Philippine Stock Exchange Index (PSEi) Update -May 30, 2014

Technical View
Daily Chart
> Looks like the Median Line of Andrew's Pitchfork (Yellow Green Line) is supporting the downside. Further support is seen at 6630 (Top of the Kumo or Cloud of Ichimoku).

Relative Strenght Index (RSI) - Based on 30-Day Period> RSI is currently at 52.07

> RSI is currently at 50.86.

> Support is seen at 50.14 (113.0% Fibonacci Extension).

Weekly Chart

> It seems that the Tenkan Sen of Ichimoku is supporting the PSEI. Further support is seen at 6482 (Top of the Kumo or Cloud of Ichimoku) and 6300 (Kijun Sen of Ichimoku) and Lower Median Line of Andrew's Pitchfork.

Relative Strenght Index (RSI) - Based on 30-Day Period> RSI is currently at 52.07

> RSI is currently at 55.23.

> Support is seen at 52.19 (23.6% Fibonacci Retracement Level).

Philippine Stock Exchange Index (PSEi) Update -May 29, 2014

Technical View
Daily Chart
> Weaker than expected Q1 GDP downs market sentiment, PSEi falls 1.64% or 111.21 points.
> Support is seen at 6650 (50MA) and Median Line of Andrew's Pitchfork (Yellow Green Line).

Relative Strenght Index (RSI) - Based on 30-Day Period> RSI is currently at 52.07
> The 100% Fibonacci Retracement Level and Median Line of Andrew's Pitchfork is seems to be supporting the downside. Further support  at 50.14 (113% Fibonacci Extension).

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Philippine Stock Exchange Index (PSEi) Update -May 28, 2014

Technical View
Daily Chart
> Looks like the 25MA is supporting the PSEi. Further support is seen at Hagopian Line/Trigger Line (Blue Line).
> Resistance is at Lower Median Line of Andrew's Pitchfork (Red Line).

Relative Strenght Index (RSI) - Based on 30-Day Period

> RSI is currently at 57.11
> The 61.8% Fibonacci Retracement is seems to be supporting the downside.
> Resistance at Hagopian Line. (Red Dotted Line)

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Holcim Philippines, Inc. (HLCM) - May 25, 2014

Weekly Chart
Technical View
> Looks like HLCM is forming a Possible Bearish Deep Crab Harmonic pattern with Potential Reversal Zone (PRZ) at 18.50 to 20. The PRZ also coincides with the Upper Median Line of Andrew's Pitchfork.
> Resistance is seen at 15.53 (88.6% Fibonacci Retracement level).
> Support is at 14 (50MA).

Relative Strength Index (Based on 30-Day Period) 
> RSI is currently at 54.65.
> Resistance is seen at 54.67 (50.0% Fibonacci Retracement level). Further resistance at 56.73 (61.8% Fibonacci Retracement level).

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Puregold Price Club, Inc. (PGOLD) Update - May 22, 2014

Technical View
Weekly Chart
> Looks like PGOLD found support at 61.8% Fibonacci Retracement Level.
> It seems that the Hagopian Line (Blue Dotted Line) is supporting the downside.
> Resistance at 42.25 (50% Fibonacci Retracement Level). Further resistance at 43.73 (38.2% Fibonacci Retracement Level).

Relative Strenght Index (RSI) - Based on 30-Day Period
> RSI is currently at 52.14.
> Support at 78.6% Fibonacci Retracement Level.

> Resistance at 61.8% Fibonacci Retracement Level.

Previews analysis of PGOLD http://fibonaccitrader618.blogspot.com/2014/05/puregold-price-club-inc-pgold-may-19.html

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Philippine Stock Exchange Index (PSEi) Update -May 22, 2014

Technical View
Daily Chart
> PSEI is up by 68.20 or 1.01%.
> It seems that PSEi found support at 25MA.
> Resistance is seen at Lower Median Line of Andrew's Pitchfork (Blue Dotted Line).

Relative Strenght Index (RSI) - Based on 30-Day Period

> RSI is currently at 59.18.

> The 61.8% Fibonacci Retracement is seems to be supporting the downside.

> Resistance at Hagopian Line. (Yellow Green Dotted Line)

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LT GROUP, INC. (LTG) - May 20, 2014

Technical View
Daily View
> It seems that LTG found support at  Median Line of Andrew's Pitchfork.
> GAP Filled at 14.62.
> Lets see tomorrow if the Median Line of Andrew's Pitchfork will be respected and hopefully  will see a  rebound.

