pse strategy guide -december 9,2012

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December 9, 2012

Email Address: [email protected].

Welcome

“If you brood and worry about the ones that got away you'll miss the ones that are coming your way”

“I do not know what will happen. No one does. But we know what to look for.”- Arthur Cutten

LAST WEEK’S TRADING

Historic High Again and Again With Rotation

Money Flowing into Stocks

The PSE hitting an historic is getting to be almost ordinary news. The PSE rose 2.73% this past week with the PASHR going 2.12% to the upside. However,

it is the sub-indexes that are exciting. PFINC was up over 4% and the PPROP rose 3.35%. And PMINI has found a soft bottom and wants to turn its trend

higher.

Summary of Index Changes

Issue/ Symbol

12/7/2012 Closing Price

11/29/2012 Closing Price

Percent Change

PSEi 5,794.20 5,640.45 2.73%

PASHR 3716.46 3639.42 2.12%

PFINC 1550.85 1488.30 4.20%

PCOMM 8910.33 8803.31 1.22%

PHLDG 5072.70 4956.22 2.35%

PPROP 2225.55 2153.37 3.35%

PSERV 1763.49 1734.58 1.67%

PMINI 18236.41 18043.13 1.07%

It is the “Primary” List that is leading with those issues up an average of 3% while the “Secondary” list actually lost 1%. That shows us that this past week

carried on with further leadership by the quality stocks.

Further, the hidden and most important story from the PSE is the rotation of buying. During the prior week, AC was down 1.1%. This week it is up 8.8%.

Likewise with JFC; previously down 1.95 and now up 4.5%. These upside reversals were mirrored the other way. MWC went from a 4% increase to being

off 0.5%. SM had gone 4.9% higher to down 1%. Sister company SMPH did the same from 7.3% up to only 1.3% higher.

But the stars were MEG up 11% and RLC going up 10%. Bank stocks were also bright with BPI and BDO both gaining 7%.

PSE Index Issues

PSE Issue Percentage

Change

Previous Week Percentage

Change

AC 8.1% -1.1%

AEV 5.1% 1.2%

AGI -0.2% 1.9%

ALI 2.1% 3.0%

AP 4.7% 1.9%

BDO 7.4% 3.0%

BEL -1.8% -0.8%

BPI 7.0% -4.1%

DMC -1.6% -1.7%

EDC -3.0% 2.0%

FGEN 0.0% -2.1%

GLO 1.5% -0.9%

ICT 0.3% 1.4%

JFC 4.5% -1.9%

JGS 4.5% -3.0%

MBT 1.7% 2.9%

MEG 11.2% 2.4%

MER 0.2% 2.6%

MPI 3.7% 1.6%

MWC -0.5% 4.0%

PCOR -1.9% 0.0%

PX 2.3% -0.8%

RLC 10.0% 3.0%

SCC 0.1% 0.0%

SM -1.0% 4.9%

SMC -0.4% -0.1%

SMDC 3.6% -1.7%

SMPH 1.3% 7.3%

TEL 2.4% 3.4%

URC 5.8% 1.3%

This past week showed us great price increases and very heavy and sustained volume. Those factors will lead us to the PSE reaching 6,000. But more about

that later.

PSE Daily Chart

After a brief pause last Wednesday, PSE at 5,700 was not a problem.

PASHR Daily Chart

The broad market is keeping up with the advance of the blue chip issues. The rising tide floats all boats.

PSE Weekly Chart

You can see here how the price increase accelerated this past week. Those that thought that the market would take a breather were wrong. There is just too

much money out there wanting to buy stocks. The Buy Signal is now confirmed.

PASHR Weekly Chart

There was no stopping the PASHR Weekly either. The Buy Signal just became stronger.

Heavyweight Issues of the Subsector Indexes

PCOMM PFINC PHLDG PMINI PPROP PSERV

FGEN BDO AC AT ALI CEB

FPH BPI AEV LC MEG GLO

MER MBT AGI LCB RLC ICT

MWC SECB SM PX SMPH TEL

The PMINI Weekly Chart shows that this sub-sector is trying so hard to change direction to the upside.

PCOMM Weekly Chart

PCOMM has been going up almost with a stop for over two months.

