Picks of the Week [May 23-27]

A review on last week's picks:
1.) CEB - maintained its support at 93.77 and is still slowly going up.  I did not pursue getting in since I am not yet comfortable with the fundamentals of the airline industry.  Yet, out of the picks last week, this is the only stock that remained true to its promise (technically).
2.) JGS- Despite breaking out from its previous high, this stock formed a bull trap instead of moving up.  A bit strange since CEB and URC have been performing well recently.  There might be news that I am not aware of.  I saw weakness since the start of the week; thus, did not pursue in getting in.  Now it's back at gaining momentum in order to break the same resistance.
3.) ELI - It's really hard to apply technical analysis on a speculative stock, especially with weak/erratic volume.  Breakout was a failure as prices went back into range trading.

Maybe next time, I should study the weekly charts instead of the dailies for my Picks of the Week.


Picks of the Week [May 23-27] - still using daily charts though

1.) BEL - Crossed the MACD zero line having a minor breakout and with considerable volume.  Support at 5.6 and Resistance at 6.1.  Possible range trading for now.  A breakout from resistance would be a strong Buy.  BEL has been consolidating since the start of the year after soaring along with LR for its casino play.  There had been a delay with their plans which resulted to this sideway trend.  Seems like the jockeys are in play.

2.) AT - The trading halt of the trio PX/LC/MA last May 11 gave AT some chance to absorb the greed of those who wanted to enter Mining.  As trading resumed for the 3 stocks, AT remained to gain momentum for at least 3 days before having some slight correction.   AT has broken out from its downward trend and has formed a bullish flag with a long pole.  Seems like AT is now catching up with its peers after being a laggard for months.