Relative Strenght Index (RSI) - Based on 30-Day Period
> RSI is currently at 33.78. Support at 30.
> The Upper Median Line of Andrew's Pitchfork is acting as support.

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Puregold Price Club, Inc. (PGOLD) - May 19, 2014

Technical View
Daily Chart
> Last May 13, 2014, PGOLD completed the Bearish Alt Bat Harmonic Pattern. The PRZ coincides also with the Median Line of Andrew's Pitchfork.

Weekly Chart
> Looks like the 50% Fibonacci Retracement (42.25) is supporting the downside. Further support is seen at
50MA (41.44) and Hagopian Line  of Andrew's Pitchfork.

Relative Strenght Index (RSI) - Based on 30-Day Period
> RSI is currently at 52.59.
> Support is at 50.

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Philippine Stock Exchange Index (PSEi) Update -May 18, 2014

Technical View
Daily Chart
> Looks like the Lower Median Line of Andrews Pitchfork (Blue Dotted Lines) is supporting the downside. Further support is seen at  Lower Median Line of Andrews Pitchfork (Red Lines).

Relative Strenght Index (RSI) - Based on 30-Day Period
> RSI is currently at 60.78
> Support is seen at Hagopian Line/Trigger Line (Yellow Green Dotted Line).

Click Here for my previous analysis.

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Double Dragon (DD) Update - May 16, 2014

Technical View
Daily Chart

"Real Bulls Must Rest Every Once In A While. They don't just run straight up nonstop. Like athletes training for the Olympics, they need to take a breather every now and then. So they rest a little and dip a little, but in the end they keep heading higher".- Lauren Rudd

> It seems that DD found  resistance at 10.

> The 23.6% Fibonacci Retracement Level (@8.20) and 23.6% Fibonacci Fan is supporting the downside. Further support  at the following: 

  @7.10 or the 38.2% Fibonacci Retracement Level and Fan.

  @6.20 or the 50.0% Fibonacci Retracement Level and Fan.

  @5.30 or the 61.8% Fibonacci Retracement Level and Fan.

> Beware also that there is still a GAP between 3 to 3.50 area. Take note that this will be filled in the future.

> Relative Strength Index or RSI is at 90.51 (based on 14-Day Period) which is extremely overbought.

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Double Dragon (DD) Update - May 16, 2014 10:00AM

Technical View
Hourly Chart
> DD found resistance near the 127.% Fibonacci Extension (10).
> Found Support at 70.7% Fibonacci Retracement Level (9.47).
> Bearish Evening Star CandleStick.

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Philippine Long Distance Telephone (NYSE:PHI) Update - May 15, 2014

Technical View
Daily Chart
> PHI completed a Bearish ABCD Harmonic Pattern.
> False Breakout from Upper Median Line of Andrew's Pitchfork.
> Support at 50% Fibonacci Retracement Level. Further support is seen at 61.8% Fibonacci Retracement Level and Median Line of Andrew's Pitchfork.
> RSI is currently at 59.83 (Based on 30-Day Period). Support at 50.

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Double Dragon (DD) - May 15, 2014

Technical View
Hourly Chart
DD made again another high today. There are two possible scenarios that might happen tomorrow (May 16, 2014).

First Scenario
It will continue to go up and might find resistance at 11.29 the Potential Reversal Zone of a Possible Bearish ABCD Harmonic Pattern.

Second Scenario
It will  to go down and might find support at 7.97 the Potential Reversal Zone of a Possible Bullish Bat Harmonic Pattern.

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Philippine Stock Exchange Index (PSEi) Update -May 14, 2014

Technical View
Daily Chart
> It seems that PSEi found resistance at Median Line of Andrew's Pitchfork (Blue Dotted Line).
> The Median Line of Andrew's Pitchfork (Red Line) is supporting the downside. Further support is seen at 6830 and Lower Median Line of Andrew's Pitchfork (Blue Dotted Line).

Relative Strenght Index (RSI) - Based on 30-Day Period

> RSI is currently at 64.

> The Lower Median Line of Andrew's Pitchfork is acting as support. Further support is seen at Hagopian Line/Trigger Line (Yellow Green Dotted Line).

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Puregold Price Club, Inc. (PGOLD) - May 14, 2014

Technical View
Daily Chart
> Looks like PGOLD is forming a Possible Bearish Alt Bat Harmonic Pattern  with Potential Reversal Zone (PRZ)  at 49.If the Bearish Alt Bat will not materialize there is a bigger pattern that is forming which is a Possible Bearish Crab with PRZ at 54.61.
> Looks like the Median Line of Andrew's Pitchfork is serving as resistance.
> Support is at 47.50 ( 100% Fibonacci Retracement Level).

