A Look on AGI

CLSA (323) bought up at the open and was followed by the other foreign brokers.  Both MACD and DMI generated BUY signals with some support on the volume.  ParabolicSAR shows that the stock is just starting on its uptrend, as confirmed by the change of trend in the DMI chart. 

MEG, one of AGI's subsidiaries had been pointed out to be among those involved in year-end window dressing, so caveat on the rise in prices of related stocks.  Also, AGI has been treading on unchartered territory this year, as it has been consistently gaining new highs.

But so far for me, buy signals with support from foreign investors is good for me.

PD:  I have AGI at a cost of 11.58 and has been holding this stock for less than 2 months already.

Window for Selling

Some comments of my portfolio:

CMT is still consolidating.  Wrong move since funds used here came from my sale of MPI which has increased to 4.11 today.  MPI has now a buy signal based on MACD.

AP shows a shooting star, sell asap for a swing.  Currently at 22.15, plan is to submit a sell order at 22.3 (yesterday's trading price with 17% volume) or higher.

EDC, still consolidating.  Plan to sell shares bought at 5.99 (50%) to reduce some load.

It was a good thing I still have some SCC left in my portfolio.  Buy the dips on the first rung of fibonacci. 4 consecutive green candles.  Perhaps tomorrow would be its last run.  Just waiting for a sell signal.

FGEN, slight gap up but with a shooting star.  Still trading sideways.

Looks like tomorrow is a selling spree for me!  :) 

SCC, Good to Go, Sir!

With a DOW-J closing at +48 last weekend, PSEi has been on an extended rally and remains bullish until now.  Index gained 70pts today and is already near the 4000 mark.  This can be easily broken by tomorrow as the Philippine stock market is currently enjoying a positive momentum.up:gucci handbags

MEG is a strong winner today, having its stock and 2 warrants included in the top10 gainers.  I saw MEGW2 bottom out at 1.10 this morning, too bad I wasn't ready to enter into new grounds yet.  MEGW1 and MEGW2 closed at 1.3x levels while MEG is strong at 2.3.

I have been busy handling my 2 stocks this morning: SCC and EDC.  EDC had a gap up from 5.26 to 5.31 until its ascent to 5.47.  As soon as I sensed the decline of prices, I was able to sell my shares @5.44 (9:44am) having a favorable 10.26% net profit.  A shakeout occurred making EDC reach 3.35 before going back up again towards the end, closing at 5.5.

I plan to re-enter in EDC allotting 25% @5.34 and 50% @5.27.  Buy during 10am onwards.

I remain bullish with my SCC despite having a shakeout with the price dipping towards 137.  During the shakeout, I was able to buy 60 shares at the first drop at 140, then another 40 shares at 137.  At around 1030am, it went regaining back up to the close at 141.9.

I am hoping for a gap up tomorrow, as the MACD signals a buy for SCC.  Will see if it could breach the 145 mark by tomorrow.  I plan to sell my first 200 shares at around 145, then re-enter at 136, if able.