Today's Top Gainer: VLL

All of a sudden, Vista Land breaks out of the pattern; a bullish descending wedge formation. Just need to see the volume pile up to confirm its breakout. Now on my watchlist.

My Eye on BPI

Why haven't I been looking at any financial issue? Because this belongs to one of the battered sectors (well, aren't they all battered?) in the financial markets. Almost everyday however, I interact with this company. My ATM, my online stock brokerage, our company's disbursing account, to name a few. So why not take a look and see what this has to offer. This is what I've found. Intermediate trend is still on a down trend. However, since mid March, it has been on a steady climb. From a low of P47.50 last March 18, it went to a recent high of P56.00 registered last April 2-4. It has been slowly going down since then till today's low of P53.00. Looking at the chart, it seems like it has formed a bullish flag. Today's low and close is at the 38.2% retracement. We might see a bounce from this level as shown in several times it hit lows of P53.00 which could be a strong support. I've looked at the MACD at these times and it's been going up at each instance. What I also like is that the MACD line has crossed above the zero line. Volume also increasing. Could it just be taking a pause before it resumes its uptrend? I'll wait till this breaks out of that flag formation. Attack upon breakout!

Ready for RLC?

Is reversal in the works for RLC? This stock has been on a downtrend since October of last year. From March of this year, however, I see a steady increase in volume. Yesterday, it tried to break out of its resistance line (shown in red) when it opened at P11.25 but due to lack in volume, had to settle at the day's low of P10.50. Today, it's been steady at that same price and is now sitting right along that resistance line. I'm likewise seeing what appears to be an inverse head and shoulder pattern, a reversal pattern. Looks like a good mix for its increasing volume. Attack upon breakout!

AT It Again?

Atlas Consolidated Mining. The stock has caught my attention 2 days ago when it surge from a low of P10.25 the previous day and hit a day high of P11.50 before settling o P11.00. Today, it's been steady at P11.25 despite a down market. Upon reviewing my chart today, this is what I see. Could this be a double bottom formation in the making? This formation is confirmed once it breaks the neckline at P11.75 - P12.00. However, it still needs to break that resistance line as shown by the red diagonal line. MACD line is sloping upwards and is now near the zero line. Volume for this year has been steady though not as high as last year's. Let's see if it can take out that resistance. Attack upon breakout!

Tuned In For TUNA

Alliance Tuna International. From June of 2007 till mid January of 2008, TUNA had been on a down trend. It's been the opposite ever since and is currently consolidating after its recent high of 2.16 achieved last March 5. A look at the chart shows that it's been forming a bullish inverted head and shoulder pattern. Buy when it breaks out of the neckline (see red horizontal line) coupled with a sharp burst in trading activity. Before it does so, it needs to break its major resistance line as shown by the blue diagonal line. If it does, it would affirm the bullish sentiment for this stock.

Today's Top Gainer: CEI

One stock I've been following for quite some time now (see my earlier post on CEI) as I took position on this last January 18 after the stock split. Turnover after however was very slow. It was a wrong decision to enter then as the stock hasn't broken out from any pattern. I was just anticipating that the handle of the cup formation was being formed from what appeared to me then as a descending wedge. Today, after holding the stock for more than 2 months, I decided to post sell my position at 0.08 prior to my meeting at 9:30 am only to find out later that it went on a rampage today. Whew! Talking about timing huh? Well, am not sad at all as this stock has gone out of hibernation and perhaps on its way to forming this beautiful cup and handle formation. Breakout point is estimated around .01-.011. This stock could be very rewarding when that happens. With the volume exhibited today, maybe it's not yet late to join the ride tomorrow for Crown Equities could be a jewel in the making.