Inretrospect (April 23-27,2006) PHISIX,DMC,PX/PXB

PHISIX

On my last analysis, I expected PHISIX to correct and it did the past week. It plunged to the support level of 2225. What I did not expect was for it to bounce back and break the resistance at 2260, the previous week’s high. I guess a lot are still bullish.

DMC

In my last analysis, I expected a correction and it did happen for only a day with a significant expansion on the downward movement. But a lot are still bullish with this stock that it had 2 consecutive gap up on the middle of the week accompanied by large volume. I’d like to conclude that the highest level can be considered as an island reversal, but the volume suggests otherwise. I still maintain a cautious stance on this stock, as it is still very much overbought.

PX/PXB

Looks like this stock is now confirmed to be on its way down. RSI still confirms an overbought level and MACD has started to move down the signal line. I still would like to maintain a cautious stance on this stock.

Bret The Hitman Hart Rules!!!

It has been a long…long….loooong….time since I watched a wrestling match. Believe me, it was too long that the last time I could remember, I was still rooting for Bret the Hitman Hart, the BushWhackers were still battling it out against the Demolition team and WWE was still called WWF. I got re-aquainted again with wrestling this past holy week coz a nephew of mine was fanatically watching Wrestle Mania 22. Ofcourse not to my surprise, Bret is now just in the annals of wrestling history together with the Ultimate Warrior. But what surprised me most was that the Hulkster was still performing, still clad in the signature red and yellow costume (not to mention the kungfu master mustache and beard). He sure doesn’t know when to retire.

There were still some old faces from the yester years that I could identify like the Under Taker (just had a 14-0 stat in the casket match =p ),Shawn Michaels, Vince McMahon, Rowdy Piper(yes..the Rowdy Roddy skirt wearing Piper). The rest are new to my ears.

StockWatch (April 24-28, 2006) PHISIX, DMC, PX/PXB

PHISIX(Chart:Daily ** Support : 2220-2240** Resistance: 2390)

PHISIX is near the red line as RSI approaches the 80level. It may still kick up some points but I expect a correction any time this week as I have observed that a lot of stocks has already reached overbought level.

DMC (Chart:Daily ** Support: 3.6 ** Resistance: 4 )

This stock is dangerously on the red line. It has now reached above the 80 RSI overbought level, so I expect that by this week a correction would occur. Price may head down to the 3.6 level.



PXB/PX(Support: 3.4 Resistance: 4.3)

PXB/PX has started to move downwards from the overbought level. I expect support at 3.4 near the 61.8% Fib Retracement.

StockWatch(Mar 27 – 31, 2006) PHISIX, PCOR, MBT

PHISIX(Chart:Daily ** Support: 2170-2160**Resistance: 2,215)

Looks like PHISIX will try to correct by this week. We’ve had a unceasing run up for 2 weeks, and a lot of stocks has broken above their resistance lines. We may see the Phisix correct down to 2170-2160 as profit taking may take place next week. It is interesting to note that 2170 was last years high and we have already broken above it. Overall Phisix is still bullish, but a correction is due.



PCOR (Chart:Daily**Support: 4.40 ** Resistance: 4.60)

PCOR was one of the disappointments for last week. I was expecting this to take off but instead it pulled back. But not to despair there is still a future for this stock. I think we have a strong support at 4.40 as this has been the support since late Feb and as indicated by the RSI, which is about to reach the low of the month so I expect strong buying at that level. The level would be good price level to enter if you’re betting on range trading. The upward battle might be hard; we have the 65-day MA blocking the way at 4.60 and MACD is not looking good. If 4.40 do prove to be a strong support once again, the break above the 65-day MA is still a possibility. My bet, 4.40 would hold as support and by near the end of the week it may cross above the 65-day MA.



MBT (Chart:Daily ** Support: 38/36** Resistance: 40/40.50)

Looks like MBT had a very good bull run for 2 months! That was amazing! But the alarm needs to be blown at this point. I see that the stock is now near the previous year’s resistance also during the same time period Feb-Mar. Is this a perfect example of “History repeats itself”? The MACD still looks good, but the RSI is indicating an oversold level. I couldn’t trust the MACD at this point because the previous year’s high also had a good looking MACD, but it started to dip after reaching the high. My bet is that this stock will still try to kick upward in maybe its last attempt to cash in. Then after that we may see a downward move near an immediate support of 36. A couple of disturbing patterns here, we have a rising wedge, which may dictate a price pull down to the 32 level and if it would pull down to that level, looks like were seeing a double top. Both are very bearish indicators. So take caution on this stock.

Inretrospect (Mar 19-24 2006) JGS, SMPH, MWC

JGS
Whoa!!! And the ball is out of this field!!! This stock turned mad bull and charged its way up unceasingly. In my last week’s analysis, the target price that I set was at 6.10, and last Friday it did reach our target price. Lucky are those who were able to ride the bull. Mang libre naman kayo! =p. You’d ask when would the upward movement end? Well ofcourse no one knows! Just practice your discipline and get out of that stock, coz it has already reached its target price. It may still kick up some fluctuations by Monday, but I wouldn’t bet a 100% on that as RSI is nearing oversold level. The stock is good for long hold, but ofcourse being a tsupitero, it is best to sell now, then buy later at a lower price when the price of the stock pulls back, then hold it if your really going for long.

SMPH
In my analysis last week, I’ve said that this week would be SMPH’s week, but I guess I was expecting a lot from this stock. I was expecting it to fly, but it did not, what happened was there was a lot of accumulation at 7.90. and it has for the whole week, tried to cross below the 65 day MA. MACD is now positioning itself to cross down, and its weekly and monthly MACD does not confirm a bullish trend that I was expecting. Looks like 8.0 has proven itself to be a strong resistance while 7.90 looks also like a strong support. Will it go down? Im not sure, but if next week is still characterized by accumulation at 7.90 level, we may still have a chance of breaking the 8.0 –8.10 level. If the support at 7.80 – 7.90 does not hold, we could expect price move down to 7.60

MWC
Nothing new here, as from my previous analysis, I was expecting accumulation at 6.40 and there was accumulation at that level. The only thing new was the 130-day MA catching up with the 6.40 support. MACD has now crossed below signal line, sign of things to come? My bet is that it would still be able to maintain the 6.40 support