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Technical Analysis of Selected Blue Chip Stocks

Updated Every Mondays. Last update - 8/31/2010

* The stocks included in this list are the 10 most heavily weighted stocks on the PSEi.

Stock

Close

Support

Resistance

 Trend

Recommendation

AC 340.00 332.50 350.00 Sideways to Up Trade the range

Correcting back down from its peak at 358.00 but now approaching its support at 332.50.

medium-term 316.00 358.00 Sideways Buy if breakout

Trying to breakout above its consolidation but is still encountering resistance at its 52-week high of 357.50.

AEV 21.50 21.20 22.60 Sideways Buy if breakout / Avoid if breakdown

Formed a clear-cut consolidation between 21.20 and 22.60. Expect a big move to occur soon either up or down.

medium-term 18.50 / 21.00 25.00 Sideways to Up Buy if support holds

Trying to hold above its support at 21.00. If it holds, it may still form another new high.

ALI 16.50 16.00 17.50 Up Hold

Broke above its resistance at 16.00. Looks poised to test its medium-term resistance at 17.50.

medium-term 14.80 17.50 Up Hold

Continuing to trend up strongly. Looks poised to test its medium-term resistance at 17.50.

BPI 47.60 47.00 48.15 Up Buy if breakout

Trying to hold above its support at 47.00. May continue to trend up if support holds.

medium-term 45.50 / 47.00 * 48.90 / 57.50 Up? Hold

Appears to have begun to trend up already but is still encountering resistance at 48.90. Needs a convincing breakout above 48.90 to confirm its uptrend in the medium-term, otherwise, may consolidate once again.

EDC 4.62 4.60 4.75 Sideways Trade the range

Trying to hold above the 4.60 level but a formation of a lower high at 4.75 is making the stock vulnerable to a further decline.

medium-term 4.30 5.05 Sideways Trade the range

Possible bearish lower high at the 5.05 level in the works but still generally just trading sideways as long as prices hold above 4.30.

Stock

Close

Support

Resistance

 Trend

Recommendation

MBT 63.90 63.50 65.35 Up Buy if breakout
Trying to hold above the 63.50 level. Needs to break above 65.35 convincingly to continue to trend up.
medium-term 59.75 67.25 Up Hold

Uptrend continues but encountering resistance at its medium-term resistance at 67.25.

MER 176.00 171.00 181.00 Sideways to Down Sell

Trying to hold above the 171.00 level but already encountering resistance at the 181.00 level.

medium-term 165.00 200.00 Sideways Trade the range

Continuing to drop from its peak at 197.00 but now approaching its major support at 165.00.

SM 470.00 450.00 500.00 Sideways to Up Take profits

Established resistance at the 500.00 level. May consolidate for now, at best.

medium-term 425.00 500.00 Up Take profits

Held below its resistance at 500.00. Poised to correct back down towards 425.00?

SMPH 10.92 10.70 11.44 Sideways Trade the range

Correcting back down from its peak at 11.44 but no approaching its support at 10.70.

medium-term 10.70 11.50 / 13.00 Sideways to Up Buy if breakout / Avoid if breakdown

Failed to take out its resistance at 11.50 once again. Expect a big move to occur soon either up or down.

TEL 2448.00 2390.00 2454.00 Sideways Trade the range

Trading within a clear-cut range of between 2390.00 and 2454.00.

medium-term 2390.00 2500.00 Sideways Buy if breakout / Avoid if breakdown

Formed a clear-cut trading range of between 2390.00 and 2500.00. Expect a big move to occur soon either up or down.

* Definition of Technical Terms

* Definition of the Recommendations

* Tsupitero.Com Technical Analysis Approach

Important Notice - The recommendations above are intended to be used by Tsupiteros only or those whose holding periods are between one day to two weeks. Those who would like to position for a longer period should not follow these recommendations.

Legend - + recommend to buy if resistance is taken out to the upside
              * recommended stop

 

   

 

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