Picks of the Week [June 13-June 17]

The Market still does not seem good especially with the near-200 hundred drop in DOW at the end of this week.  PSEi might follow suit and break the support at 4180.

Last week's pick did not fare well as AT touched support at 16.9.  I have to cut my losses on this stock, unless it suddenly goes up on Monday.  Volume on Wednesday shows that sellers might still follow through.

I am sort of bearish since last week, but I have noticed MER's technicals to be good.  MACD buy signal plus a cross on 20SMA over 50SMA confirming the up trend.  There have been news reports about a possible joint project with one of Warren Buffet's investment firms regarding LNG (Liquefied Natural Gas).  Some developments regarding increase of rates and decrease in fees might have helped in making the prices go up.  I tried entering last week at 266, but couldn't catch up as it went straight to 279.  Will wait further on dips at 272.4.