Relative Strenght Index (RSI) - Based on 30-Day Period

> RSI is currently at 63.50.

> Resistance at 63.91 (100% Fibonacci Retracement Level).

> Support at 60.82  (88.6% Fibonacci Retracement Level).

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Lopez Holdings Corporation (LPZ) - May 12, 2014

Technical View
Daily Chart
> It seems that LPZ is forming a Possible Bearish Deep Crab Harmonic Pattern with Potential Reversal Zone (PRZ) at 5.65.
> The  61.8% Fibonacci Retracement Level (4.60) and 50MA is acting as resistance while the 50% Fibonacci Retracement Level (4.48) is serving as support.

Relative Strenght Index (RSI) - Based on 30-Day Period
> RSI is currently at 50.18.
> 127% Fibonacci Extension is acting as resistance and 113% Fibonacci Extension is serving as support.

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San Miguel Corporation (SMC) - May 11, 2014

Technical View
Daily Chart
> Looks like SMC is forming a Potential Bearish Shark Harmonic Pattern with PRZ at 118.22.
> It seems that SMC is forming  a Cup and Handle. The possible  target of Cup and Handle coincides with the PRZ of Potential Bearish Shark.
> Resistance at 87 and support at 80.

Relative Strenght Index (RSI) - Based on 30-Day Period

> RSI is currently at 62.97.

> RSI just completed Bearish Crab Harmonic Pattern.

> 60.14 or 100% Fibonacci Extension is acting as support while 64.59 or 113% Fibonacci Extension is serving as resistance.

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Philippine Long Distance Telephone (NYSE:PHI) - May 8, 2014

Breakout from Upper Median Line of Andrew's Pitchfork.

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Philippine National Bank (PNB) - May 8, 2014

Technical View
Weekly Chart
> Looks like PNB is forming a Potential Bearish Gartley Harmonic Pattern with PRZ at 105.87. The PRZ coincides with the Median Line of Andrew's Pitchfork.
> Support at 91 (50% Fibonacci Retracement).
> Resistance at 97 (61.8% Fibonacci Retracement).
Relative Strenght Index (RSI) - Based on 30-Day Period
> RSI is currently at 54.24.

> Looks like a Possible Bearish Bat Harmonic Pattern with PRZ at 65.15 is forming.
> Resistance at 55.31  (50% Fibonacci Retracement) and Lower Median Line of Andrew's Pitchfork.

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Energy Development Corporation (EDC) - May 7, 2014

Technical View
Weekly Chart
> It seems that EDC is forming a Possible Bearish Deep Crab Harmonic Pattern with Potential Reversal Zone (PRZ) at 7.
> The 88.6% Fibonacci Retracement is supporting the downside. Further support is seen at 50MA.
> Resistance at 100MA and 200MA.

Relative Strenght Index (RSI) - Based on 30-Day Period
> RSI is currently at 50.92.
> Support at 49.56 (127% Fibonacci Extension).
> Resistance at 51.22  (141% Fibonacci Extension). Further Resistance at 53.68 (161.8% Fibonacci Extension).

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iShares MSCI Philippines ETF (EPHE) - May 6, 2014

Technical View
Daily Chart
> EPHE found resistance at 88.6% Fibonacci Retracement and Lower Median Line of Andrew's Pitchfork.
> The latest candlestick is a Gravestone Doji which is as Bearish Sign.
> Looks like EPHE is forming a Possible Bullish ABCD Harmonic Pattern with Potential Reversal Zone (PRZ) at 34.42.
> Support at 35.69 or the 38.2% Fibonacci Retracement level and Hagopian Line (Blue Dotted Lines) of Andrew's Pitchfork.

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Century Pacific Food, Inc. (CNPF) - May 6, 2014

Technical View
One Minute Chart
> Century Pacific Food, Inc. (CNPF) opened at P15.50 per share and hit as high as P16.04 (16.7%) before closing at P15.20. The company's closing price was up 10.5% from its initial public offering (IPO) price of P13.75.
> Check  the Evening Doji Star after reaching 16.04 high.
> Looks like a Possible Bearish Gartley Harmonic Pattern was forming with PRZ at 15.80.
> Support at 15. Resistance at 15.25 (23.6% Fibonacci Level), 15.40 (38.2% Fibonacci Level), 15.52 (50.0% Fibonacci Level) and 15.64 (61.8% Fibonacci Level).
> RSI is currently at 28.47 (Based on 30-Day period).