PFINC Weekly Chart

The banking stocks took a breath the previous week and then continued to go much higher this past week.

PHLDG Weekly Chart

The holding companies are not quite as strong as the broad market but that is due to rotation, not decreasing prices.

PPROP Weekly Chart

Even for all the very good price increases in the PPROP sector, you can see the Buy/Sell Indicator is just getting started on its trip higher and higher.

PSERV Weekly Chart

The PSERV is starting to take off on the increases in the share price of TEL and GLO.

The stock market gave us everything we could want this past week: Heavy volume, good price increases, and buying rotation through many issues. The

money continues to flow into our stock market.

But the important thing is not so much where we are at this historic high above 5,700, but where are we going?

THE BIGGER PICTURE

STRATEGY SUMMARY

Are We Going to have Continuation or Correction?

The subsector indexes are all strong. The PSE index is making historic highs almost daily. The PASHR is not lagging but almost leading.

However, are we going to correct or continue to go higher?

Yes, we should have a correction. On the Trend Analysis lists you are going to find comments about possible corrections repeated over and over. Every

“Buying” or “Neutral/Buying” stock could go down. We have to be ready for it. I can give you reason after reason why this uptrend cannot sustain itself

without a correction.

But in fact this market could continue to go higher and higher without a meaningful broad correction. The key would is “broad”.

We have to be ready at anytime for the issues we are holding to go down. DO NOT forget those support levels. However, with the rotation of buying and

selling we are experiencing, the broad market could go higher and higher. But we must be aware that if the buy/sell rotation is going to continue pushing the

indexes to new and newer highs, we have to careful with individual issues.

Look at SMPH. The SMPH Daily Chart is a bit ugly. A small mover lower and we break the Red Moving Average Line to the downside. We have a Sell

Signal.

But the SMPH Weekly Chart says buy on any weakness. The Buy/Sell Indicator looks to be safe until SMPH reaches about P20.00.

The BDO Weekly Chart says it is going to correct to the downside very soon. The Buy/Sell Indicator is at an extreme high.

The GTCAP Daily and Weekly Charts say we should get ready for a correction.

GTCAP Daily Chart

GTCAP Weekly Chart

ALI Weekly Chart says there is nothing but blue sky ahead for this issue. We have had a break higher from the Moving Average Resistance and a

confirmed Buy Signal from a low level.

And the TEL Weekly Chart shows that this issue is just beginning to take off higher.

TEL Weekly Chart

The AC Weekly Buy/Sell Chart shows we should have a correction around the P550 area.

So here is the bottom line analysis and scenarios on all of these charts.

1.The broad market takes a correction and we see the PSE around 5,550.

2.Individual issues go up and down with their own corrections but the broad market continues to go up. We have to be careful with Supports and

Resistances.

3.The abroad market and individual issues go sideways for a few weeks to relief the extreme pressures on the Buy/Sell Indicator.

4.The market and all stocks just continue to go higher and higher without much of any corrections.

The 3rd

scenario is shown in the long term AC Weekly Chart. Here the price went sideways while the indicator went down.

The 4th

scenario is the one that is the most ‘controversial’. How can prices continue to go higher and higher after reaching historic high after historic high?

The amount of money flowing into the PSE and the willingness of people to buy and buy stocks makes this 4th

scenario a genuine possibility. If you

remember when the PSE index was at 4,800, many said that prices were too high. They pointed out that the Price Earnings Ratio was about 17.

But here is what has happened since 4,800 in May 2012. The PSE is now at 5,800 area, up 1,000 points and 20%. Guess what? The PER between then and

now is only slightly higher. Stock prices are going up at almost the same rate and corporate profits. The Philippine Peso now is 7% higher than then and is

now in an uptrend.

Yes, the market can just continue to go higher and higher. We can confirm this by watching TEL and the PSERV index. We can also confirm this scenario

by watching the PMINI index.

You will make a tremendous amount of profit in the next months. It is only a matter of how because it is only a matter of how the PSE is going to march to

6,800/7,000.

ISSUES OF INTEREST

These are issues that are not on the Trend Analysis List but have increased volume or price movement that warrants attention.

Remember; do not trade these issues unless there is volume. Do not trade these if they move much below the “Entry Price”.

