$FNI: What Does The Chart Tell Us?

$FNI: What Does The Chart Tell Us? $FNI as of 15 April 2016 closed at 0.88.  In a bigger time-frame, the stock forms a descending triangle. “The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern. There are instances when descending triangles form as reversal patterns at the…

$AGI: Interesting Long-Term Chart

Alliance Global Group, Inc. ($AGI) last traded price as of 30 March 2016 is 17.02. Here’s the interesting chart of AGI, in a 10-year period, using the weekly timeframe: As can be shown above, the stock is approaching a very strong resistance channel line at 17.40 to 17.42 area, which if successfully penetrated or broken,…

Stock In Focus: Melco Crown (Phils) Resorts ($MCP)

Melco Crown Philippines Resort (MCP) last traded price as of 24 Feb 2016 reached 2.07 from the previous price action of 1.98. At a quick glance using Ichimoku Kinko Hyo indicator: With the current price, short term trend becomes bullish with the last candle which is sitting at the support around the Senkou Span A…

Stock In Focus: SSI Group Inc. ($SSI)

The specialty retail store arm of Rustan, SSI Group Inc. (known as $SSI) had an IPO at P7.50 per share last November 2014.  Two investors had a big chunk of the share like GSIS and BPI.  The company, which includes Stores Specialists, Inc. as part of its group, retails 103 international brands including Hermès, Prada,…

$LC Is Approaching A Major Resistance

Lepanto Consolidated Mining A ($LC) is on major resistance at 0.33 in a weekly chart. Will the bulls’ strength overpower the bears?  For the past 5 days, volume has increased as the price of gold in the world market has dramatically shoot up. Considering that this is the major resistance, selling pressure is concentrated in…

Stock In Focus: Emperador Inc. ($EMP)

Emperador Inc ($EMP) Based on pse disclosure: Grupo Emperador Spain S.A., a company owned by Emperador, Inc., said  it has reached an agreement with Beam Suntory to acquire the company’s Spanish brandy and sherry business with an all-cash offer of 275 million euros or P13.8 billion. The acquisition further strengthens Emperador’s dominant position as the…

Stock In Focus: LT Group Inc. (LTG)

Philippine Stock Exchange Index (PSEi) as of 13 November 2015 is in negative territory.  In a daily chart, the last traded price as of 13 Nov 2015 is 6897.77 which is bearish as per ichimoku elements.  The next support level is near 6862. In weekly chart, trend strength is down and weak. The next support…

Stock in Focus: Phoenix Semiconductor Phils (PSE:PSPC)

Phoenix Semiconductor Phils (PSE:PSPC) last traded price as of 10 July 2015 is 2.13. In a bigger pattern, $PSPC is forming triangle pattern which broke the resistance at 2.10. The following bullish signs as of 10 July 2015: 1. MACD line has already crossed above the signal line while stochastics also indicate bullishness. 2. Based…