From Greed to Great

Charts: FNI

FNI has been requested by one of the members in one group in Facebook for me to cover, so here's my brief analysis with regards to FNI.

FNI is still in a tight range for now, and considering the regulatory views of miners in the Philippines due to the strict implementation of DENR led by Gina Lopez, you should watchout carefully how the trade unfolds.

Figure 1: FNI Parameters

As far as my memory serves, this is one of the hyped stocks few years ago, were many investors are left crying with losses up to 100%. The key level to break for FNI is at 0.86 ~ 0.88 with big volume. Last Friday's close generated a volume buzz on my watchlist, and three (3) crossover signals which can be issued as a buy signal. Be cautious though as this is an exotic stock, and is mostly played in the market.

If you are a trend follower, please avoid this stock. For a momentum perspective, avoid this stock also. Watchout for volume buzzes so you can spot on potential returns on this stock.

Figure 2: FNI Ichimoku

Stock name	FNI
Current Price	0.86
YTD Return	24.64%
52Wk High	1.34
52Wk Low	0.46
MVWAP (10 days)	0.84
MVWAP (20 days)	0.84
MVWAP (65 days)	0.86
MVWAP (252 days)	0.87
YTD Flow	583,543,360.00
20D Ave Volume	10,481,300
50D Ave Volume	17,232,140
90D Ave Volume	33,159,256

CAVEAT!

Disclaimer: Trading is a risky thing and the post in this site are for educational purposes only. Equities and Forex Trading is speculative in nature and may harm every trader and investor by losing money. Thus, do not treat this post as a recommendation to BUY or SELL a stock or a currency pair. Blog contents are valid only on the date of publication and will be subject to change without notice. Thus, the reader is advised to take precaution, and is recommended to do their own studies before pressing the BUY and SELL buttons. I will not take any responsibility with the readers trading results.

Charts: MEGanon?

Greed to Great 11:21 AM Add Comment

Well, I have been trading $MEG before, though from my experience it is quite well correlated with the Philippine Composite Index, thus sometimes I tend to look at PSEi first, to see its support and resistance, before I look at highly correlated stocks like MEG.

Figure 1: MEG Yearly Chart

If we look at the yearly chart of MEG, it is a buy on dips, with immediate line in sand at Php4.25, or the year should close above Php4.25 in order to have a shot at trading high next year.

Figure 2: Spyfrat Chart

Looking at RSI (30), there's a current resistance shown in Figure 2, with a resistance also of 50SMA, so if you think it will stop for a while on those resistances, calculate risk reward before opting to trade the stock.

Figure 3: Support and Resistances

Looking at the parameters, if you want to trade the stock come Monday, line in sand at Php4.49 with the expectation that it would break above Php5.5, as I see that the stock is bullish at this point with a series of structure highs. This would I think give you a better risk reward.

Stock name	MEG
Current Price	4.79
YTD Return	12.71%
52Wk High	5.51
52Wk Low	3
MVWAP (10 days)	4.62
MVWAP (20 days)	4.7
MVWAP (65 days)	4.87
MVWAP (252 days)	4.28
YTD Flow	-717,022,336.00
20D Ave Volume	45,948,048
50D Ave Volume	43,508,164
90D Ave Volume	45,909,256

Scatter-plots: The Leaders and Laggards

Greed to Great 10:37 PM Add Comment

You might already have known about scatter-plots before, it is usually used by groups and traders such as BOH of Jiego, and The Dividend Observer. So basically, mine is just a replicate of that system, but I don't know how they use it, or if there are other systems they coupled with it, but for me I just used it to generate or filter stocks which are kind of an outlier. And from that, I look at the charts, look at statistics and do trade planning. This is one way of filtering stocks so you won't have to look at every stock of PSE.

Figure 1: Scatterplots

Basically, from this data, I would try to find the outlier, which in Figure 1 (which shows the 3months versus Year-to-Date returns of the index stocks), I would like to look at SMC, PCOR, ICT, EDC, TEL, EMP, DMC or SCC. With that list, instead of looking at 30 stocks, I would have to look at only a few of them. But do take note that the timeframe for these one would depend on the timeframe of your returns plotted, meaning, since the figure is pointing out a 3MO Vs YTD Return, then your timeframe should also be medium term to long term.

Let me know if you need copies of this so I can plan how I would share it to everyone.

Charts: SPX500 Warning!

Greed to Great 7:16 PM Add Comment

Many investors in the Philippines correlates indices from other countries, and one index that investors watch for sentiment is the SPX500. SPX500 is S&P 500 Index of US listed shares.