Issue/Symbol Closing

Price

Previous Week

Closing Price

Percent Change

from Previous

Week

Entry Price

Buy No

Higher Than

Cut-Loss Below

Price Target

Comment

ANI 6.85 6.99 -2.0% 7.00 7.18 6.85 8.00

Looks to have found a bottom at the P7 area. Speculative

buying but must see volume increase.

APC 0.67 0.63 6.3% 0.64 0.65 0.60 0.69

Very speculative buying opportunity because of volume

spike and move above moving

average resistance.

SGI 2.00 1.88 6.3% 2.00 2.05 1.93 2.20

Breakout higher from moving average resistance on higher

volume.

PRIMARY TREND ANALYSIS

If the “Current Trend” has changed from the previous week, this is indicated by the new trend being underlined and in italics.

Selected Buying issues are highlighted in Blue.

Issue/ Symbol

12/7/2012 Closing

Price

11/29/2012 Closing

Price

Percent Change

Support Resistance Percent Above

Support

Percent Below

Resistance

Current Trend

Target Price if Current Trend

Continues

Trend Comment

Strategy

PSEi 5,794.20 5,640.45 2.73% 5,630 5,850 3% 1% Buying 5,880

High volume

breakout now targets

6,000.

PASHR 3716.46 3639.42 2.12% 3,630 3,775 2% 2% Buying 3,780

Strong upside

breakout now

generates Buying signal

PFINC 1550.85 1488.30 4.20% 1520 1600 2% 3% Buying 1600

Continued upside

trend but in short term indecision pattern.

Watch for correction.

PCOMM 8910.33 8803.31 1.22% 8830 9030 1% 1% Buying 9025

Very strong upside

momentum for last 14

weeks continues. Target is

9,500. But watch for top near

9,000.

PHLDG 5072.70 4956.22 2.35% 4980 5125 2% 1% Buying 5100

Good upside follow-

through on previous week's

increase.

PPROP 2225.55 2153.37 3.35% 2200 2260 1% 2% Buying 2280

Upside momentum is strong but

top is coming soon.

PSERV 1763.49 1734.58 1.67% 1680 1825 5% 3% Buying 1800

Strong break above

moving average

resistance.

PMINI 18236.41 18043.13 1.07% 17850 18775 2% 3% Neutral/Buying 18500

Bottom at 18,000 area. Is

holding but very fragile.

But trend may be turning higher.

ABS 33.80 31.25 8.2% 30.80 34.50 9% 2% Neutral/Buying 34.25

Strong upside

reversal on lower

volume. Needs to

break/hold P34 to

confirm uptrend.

Wait for confirmed

uptrend for Buying

opportunity.

AC 520.00 481.20 8.1% 500 550 4% 6% Neutral/Buying 500

Watch for correction to below

P500 . But uptrend is in place.

Reached P495 target

and now targets

P550 after potential

correction.

AEV 51.80 49.30 5.1% 49.60 53.75 4% 4% Neutral/Buying 53.00

Resistance at P53 area

is strong. Look for

reversal to P50.75 area.

Upside momentum is building on higher volume.

Buying opportunity for move to P59. Watch for pullback

to above P50.00.

AGI 16.26 16.30 -0.2% 15.00 17.50 8% 8% Neutral/Selling 16.50

Indecision pattern on

volume increase.

May signal a negative

trend change.

Must hold P16 area or then targets

P15.40.

Speculative Buying

opportunity for move to P18. Watch

support very

carefully.

ALI 24.50 24.00 2.1% 23.88 26.00 3% 6% Buying 26.00

Break/hold of P24 now

targets move to

P28.

Buying opportunity for move to P28. Watch support and

volume.

AP 37.10 35.45 4.7% 35.50 38.00 4% 2% Neutral/Buying 37.50

Upside momentum is good but watch for correction P36 area.

Buying opportunity for move to

P38.

AT 17.50 17.32 1.0% 17.15 18.25 2% 4% Neutral/Buying 18.50

Building upside

momentum on higher volume.

Speculative buying

opportunity for move to

P18.25.

BDO 76.75 71.45 7.4% 73.50 78.00 4% 2% Neutral/Selling 73.50

Expect correction

to as low as P72.85.

