Stocks By Request: January 12, 2017 | Marvin Germo

Stocks By Request: January 12, 2017

By: Marvin Germo | January 12, 2017

For this run we had nearly 1,800 votes from both facebook, twitter, and my website!  I am just excited that we are seeing a larger interest on people investing in the stock market!  I really believe it’s time that we as a nation start investing more!

Stocks By Request

 

Here are the first events for the year!  I will give you an update on our live sessions on UAE, Qatar, Davao, Iloilo, Cebu, Singapore in the next few weeks!  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 CDO —  February 4- 5, 2017
Stock Smarts Cebu —  February 18- 19, 2017
Stock Smarts Manila —  March 4 – April 1, 2017
Stock Smarts Japan —  March 18 – March 20, 2017
Stock Smarts Davao —  April 8 – April 9, 2017

Stock Smarts Seminars 2017

Technical Analysis

Similar to the previous Stocks By Request sessions all of the analysis here are based on technicals and trend following techniques so as the context of the terms that are discussed.  I  encourage you if you want to trade the markets, study and spend time learning technical analysis.

What are the top 10 most requested stocks for the week?

VLL, NIKL, MEG, JFC, MRSGI, MWC, MPI, SMPH, SECB and DD.

VLL

The stock hit a resistance at 5.1, if it fails to breakout of this level, there may be a correction to 4.96 to as low as 4.82.

However if the stock breaks out of 5.1, upward buying could bring the stock to 5.2 to 5.25 over the short term.

For position traders, no clear reversal yet, the stock is mainly bearish still for the mid to long term.

I’ll give you another update should the resistance at 5.25 be broken to give a sign of a more convincing reversal.

NIKL

The stock is moving up because of two reasons, a bounce from the 8.03 support and a breakout from the 8.25 resistance level.

Should the 8.25 level hold, adjust your target prices to 8.80 if you are a quick trader. Take profits should the stock fail to break 8.80.

For position traders, we have no sell signal yet. The stock is still bullish from the short, mid and long term.

MEG

The stock is out of the 5 month downtrend that started since August 2016. It has to breakout of 4.3 though to fully confirm a legitimate reversal from bearish to bullish.

For quick traders, the price movement that you are seeing now is widely because of the breakout from 3.70. Because of the breakout from 3.70 though, the upward buying pressure could bring the stock to the initial target price of 4.1. If the stock fails to break 4.1, you may take profits should you see some downward weakness in the stock.

Should the stock breakout of 4.1, adjust your target price and set your eyes on the strongest resistance at 4.3.

JFC

The stock needs to breakout of 233 to turn bullish over the long term.

Over the past few days though we have seen a rally from the stock bouncing from the 185 support, breaking the 205 and 218 resistance levels.

Now for quick traders, if the stock fails to stay above 218, you may now take your profits. However if it stays above 218, hold your positions first as the stock may challenge the resistance from 230-233 which you can now adjust as your target price.

A buy from 185 and sell at 233 represents a 26.5% gain. Congratulations.

MRSGI

The stock failed to break the very strong resistance at 4.50. The downward movement that you are seeing right now is a direct result of that. Should the selling progress the stock could go down to the clearest support at 4.

Should it bounce from this levels, quick traders my buy again and sell again at the resistance at 4.5. This represents a 12% gain for a quick trade.

No clear buy signals yet for position traders as the stock is still bearish for the mid term.

MWC

The stock needs to breakout, go above and stay above 30 if it wants to have a shot to go even higher for the short term. If the stock breaks out of 30, adjust your target price to 32.5 over the short term.

Because of the bounce from 28, we have no sell signals yet for position traders. You may still hold your positions and maximize this uptrend.

MPI

What a great escape from the short term downtrend by MPI. The stock is now bullish for the short, mid and long term. As long as the stock stays above 6.65 we could possibly see the stock trend even higher.

For position traders, you may hold your position first, as we don’t have any sell signals yet.

For quick traders, the latest breakout from 6.85 may lead the stock higher to the next target price of 7.4 to 7.55. Take profits if 6.85 does not hold or if the stock does not breakout of 7.4/7.55.

SECB

Breaking 202 was significant for the stock as it allowed it to turn from bearish to bullish. Now the stock is trying to stay above the 214 support level. If it successfully holds and stays above that level, the stock may progress higher to a target price of 230 and 245 for the short term.

For position traders, we have no sell signal yet. Hold.

DD

Take profits if the stock fails to breakout of 51.5. A failure to breakout of 51.5 could cause the stock to correct to the following support ranges: 45.8 and 41.

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

Marvin Germo Book Orders

*Pictures via google search