STOCKS BY REQUEST - September 28, 2017 | Marvin Germo
STOCKS BY REQUEST

STOCKS BY REQUEST – September 28, 2017

By: Marvin Germo | September 28, 2017

Hi Everyone! This is just a very quick post of the top stocks that you requested! I will do another FB Live version hopefully by tomorrow with another set of stocks! I just wanted to do some quick and good that could serve as a reference point for your trades. God bless you and I hope this helps you further as you try to enhance your skills in winning in the market.

For this edition we will tackle the following: MRSGI, MRP, MEG, MWIDE, MWC, MER, JFC, JGS, TUGS, DD, TECH, CHP, CNPF, BLOOM, CLI, ALI and AC.

Catch me in my live training events! (quick plug)

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! If you would like to know more on how you could time the market checkout the trainings below.

Stock Smarts Cebu —  September 30 – October 1, 2017
Stock Smarts Davao —  October 20 – October 22, 2017
Stock Smarts Malaysia —  November 4 – November 5, 2017
Stock Smarts Sydney, Australia —  November 11 – November 12, 2017
Stock Smarts Qatar —  November 16 – November 19, 2017
Stock Smarts Singapore —  November 25 – November 26, 2017
Stock Smarts Manila —  December 2, 3, 9, 10 & 16 , 2017
Stock Smarts Taiwan —  December 21 – December 22, 2017
Stock Smarts Cagayan De Oro —  January 13 – January 14, 2018
Stock Smarts London, United Kingdom —  January 26 – 28, 2018

Stock Smarts Schedules

Trading range is still at 3.85 to 4.55. Buy at 3.85 as long as it bounces that range and set your target price at 4.55 if you are a quick trader.

MRP

The breakdown at 8.56 is what’s taking the stock lower. Largest support is at 6.95 as of this point. Try to avoid the stock first until you see it hold a certain support level.

MEG

The stock is moving at a range of 5 to 5.45. If you are a quick trader buy from the bounce at 5 and may a quick sell as it approaches 5.45. Avoid or sell the stock should 5 not hold.

The stock is still breaking down, possible downside support is at 15.

MWC

The breakdown is pegged at 30.80. Avoid the stock if it fails to go back above 30.80. Should it break back up to 30.80 and stay above that range that becomes a good buying opportunity. But if it fails to happen avoid the stock for the meantime.

MER

As long as the stock stays above  274, the target price at 293.6 is still in play.

JFC

The stock must breakout from 245 so it has a chance to go back and challenge 257. For position traders, the trend is still bullish.

JGS

The stock will reverse from bearish to bullish if the key support at 78 will hold. If it goes to this level the first target price could be pegged at 86.3. While a breakout from 86.3 would bring it to 94.45. If it fails to go above 78, avoid the stock for the meantime.

Failure to breakout from 2.7, could be a selling point for quick traders. Mid term trend is still bullish for position traders. No need to sell yet for position traders. Hold on to your positions first.

DD

The stock continues to be in a downtrend. Should the downward progression continue the downside target of 36/37 still stands. No buy signal for both quick and position traders.

The stock is doing well from a chart perspective, as the short, mid and long term trend is still bullish. It would be prudent to hold on to positions first. Allow me to send you an update when we see any possible reversals in the future. On a side note, the stock does not have that convincing volume. For those who attended our Stock Smarts sessions please revert back to our lesson on volume.

Watch out as the stock just brokedown from the support at 17, if selling continues, the first downside target could be found at 16.3. No buy signal yet as of this point.

CHP

Talk about bad report after bad report. What’s bearish continues to do bad. The stock failed to hold above 5.65 and is now breaking down even further. Oscillators are still showing downward momentum without any support level protecting it from falling.

CLI

The stock needs to stay above 5.25 for the bullish movement upward to progress. Resistances can be pegged at 5.7 and 5.9 should the stock stay above and bounce from 5.25.

Should the stock continue to hold and stay above 10.2 then it has a shot again to bounce and go for 11.9. Failure to hold from 10.2 could bring the stock down to 9.4 or to as low as 8.85 should the support at 9.4 fail to hold.

ALI

The stock failed to stay above and hold the 45 level support. Shorter oscillators are showing the possibility of more downward movement. The key thing to watch out for is the short term support at 43.2. Failure to hold on to that would make the stock test the support at 42.1. While the failure to hold on to 42.1, could push the stock lower to 38.6.

AC

Ayala Corporation is still on target with its upward push. Its short, mid and long term trend is still denoting upward movement. Short term indicators are still showing upward momentum. We have no sell signal yet for position traders as no reversal signal yet is on sight. The strongest midterm support level can now be found at 900 while the strongest long term support can be found at 840.

New book and other books on Investing, Business and Finance.

I’m excited to share my 5th book overall and the 4th book in the Stock Smarts series, Stock Smarts: Breaking the Resistance – How to time your traders perfectly. The heart of this book is to teach you strategic ways on how to come in and buy and sell stocks in a way where you come as the market is headed up and come out as the market is headed down. The book is now out and exclusive via Marvin Germo Book Orders.
For more details and to order my other books: Marvin Germo Book Orders
Stock Smarts Book