0.70/0.64)

RLT seem to have broken out of s symmetrical triangle. It gapped up twice, hitting a high of 0.76. Possible upside of up to 0.90. But observe the resistance levels. Recommendation: Buy

In Retrospect : AEV, VUL, UPM, PLTL

AEV
I was wrong with AEV with its support line. The stock went to as low as 7.70 before bouncing up. As of now 7.70 looks like a strong support for this stock. Watch out for a move upward towards 9 for this stock

VUL
I was wrong again with the support level for this stock. The stock went as low as 1.44 and a high of 1.54. But the symmetrical triangle is still intact.

UPM
UPM broke resistance, but the volume was not sufficient and the price went back in the triangle. It had a gap down Monday trading and may possibly test support at 0.70

PLTL
Had a valid break out, but the price went back in the ascending triangle. Succeeding days saw sell down of the stock with volume. Expect for prices to still move downward if 6.80 support doesn’t hold

Advisory: StockWatch for Feb 12-16 Will be uploaded later

Will post the analysis later. Forgot to do my analysis due to colds.

StockWatch (Feb 05-09): AEV, VUL, UPM, PLTL

AEV( Chart: Daily Resistance: 8.80/9.00/9.40 Support: 8.10/8.00)

AEV may be forming a symmetrical triangle, but it is still too early to confirm this, but at this point AEV is a candidate for range trading. Recommendation: Buy near 8.10. Sell when it goes below support. If a bounce from support happens this week, be on the look out for selling opportunities at 8.80 up to 9.40, these price levels may form resistance.

VUL (Chart: Daily Resistance: 1.58/1.64 Support: 1.50)

VUL is forming a symmetrical triangle with resistance at 1.64. The possible target is at 2.00. Recommendation: Buy. Sell if price went below 1.50. Watch out for resistance at 1.68 and 1.80

UPM(Chart: Daily Resistance: 0.77 Support: 0.70)

UPM is also forming a symmetrical triangle with resistance at 0.77. Possible target price of 0.90 and above. Recommendation: Buy on break out.

PLTL (Chart: Daily Resistance: 6.80/6.90 Support: 6.50)

PLTL is forming an ascending triangle with resistance at 6.80. At this point if the resistance is broken without volume, a bigger ascending triangle at 6.90 is a possible area pattern to break out from. Recommendation: Buy on break out.

In Retrospect : URC, MWC, TEL, PCOR

URC
URC broke the support at 18.50 and went to as low as 18 before closing at 18.25. Recommendation: Observe, price may either move sideways or down.

MWC
Broke out of a falling wedge, but it still needs to break out from the 65 day MA at 9.40. Target price is at 11. Recommendation: Buy, but be on the look out for the resistance at 9.40

TEL
TEL challenged the support at 2610 and went as low as 2570. Price may still go to as low as the next support at 2550. But price may bounce up from support within the week.
Recommendation: Buy near 2550, sell if it goes below support

PCOR
PCOR went to as high as 4.70 with very high volume. If this is a continuation of the break out last Jan 17, then the 4.70 target price has been reached.