I have been quite cautious and have watched how this index would unfold, since I am thinking that momentum has slowed down.

Figure 1: SPX500 Chart

Though it broke above 2,100++ levels, and currently held it, if momentum doesn't build up, this is going to be quite bearish. Though FED has not raised interest rates this September, I am still observing this as I think this could be the last leg up for SPX500. Fibonacci Extensions are shown below for price projection and target. Watchout for 2300-2400 levels.

Figure 2: Fib Extensions

Charts: FLI high!

Greed to Great 6:25 PM Add Comment

$FLI (Filinvest Land, Inc) is one of my favorite stocks in PSE, though as of the moment, I have no shares with FLI. I missed the buy level last September 9, 2016, which would have produced me close to 10% by now.

Figure 1: FLI Levels

FLI needs to punch through midpoint at Php1.95 to avoid a potential lower high, which as you know is a bearish indication which would mean that momentum has slowed down. Buy levels at Php1.81 - Php1.86, though you can buy on the levels posted, just make sure to calculate risk vs reward ratio before buying. A risk reward ratio of 3 is pretty good enough.

Figure 2: Bearish Butterfly on the Monthly

On harmonics perspective, I am looking at this potential butterfly setup on the monthly chart, with target prices as shown on the image. I will be bearish with the stock if it breaks below Php1.80.

On a side note, those who have been using Jared's SWAG and Mark Anthony's crossover system, they have issued a BUY signal. Volume is quite good also with statistics as shown below.

Stock name	FLI
Current Price	1.91
YTD Return	5.52%
52Wk High	2.08
52Wk Low	1.32
MVWAP (10 days)	1.86
MVWAP (20 days)	1.88
MVWAP (65 days)	1.94
MVWAP (252 days)	1.79
YTD Flow	-139,602,848.00
20D Ave Volume	10,836,850
50D Ave Volume	18,999,220
90D Ave Volume	18,576,678

Charts: CHIB

Greed to Great 9:50 PM Add Comment

$CHIB has been one of the low volatility stocks that you would want to have (10 day Volatility at 4.08%) though it has only been up 1.88% year-to-date. But here's some brief analysis with the stock.

Figure 1: CHIB

$CHIB is currently below 50SMA, but I found an RSI support at 45 level. This may provide a little bit of a bounce.

Figure 2: Foreign Flows

In Foreign flow perspective, it has a net inflow of around Php58M, which is pretty good compared to other stocks. But take note that CHIB is in a narrow range as of the moment, so it needs to take out Php39.5 definitively in order to widen its range.

Figure 3: Range Parameters for CHIB

If I would have to trade it, I would buy it at market price tomorrow (Php37.9) with a stop at Php37.1 and target above Php39.5. That would give me a decent Risk Reward Ratio of 2. Though multiple MVWAP resistance are waiting at around Php38 level.

Statistics are shown below:

Stock name	CHIB
Current Price	37.9
YTD Return	1.88%
52Wk High	43
52Wk Low	33.5
MVWAP (10 days)	38.06
MVWAP (20 days)	38.12
MVWAP (65 days)	38.11
MVWAP (252 days)	38.44
YTD Flow	57,823,264.00
20D Ave Volume	83,000
50D Ave Volume	101,066
90D Ave Volume	96,414

Charts: EURUSD

Greed to Great 8:20 PM Add Comment

One of the currency pairs that is mostly traded in Forex is the EURUSD. As I have said before, when I trade with Forex, I usually use Harmonics and Structural Trading, as I am more confident with my trades. Quite different with how I trade my stocks though, but still I get to have high probability trades and risk management.

Figure 1: EURUSD Chart

The chart is a BAT pattern, and it is quite a good pattern to trade as per my experience. Potential Reversal Zone is at 0.866 retracement of the XA leg. You can go long there and put a stop below 100% retracement. Though I do not trade it like this, as I always use to find confluence with Fibonacci's and structures, it is a great start for you to learn more about harmonics.

Also, for your information, I am using FXCM's Tradestation, but I like to draw in tradingview when it comes to harmonics.

CAVEAT!

Disclaimer: Trading is a risky thing and the post in this site are for educational purposes only. Equities and Forex Trading is speculative in nature and may harm every trader and investor by losing money. Thus, do not treat this post as a recommendation to BUY or SELL a stock or a currency pair. Blog contents are valid only on the date of publication and will be subject to change without notice. Thus, the reader is advised to take precaution, and is recommended to do their own studies before pressing the BUY and SELL buttons. I will not take any responsibility with the readers trading results.