Thanks to Everyone who tuned in today!
Bloomberg and where the market is headed.
I had a fun time talking about where the market is headed and some select stock picks! Hope the segment in Bloomberg helped you! I’ll try to update you with the link soon!
Here we go with your #StocksByRequest
For this week’s #StocksByRequest we have the most requested stocks that you have sent!
EDC, EMP, ALI, AC, AEV, AP, ABS, AGI, BPI, BDO, BLOOM, CNPF, CPG, DNL, DD, GLO, GTCAP, ICT, JGS, JFC, MWC and MRSGI
Please use these stocks as your reference! I hope you don’t just buy and sell blindly just because I say so. I hope you forge your own strategy and build your own technique!
Catch me in my live training events! (quick plug)
To those who want to take it a notch higher and want a good foundation in stock trading and investing. I would like to invite you to our live seminars in Metro Manila, Singapore, Australia, UAE, Cebu and Davao. The heart of why I do this seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! This is my passion and this is what I want to do over and over! To bring more consumers to investors! We will be teaching different techniques from how to select the right stocks up to how to find the perfect timing in buying and selling stocks.
Stock Smarts Manila — September 3 & 17, and October 1, 2016
AFP UAE — September 9 – 13, 2016
Stock Smarts Australia — October 15 & 16, 2016
Stock Smarts Cebu — October 28 & 29, 2016
Stock Smarts Davao — November 5 & 6, 2016
Stock Smarts Singapore – November 28 & 29, 2016
EDC
The stock has been sideways already for almost a year. Just moving from 5 to 6.3. For people with longer timeframes, the buying range is at 5.
Over the past 7 months though, the channel has started to get thinner with a range of 5.7 to 6.1. with a quick trade and buy at 5.7 and sell at 6.1. Representing a 7.1% gain if bought and sold.
The channel getting thinner may represent either an explosive breakout or breakdown. You have to watch 6.3 though, the stock wont go any higher if that resistance is not broken yet. Without that, the stock will just move sideways.
The stock is relatively oversold already for the short term and if the stock goes above 5.9, it now has a shot to go back to 6.3 again. For a quick trader, this may be a quick short term trade for you.
The stock is not yet trending up, no immediate moves needed for position traders.
EMP
Avoid the stock first. Wait for a breakout at 8 for the stock to have a stronger bullish conviction as of this point no evidence yet of a full reversal for the stock.
The stock also broke the uptrend and the support after it dropped the 7.65 price range. For it to have a chance to at least breakout, it must go back to 7.65 gain and hold that range. If that does not happen, the stock may correct again to 7.4 to as low as 6.9
ALI
The stock is still bullish for the long term. However its downward movement over the past few days was brought about by it breaking the mid term uptrend at 40.8 (this was a sell signal for mid term position traders).
It also broke the support at 40 last August 28. Unless ALI breaks both 40 and 40.8, expect that the stock can just move 37.8 to 40 over the next trading days.
If the stock fails to hold 37.8, it may correct lower to 35.45.
Stock indicators are still showing bearishness over the short term.
AC
The stock is also still correcting. Support is at 843. Let’s see if it holds that level. If not, the stock could drop to 779.
The mid term uptrend was over, once it broke the 876 price range.
Should the stock bounce from 843, the short term target price could be pegged at 908. This just represents a 4.3% trade.
AEV
If the stock fails to go back above 74.1, a correction to 67.4 is possible.
AP
The same as its parent company AEV, should the stock fail to go back above 45.7, it could also correct and drop back to its support at 43.1.
ABS
The stock is pretty much bearish for the mid to long term. Position traders avoid first. The stock must break 54.7 to have a shot to turn into a legit uptrend.
For quick traders, should the stock hold and stay above 49.4, you may opt to buy there and sell at 54.7. However please bear in mind that if it fails to hold past 49.4 a potential drop to 46. 2 is possible. So make sure to cut and manage losses if it fails to hold.
AGI
The stock broke out from the resistance at 16.25. It is currently progressing its movement upward and now it is at a crossroads as it faces a resistance at 16.85. Should the stock fail to break that level it may experience some selling pressure and may correct.
