Stocks By Request! June 6, 2016 | Marvin Germo

Stocks By Request! June 6, 2016

By: Marvin Germo | June 6, 2016

Hi Everyone!  Here are the most requested stocks from last week’s #StocksByRequest!  I hope this helps you in your trades and that you can use this as a reference point to help you trade better.  Just a disclaimer to everyone, I hope you do not use the stocks here as something that you would buy or sell blindly, my suggestion is you study them build your own strategy using both technical and fundamental analysis.  As what I always say in my trainings, profit comes after conviction!  And I want you to be profitable, not just now but repeatedly until you hit your goals of financial freedom!

The Stocks are:

NOW, FNI, TEL, ALI, JGS, MEG, FGEN, MAXS, and X.

Among the 9 that got selected, NOW had the highest number of requests at 1,198 votes.

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Now here the most requested stocks!

#NOW

The stock is just currently ranging and has a tradable range of 2.50 to 3.60.

If the stock breaksdown from 2.50, a possible downward target price of 1.6 is possible.

Should 2.50 hold, target price could be set to 3 and 3.6.

#FNI

Watch the 0.86 price range. That is what is holding the stock a float. A lot of buying is still prevalent at that price range and the stock will remain bullish for the long term if this price range will hold.
 
At its current price, traders may look at 0.875 for a quick tade, if the stock bounces from that level, the upward short term target price of the stock is at 0.99. Should the stock drop from 0.875, it may retrace downward back to the 0.86 range.

#‎TEL

PLDT has been one of the most talked about stocks the past week because of its game changing move to buy SMC’s telecom assets.
 
The stock is currently up 13.7% from the closing price last week. For those who took part in all the action, watch 2,028. Expect sellers to come out more as the stock approaches that price. Should the stock fail to breakout of that short term traders my consider taking profits.
 
Also if the stock fails to breakout from 2,028, it may retreat to 1,884 for the short term. But if it does breakout from 2,028, you may set an upward target price of 2,154 to as high of 2,295 over the short term.
 

As of this writing the stock has broken out of the 37.6 resistance.  If the stock stays and holds this range, we may see the stock go up to 38.65 and up to 40.4.

For mid to long term traders, we have no sell signal yet but if you would wish to load up on the stock more cheapest areas would be (should the stock correct) 34.3 and 35.3 should the stock retrace to those levels.

Hope this helps!

#‎JGS‬

The stock dropped big this week due to an overnight placement on the stock. Because of this you may now peg that institutions are considering the prices range of 82.5 as somewhat a fair price for the stock. But let’s not try to assume what they are saying let just go back to what the charts say.

Over the long term the stock is still bullish so passive investors and position traders may hold their stock first as there isn’t any significant sell signals yet.

While for people trading for the mid to short term, you now know that the stock has a support at the 82.5 price range. You can buy the bounce from this range and set your target price at 91.2 and 95.25 over the short to mid term.

‪#‎MEG‬

The stock is bullish for the long term. The strongest buying area for position traders and long term traders is at 4.14.  Buy more should the stock bounce from this levels.  . As of this point the stock has no sell signals yet for position traders. You may hold the stock first as it is currently progressing in its uptrend.

MEG just broke out from the resistance that we pegged at 4.42.  If the stock holds this level,  you may adjust your target price to 4.7 and 4.85.

#‎FGEN

 
The stock is bullish for the long term. The stock crossed from bearish to bullish just a week ago when it crossed and broke out of 22.20. If the stock manages to stay above this range, we can expect the stock to be bullish still. Because of this event, the stock now has a mid to long term target of 27. As of this point we don’t have any sell signals yet and you can hold on to the stock. The stock is steadily developing into a very smooth uptrend.
 
For the short term, if the breakout would progress, set your target price to 23.6 and 24.6. Sell also if the stock fails to hold 22.

#‎MAXS

No sell signal yet for the short, mid and long term! Hold! Hold! Hold!

#X

The stock is currently undergoing a breakdown. If it fails to go back to 16.65, the stock could drop further to 16.1 to as low as 15.87. I would avoid the stock first until I see a clear reversal.

More evidence of the reversal/bounce would be seen if the stock could manage to go back to 16.65, better if it manages to go back to 17.7.

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