Picks of the Week [May 16-20]

Mining play is still hot, but I expect further retracement after last week's disclosure on PX, LC and MA.  For this week, seems like Gokongwei stocks are poised to impress.

1.) CEB - Clearly shows a turnaround months after the infamous IPO at 125.  Now, with oil prices expected to go down, this is a chance for this budget airline's stock to go back up.  Going back to 125/share as it is reportedly the fair value of the company? Charts show a breakout from resistance which would lead to at least  115 in the short term.

2.) JGS - Already breached its a new high; the sky might be the limit for this stock.  As observed with the stock prices of its subsidiaries, particularly CEB and URC, the mother hen would likely go up.  Not to mention DGTL's movement on June which could finally go beyond 1.6/share after PLDT buys what it promised.

 

 

3.) ELI - Not a Gokongwei stock, but instead a Tan's.  Charts show that it's time to shine for this one as it broke out of a descending triangle with considerable volume.  MACD is already in a positive region.

 

 

 

Let's see what would be my batting average for this week.

Caveat! :)