Philippines Stock Exchange Index (PSEi) Monthly Chart – Still Bullish For The Long Term View

*Philippines Stock Exchange (PSEi) Long Term View is Still Bullish. This will only change to Bearish if the Upper Median Line of Andrew’s Pitchfork will Broken as Support. The bounced on 50ema suggest that PSEi just made a correction and it will continue it’s Bullish Trend.
*For the mean just wait for the breakout @ 7400 level or just trade the range while the consolidation  continues.

Rizal Commercial Banking Corporation (RCB) – Broken Trendline Retest

*Rizal Commercial Banking Corporation (RCB) made a return move to test the broken trendline after a Ascending Channel Breakout.
*Buy at current prices.
*Resistance levels are at 40.30, 43.80 and 47.50. Support levels are at 38.00, 36.00.

Manila Water Corporation (MWC) – Rectangle Pattern Breakout

*Manila Water Corporation (MWC) made a return move to test the support after a Rectangular Pattern Breakout.
*Buy at current prices to trade the breakout.
*Resistance levels are at 31.70, 32.30 and 33. Support levels are 31, 30.70 and 30.

Now Corporation (Now) – Ascending Channel

*Now Corporation (NOW) continues to move inside the Ascending Channel after it found support at the lower trendline of the channel. The price is also above the 100 Moving Average.
*Buy at current prices but expect a pullback to test the trendline support.
*Resistance levels are at 3.00 and 3.20. Support is seen at 2.70.

Apollo Global Capital, Inc. (APL) – Triple Top Pattern

*Apollo Global Capital, Inc. Dropped sharply after making a Triple Top Pattern and found heavy resistance at the Upper median Line of the Pitchfork.

*Sell/Avoid. Countertrend traders may try to buy on oversold levels and try selling on a rebound. 

*Support levels are 0.062, and 0.058. Resistance is seen at 0.070.

Lodestar Investments Holding Corporation (LIHC) – Bullish Gartley & Potential Bearish Shark

*Lodestar Investments Holding Corporation (LIHC) rallied after the completion of a Bullish Gartley and may be forming a  Potential Bearish Shark Pattern that aims to be completed at 1.65.
*Buy at current prices.
*Resistance levels are 1.30, 1.50 and 1.65. Support Levels are at 1.10 and 1.

STI Education System Holding, Inc. (STI) – Minor Bullish Trendline & 21 EMA Broken

•STI Education System Holding, Inc. (STI) dropped after the Minor Bullish Trendline & 21 Exponential Moving Average failed to hold as support.
•Sell/Avoid. Countertrend traders may try to buy on oversold levels and try selling on a rebound.
•The 21 Exponential Moving Average will now serve as resistance. Support is seen at 1.