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Ayala Corporation (AC) - May 6, 2014

Technical View
Daily Chart
> It seems that Ayala Corporation is forming a Possible Bearish Deep Crab Harmonic Pattern with Potential Reversal Zone (PRZ) at 644. The PRZ also coincides with 38.2% Fibonacci Fan.
> The 141% Fibonacci Extension (626.44) is serving as resistance.
> Support is seen  at 50% Fibonacci Fan and 127.2 Fibonacci Extension (614.85).
> RSI is currently at 61.32 (Based on 30-Day Period). Resistance at 63.

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Emperador Inc. (EMP) - May 5, 2014

Technical View
Daily Chart
> EMP completed the Bearish Crab Harmonic Pattern with PRZ at 12.89. The PRZ also  coincides with 161.8% Fibonacci Time Extension.
> The 50MA is seems to be supporting the downside. Further support is seen at 200MA and 100MA.
> RSI is currently at 50.58 (Based on 30-Day Period).

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GT Capital Holdings, Inc. (GTCAP) - May 5, 2014

Technical View
Daily Chart
> Looks like the 88.6% Fibonacci Retracement Level  PRZ of Bearish Bat Harmonic Pattern is supporting the downside. If the price will hold at this level GTCAP might reach 924 the  PRZ of a Possible Bearish Alt Bat Harmonic Pattern.
> The Median Line of Andrew's Pitchfork is acting as resistance. Further resistance is seen at (899) 100% Fibonacci Retracement Level.
> RSI is currently at 65.73 (Based on 30-Day period). Resistance at 70.

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ABOITIZ POWER CORPORATION (AP) - May 4, 2014

Technical View
Daily Chart
> AP just completed Bullish Gartley Pattern. (Credit to this blog http://chamberongtrader.wordpress.com/2014/04/29/ap-daily-4292014-bullish-gartley-pattern).
> The 61.8% Fibonacci Fan is acting as support.
> Resistance at (38.27) 38.2% Fibonacci Retracement,(39.10) 50.0% Fibonacci Retracement and (39.93) 61.8% Fibonacci Retracement.
> GAP between 39.85 to 38.90. (To be sealed in the near future)
> Bullish Divergence
> RSI is currently at 46.17 (Based on 30-Day Period).

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MEGAWORLD CORPORATION (MEG) - May 4, 2014

Technical View
Weekly Chart
> MEG encountered resistance at Upper Median Line of Andrew's Pitchfork  and 127.2% Fibonacci Extension.
> Support is at (4.49) 113.0% Fibonacci Extension. Further support at (4.29) 100.0%  Fibonacci Extension and at Median Line of Andrew's Pitchfork.
> RSI is currently st 65.29 (Based on 30-Day Period).                                                                              

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Mining and Oil Index - May 4, 2014

Technical View
Daily Chart
> Mining and Oil Index found resistance at 224.0% Fibonacci Extension. Further resistance is seen at 16357 or the 261.8% Fibonacci Extension and Median Line of Andrew's Pitchfork.
> Support is at 15846.80 or the 200% Fibonacci Extension.
> RSI is currently at 71.96 (Based on 30-Day Period). RSI is already on Overbought Level.

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Philippine Stock Exchange Index (PSEi) Update -May 1, 2014

Technical View
Week Chart
> Looks like PSEi is forming a Possible Bearish Deep Crab Harmonic Pattern with Potential Reversal Zone (PRZ) at 7506.
> It seems also that the price already  breaks the neckline of Inverse Head and Shoulder. The target of the Head and Shoulder is in confluence with the PRZ of Bearish Deep Crab and Upper Median Line of Andrew's Pitchfork.
> PSEi must break first the 6800 and 7000 level to continue with the Possible Bearish Deep Crab. 
  The index might correct if it fails to break the resistance.
> RSI is currently at 57.10 (Based on 30-Day Period). Resistance at 59.

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Jollibee Foods Corporation (JFC) - May 1, 2014

Technical View
Daily Chart
> JFC respected the PRZ of a Bearish Bat Harmonic Pattern and found support at 50MA. PRZ might retest again. The PRZ is important resistance level if it's broken we might have a run until 197.66 the PRZ of a Possible Bearish Crab Harmonic Pattern.
> The 38.2% Fibonacci Fan is in confluence with the PRZ of a Possible Bearish Crab Harmonic Pattern.
> Hidden Bullish Divergence
> Resistance is at 20MA then 176.50 (88.6% Fibonacci Retracement Level) and 61.8% Fibonacci Fan.
> RSI is currently at 52.39 (Based on 30-Day Period). Resistance  at 58.

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