Reached P75 target. No buying

opportunity until price corrects

downward.

BEL 5.00 5.09 -1.8% 4.85 5.20 3% 4% Neutral/Selling 4.85

Trying to find a

bottom at current

levels but downward trend is still

in place. Needs

break/hold of P5.20.

No Buying opportunity until trend

turns to the upside.

BPI 95.25 89.00 7.0% 93.00 98.00 2% 3% Neutral/Selling 92.00

Upside reversal

above P95 is positive but must

have follow through. Potential

top at P97.

Very speculative

buying opportunity for move to

P98 but risk/reward

is not favorable.

CHIB 55.80 55.30 0.9% 52.50 56.80 6% 2% Neutral/Buying 56

Resistance above

P56.80 is strong but

upside momentum

is still building.

Speculative Buying


P58 but watch

Support and volume.

DMC 53.95 54.80 -1.6% 53.75 56.00 0% 4% Neutral/Selling 53.00

Pivot price area is P54.

Trend is negative. Must hold

current level or

then targets P52.50.

Speculative Buying

opportunity for move

above P58. Long term target is

P65.

EDC 6.85 7.06 -3.0% 6.40 7.25 7% 6% Neutral/Selling 6.50

Failure to break/hold

P7.25 is negative.

Trend negative for

move to P6.50.

Buying opportunity canceled on

failure to hold P7.00.

EEI 9.70 9.35 3.7% 8.97 10.00 8% 3% Buying 10.00

Still building upside

momentum but watch for top at P10.00.

Buying opportunity

for move above P10.

Watch volume.

ELI 1.09 0.97 12.4% 1.03 1.15 6% 6% Neutral/Buying 1.15

Strong break above

P1.00 is positive for

move to P1.15. But

this may be a Buying climax.

Watch Support

very carefully.

EW 28.25 26.90 5.0% 27.75 29.00 2% 3% Neutral/Buying 30.00

Watch for top above P28. Trend

is up on higher

volume.

Buying opportunity

for move above P30.

Watch volume.

FDC 4.82 4.60 4.8% 4.70 5.00 2% 4% Neutral/Buying 5.00

Daily volume

spike pushed price to P5.00.

Potential for pullback

to P4.60 area. Must break/hold

P5.00 to then target

P6.50.

Reached P5.00 upside target closing

short term position.

Long term target is P6.00.

FGEN 23.00 23.00 0.0% 22.00 25.00 4% 9% Neutral/Selling 22.40

Indecision pattern. May find

bottom at current level if volume

increases.

Wait for confirmed

uptrend for Buying

opportunity.

FLI 1.58 1.51 4.6% 1.50 1.63 5% 3% Neutral/Selling 1.55

Trying to build upside momentum

but until break/hold of P1.60,

trend is still neutral with

slight upside bias.

Wait for confirmed

uptrend for Buying

opportunity.

FPH 91.95 92.00 -0.1% 89.75 96.00 2% 4% Neutral/Selling 90.00

Pivot price area is

P91.50 and must hold there to

avoid move to as low as

P86.50.

Watch Support

very carefully.

GERI 2.00 1.83 9.3% 1.93 2.05 4% 2% Neutral/Buying 2.10

Break/hold of P1.90 on

volume spike is

positive for move to P2.25 if there is follow

through. Watch for top above

P2.05.

Speculative Buying


P2.35. Watch

Support and volume.

GLO 1,142 1,125 1.5% 1,125 1,160 1% 2% Neutral/Buying 1,150

Still needs high volume break/hold of P1,150.

Speculative Buying


P1,200. Watch

Support and volume.

GMA7 8.74 8.60 1.6% 8.46 9.20 3% 5% Neutral/Buying 9.00

Still trying to build upside

momentum with a strong

bottom now at

P8.50 area. Break/hold

of P8.75 now targets

P9.20.

Speculative Buying


P9.50. Watch

Support and volume.

GTCAP 650 596 9.1% 600 675 8% 4% Neutral/Buying 675

Strong upside

breakout on lower

volume. Watch for top at any time and potential

for correction.


P7.00. Watch

support.

ICT 71.20 71.00 0.3% 68.00 72.65 4% 2% Neutral/Buying 73.00

Pivot price and strong resistance area is P70

area. Building upside

momentum. Trend is slightly

positive.

