Watchlist!

Stocks to look out for if they open strongly today!

ALLIANCE GLOBAL GROUP, INC. (AGI)
ATLAS CONSOLIDATED MINING (AT)
PHILIPPINE NATIONAL BANK (PNB)
PHILEX MINING CORPORATION (PX)
UNIVERSAL ROBRINA CORPORATION (URC)

And the Aboitiz stocks too - AP and AEV!

Everything is purely on technical basis~

*UPDATE!

Last week, I decided to look on to several stocks for possible trades. The basic requirement for them to be a buy is for them to open strongly. Let's see how did they fare this past week:

AGI: Fulfilled the requirement to open strongly on the opening of the market. However, it would seem that it did not sustain its strength to further advance through out the week, and it only formed short days(candles).

Weekly rate of change just started to gain strength suggesting further advances in price in the coming week or two.

AT: Despite of the increasing rate of change, its price barely moved. Therefore it did not fulfill the basic requirement for a buy.

However, the divergence in price and rate of change suggests bullish behavior so it could possibly spike up by next week - opposite of bearish divergence in price and rate of change which often results to relatively lengthy corrective consolidation.
(Just an observation).

Weekly rate of change just started to gain strength suggesting further advances in price in the short term.

PNB: Opened relatively weak on the start of the week which is directly the opposite of the buying condition. However, advanced fairly well which have led to either a whipsaw or not being able to ride the boat.

It is now looking to break its previous high of 73.50.

Weekly rate of change just started to gain strength suggesting further advances in price in the short term.

PX: Opened relatively well this week and was able to sustain it until last Friday as it met strong selling pressure at 15(gap - resistance; 61.80% Fibonacci retracement).

Weekly rate of change just started to gain strength suggesting further advances in price in the short term.

URC: Opened very strong this week although it wasn't able to sustain its initial strong opening.

Weekly rate of change remained flat because of the inability to sustain its daily gains. Its price movement on Monday will decide its own direction in the short term.

It is to be noted that four out of the five stocks in the list have a confirming buy signal on the daily and weekly chart: AGI, AT, PNB, and PX while URC remained neutral.

*Short term: 1-2 weeks.