However technical indicators are showing bullish signals in all fronts. So should the stock continue on its breakout, adjust the short term target price to 18.75. This represents a 12.5% gain already.
For position traders, the stock is pretty much bullish already. As long as the stock stays above 15.5 the stock will remain bullish and you may continue to hold on to this.
BPI
This stock remains to be one of the few brightspots amidst a very shaky and corrective market.
The stock though is experiencing some short term weakness however instead of correcting down the stock is moving sideways. As long as the stock holds above 104, we don’t have any sell signals yet. Also as long as it holds above this price range, the current target price is now pegged at 110.
We have no sell signals for position traders. HOLD
BDO
The stock broke its medium term uptrend after breaking the 114 price range. Thus resulting in its current correction. Should it fail to stay above 111, it could drop further to 108.
The stock is still bullish though over the long term. Long term support and buying range is at 104. Long term investors and position traders may enter should it bounce back from 104.
BLOOM
If 5.36 is broken. The stock could correct further to 4.95. Should it bounce though from 5.36, upside target price is at 6.12.
CNPF
The short term upward trend is over after it broke support at 17.65. For short term trend followers it would be prudent to take profits and to stay away from the stock first.
The stock is now currently sideways and may move from 16.65 to 18.4. Quick traders may take advantage of this range. This is around 12% gain.
No sell signal yet for mid to long term position traders as the stock is still bullish. Will update you in the future if this could change.
CPG
The stock is back at the support at 0.61. Should it bounce from this the short term target price could be pegged at 0.685. This represents a 14% trade.
DNL
The stock still bullish for the mid to long term. However after breaking the short uptrend, the stock is now moving sideways.
For people who would want to do quick trades, buy as long as the stock holds above 10.76 and take profits at 11.6. This represents almost 8% gain.
No sell signal yet for position traders.
DD
DD = Double Dead.
Watch 54.1. If the stock breaks below that a correction to 40 is possible. However a breakout from 61 could bring the stock back up to 65 and 71.
The stock is still bullish for the long term. No moves needed yet for long term investors.
GLO
The prevailing trend for the stock is still down. However the stock has now moved back up the long term support at 2,042. For the stock to go out of the short term downward trend it must break past 2,146.
For quick traders, should the stock stay above 2,042 you may buy there and set a target price at 2,217.
GTCAP
The stock may correct back to 1,473 to as low as 1,421 if it fails to go back to 1,518. Avoid first for the short term.
The stock is still bullish for the long term. No sell signals yet for traders with longer time frames. The stock stays bullish if it holds above 1,391.
ICT
Support at 79 is already broken. Time to take profits for quick traders.
JGS
The stock is at a crossroads. If it breaks below 77, the stock turns bearish for the long term for the first time since February 2016.
JFC
For trend followers. The 9 month uptrend of JFC is done. For those no wanting to hold on to sideways markets. You may now take profits.
The stock is still bullish for the long term though. The long term support could be found at 227.
MWC
The stock has broken out of an 18 month resistance at 28.6! If this continues the possible target price for the stock is 30.5 and 32 over the short term. This holds true as long as the stock stays and holds above 28.6
This is one of the few good stocks that is breaking out on a market that is correcting!
MRSGI
The stock is still bullish for the short, mid and long term. It just broke out from the support of 5.4. Should it stay above that it could go back again and hit 6 over the short term.
Send in your requests!
Please do continue to send in your requests! I just love interaction with you in both facebook, twitter, and my website! Catch you all again next week! Have a great week ahead! God bless you!
New Book and other books on Investing, Business and Finance.
I’m excited to share my latest book, Where Should You Invest? This will answer one of the biggest questions on the what, where and when you should invest on. I will also tackle the concept that there are certain investments that work well with others and some investments that don’t work well at a certain investment phases.
This is aimed to help investors have a holistic sense on how they can grow, maximize, and preserve their wealth!(Stock Smarts Book 4 is also coming this year) I also feature other books in my website with authors that I respect which have different expertise in Finance, Business, Investing and everything else in between.
For more details and to order: Marvin Germo Book Orders