Wait for confirmed

uptrend for Buying

opportunity.

JFC 109.20 104.50 4.5% 103.00 110.00 6% 1% Neutral/Buying 115.00

Heavy price congestion between

P105/110. Upside

momentum is starting to

build.

Speculative Buying


P115. Watch

support. Risk/reward favorable.

JGS 37.50 35.90 4.5% 36.00 39.50 4% 5% Buying 40.00

Pullback to P35 area.

Now building upside

momentum for move to

P40. But watch for top above

P38.

Speculative buying

opportunity for move to P45. Watch

support. Risk/reward is favorable.

LC 0.94 0.89 5.6% 0.84 0.98 11% 4% Buying 1.00

Pivot price is now

P0.90 area. Building upside

momentum for move

above P1.00.

Watch for top below

P1.00.


P1.00.

LPZ 6.38 6.25 2.1% 6.20 6.60 3% 3% Neutral/Selling 6.20

Pivot price area is

P6.40. Must hold P6.20.

Very speculative

buying opportunity. For move to

P6.60 but watch

Support carefully.

MA 0.060 0.060 0.0% 0.060 0.063 0% 5% Neutral/Buying 0.063

Strong support at P0.060 but

break below then targets

P0.056.

Speculative Buying

opportunity for move to P0.070 but must hold support.

MBT 101.50 99.80 1.7% 93.75 105.00 8% 3% Buying 110.00

Must hold P95 area or then targets

P92/93. Upside

momentum is building on lower volume.


P110. Watch

Support.

MEG 2.79 2.51 11.2% 2.47 2.85 11% 2% Buying 2.85

Building strong upside

momentum. Break/hold

of P2.85 then targets

P3.00. Watch for pullback to P2.70 area.

Reached upside

target of P2.60. Now

targets P3.00 IF

break/hold of P2.85.

Watch Support and

volume. Expect

correction.

MER 262.40 262.00 0.2% 257 268 2% 2% Neutral/Selling 270.00

Top at P270 is growing stronger. Trend is

negative.

Very speculative


P280. Watch

Support and volume.

MPI 4.54 4.38 3.7% 4.45 4.65 2% 2% Buying 4.65

Break/hold of P4.40 to

targets P4.60. Upside

momentum is building. Watch for top above

P4.65.

Reached upside

target of P4.50. Buying


P4.70. Watch

Support and volume.

MWC 32.60 32.75 -0.5% 31.00 33.58 5% 3% Neutral/Buying 33.50

Top at P33 area is

becoming stronger. But price

could breakout to the upside if

volume spikes.

Speculative buying

opportunity for move to P35. Watch Support and

volume.

PCOR 10.40 10.60 -1.9% 10.30 10.60 1% 2% Selling 10.30

May find a bottom at

P10.30 area but trend is

negative.



PGOLD 32.60 32.20 1.2% 29.50 35.00 10% 7% Neutral/Buying 31.75

Losing upside

momentum on lower volume.

Speculative Buying

opportunity for break

above P35 but watch

Support and volume.

PNB 88.00 88.50 -0.6% 76.65 90.00 13% 2% Neutral/Selling 90.00

Watch for top at P90

area. upside momentum

is weakening

Speculative Buying


above P94 but watch

Support and volume.

PX 13.30 13.00 2.3% 12.50 14.12 6% 6% Neutral/Buying 13.00

Must break/hold P13.50 to

then target P14.50.

Trying to build upside momentum.

Speculative Buying


above P15 but watch

Support and volume.

PXP 26.95 27.00 -0.2% 26.00 28.00 4% 4% Neutral/Buying 28.00

Break/hold of P28 then

targets move to

P32. Trend is neutral.

Speculative Buying


P32 but watch

Support and volume.

RCB 57.45 55.40 3.7% 51.75 59.50 10% 4% Neutral/Buying 59.50

Building strong upside

momentum on higher volume. Needs upside follow

through.

Speculative Buying


P60 but watch

Support and volume.

RLC 20.90 19.00 10.0% 19.90 21.50 5% 3% Buying 21.50

Strong breakout to the upside on volume

spike. Needs

break/hold of P21.50 to then target

P24.00.

Speculative buying

opportunity for move to P24. Watch Support and

volume.

SCC 220.20 220.00 0.1% 215 231 2% 5% Neutral/Buying 225

Pivot price is P220 but

trend is neutral with a downside

bias.

Very speculative


P240 but watch

Support and volume.

SECB 165.20 163.90 0.8% 155 166 6% 0% Buying 170

Building upside

momentum on higher volume.

Trend looks to be

turning higher.


P18 but watch

Support and volume.

SM 868.00 877.00 -1.0% 815 900 6% 4% Neutral/Buying 880

Upside momentum

is weakening

slightly.

Speculative Buying


P900. Watch

Support and volume.

SMDC 6.00 5.79 3.6% 5.60 6.25 7% 4% Buying 6.30

Strong reversal

from P5.80 on higher volume.

Watch for top at P6.05

area.

Speculative Buying


P6.30. Watch

Support and volume.

SMPH 15.76 15.56 1.3% 14.80 16.85 6% 7% Neutral/Selling 15.00

Expect short term

correction to P15.00

area.

Buying opportunity canceled on

failure to hold P16.00.

TEL 2,648 2,586 2.4% 2,500 2,700 6% 2% Buying 2,700

Upside momentum continues to build on

higher volume. New Buy

signal.

Speculative Buying

opportunity for move to P2700. But

watch Support and volume very

carefully.

UBP 114 112 1.9% 105.00 115.00 8% 1% Neutral/Buying 120.00

Trying to build upside momentum but volume

is lower.

Good long term hold.

URC 81.45 77.00 5.8% 75.75 88.00 7% 8% Neutral/Buying 85.00

Upside momentum is building on higher

volume but watch for a

top at anytime.

Reached upside

target at P80. Wait

for pullback for buying

opportunity.

SECONDARY TREND ANALYSIS

Issue/ Symbol

12/7/2012 Closing

Price

11/29/2012 Closing

Price

Percent Change

Support Resistance Percent Above

Support

Percent Below

Resistance

Current Trend

Target Price if Current Trend

Continues

Trend Comment

Strategy

ABG 18.10 19.00 -4.7% 18.00 19.75 1% 9% Neutral/Buying 20.00

Failure to hold P19.00 is negative for a move to as low as

P1.75.

Watch support

carefully.

ACR 1.30 1.31 -0.8% 1.28 1.38 2% 5% Selling 1.28

May find a bottom at P1.30 but trend is

negative.



BLOOM 13.50 13.46 0.3% 13.35 14.00 1% 4% Neutral/Selling 13.00

Trend is still negative.

Needs break/hold of P14 to

then target P15.

Wait for confirmed

uptrend for Buying

opportunity.

CEB 62.80 63.00 -0.3% 59.00 64.00 6% 2% Neutral/Selling 63.50

Watch for top above

P63. Upside trend is weak.

Very Speculative


P68.

CMT 1.50 1.61 -6.8% 1.55 1.68 4% 4% Neutral/Selling 1.65

Trying to find a

bottom at P1.50 area

on low volume.



CPG 1.43 1.38 3.6% 1.35 1.43 2% 4% Neutral/Selling 1.40

Trend is still down on

higher volume but may see a

selling climax soon.



DIZ 14.86 16.30 -8.8% 13.50 15.75 9% 6% Neutral/Selling 14.00

Strong support at

P13.50. Will it hold?



FOOD 2.12 2.18 -2.8% 2.10 2.25 4% 3% Neutral/Selling 2.08

Upside momentum continues to weaken on lower volume.

Failure to break/hold

P2.20 is negative for

move to P2.05.

Very speculative


P2.25. Watch

volume.

GEO 0.51 0.51 0.0% 0.50 0.55 2% 8% Neutral/Selling 0.53

Trend is negative but may

find bottom at P0.50.



LIHC 0.97 1.01 -4.0% 1.00 1.06 1% 5% Selling 0.93

May find bottom at P1.00 area but trend is

negative.

Wait for confirmed

uptrend for Buying

opportunity.

LR 7.89 8.68 -9.1% 7.50 8.50 5% 7% Selling 7.50

Negative trend is growing stronger.

Wait for confirmed

uptrend for Buying

opportunity.

LRI 10.48 9.80 6.9% 9.40 10.00 4% 2% Neutral/Buying 10.00

Strong upside

breakout on higher

volume but watch for

top at P10.50 area.

Reached upside

target of P10.50. Wait for pullback.

LTG/TDY 12.88 13.06 -1.4% 12.58 13.80 2% 7% Neutral/Selling 12.60

Must hold current level or

then targets P12.47.

Speculative Buying

opportunity for move to P14.50 but must hold support.

Rick/reward is not

favorable.

MARC 1.73 1.84 -6.0% 1.70 1.80 2% 6% Neutral/Selling 1.70

Trend is negative on

higher volume.



NI 4.80 5.00 -4.0% 4.76 5.40 5% 8% Neutral/Buying 4.75

Failure to break/hold P5.00 now

targets P4.60. May see selling

climax soon.



NIKL 16.08 15.96 0.8% 15.68 16.50 2% 3% Neutral/Buying 15.60

Trying to find a

bottom and trying to

build upside momentum.

May see selling

climax soon.



ORE 3.12 3.09 1.0% 3.00 3.20 3% 4% Neutral/Buying 3.20

Looking for a bottom at P3.00 area.

Trying to build upside momentum

Speculative buying

opportunity for move to as high as

P3.50. Watch

Support and volume.

OV 0.039 0.039 0.0% 0.038 0.043 3% 10% Neutral/Buying 0.042

Found a short term bottom at

P0.038. Trying to

build upside momentum.

Very speculative

buying opportunity for move to as high as P0.045. Watch

Support and volume.

PAL 5.00 5.00 0.0% 4.55 5.13 9% 3% Neutral/Buying 5.25

Trying to find a

bottom at P5.00 area.

Trend is slightly

negative but trying to build upside

momentum.



PIP 5.76 5.37 7.3% 5.15 5.60 4% 4% Neutral/Selling 5.60

Good upside

breakout but needs

follow through to avoid a top

at P5.80 area.

Reached upside

target at P5.75. Wait for pullback for buying

opportunity.

PNX 9.24 9.01 2.6% 9.00 9.50 3% 3% Buying 10.00

Price is building strong upside

momentum if volume continues

to increase.

Speculative Buying


above P9.50 but watch

Support and volume.

Indecision resolving to the upside.

RFM 4.14 4.12 0.5% 4.00 4.25 3% 3% Neutral/Buying 4.20

Trying to build upside momentum but trend is

neutral.

Speculative buying


P4.40. Watch

Support and volume.

SMC 108.60 109.00 -0.4% 100 115 8% 6% Neutral/Selling 110

Trend is neutral with

negative bias.

Wait for confirmed

uptrend for Buying

opportunity. Risk/Reward

is not favorable.

VLL 5.10 5.00 2.0% 4.90 5.20 4% 2% Neutral/Selling 5.20

Must hold P5.00 or

then targets P4.80. Trend

slightly positive.

Speculative Buying

opportunity. For move to

P5.50 but watch

Support and volume very

carefully. Risk/reward

is fair.

WEB 13.14 13.90 -5.5% 13.00 14.75 1% 12% Neutral/Selling 15.00

Price is range

trading P13/14. No clear trend.

Very Speculative

Buying opportunity. For move to P15.50 but

watch Support and volume very

carefully. Risk/reward

is fair.

Disclaimer:

Mangun on Markets is a private subscription e-newsletter prepared and published by John Mangun. It is a technical analysis of the Philippine Stock Market

and individual stocks traded on the Philippine Stock Exchange. It is strictly a personal analysis of technical aspects of the markets and not individual

investment advice to its subscribers. The information publish is based on my opinion and interpretation of data publicly available. Although I make every

effort to provide the most accurate and updated information possible, information cannot take into consideration your personal finances and goals, and

therefore it is not intended to be used as customized recommendation to buy, hold, or sell securities, or engage in any trading strategy. Any investment

recommendation may, only be made by a personal advisor or the broker of your choice.

Notwithstanding any other agreement or other communications between John Mangun and Subscriber to the contrary, receipt or use of any material provided

by John Mangun, at any time and through any means,

pse strategy guide -december 9,2012

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