Technical Analysis of Selected PSE Securities

* The stocks included in this list are those with an Average True Range of at least 2.50% and an Average Value Turnover of at least P2,500,000.00 per day during the last four trading days.

Stock	Close	Support	Resistance	Trend	Recommendation
AC	295.00	282.50	307.50	Sideways to Down	Sell on strength
Broke below its psychological support at 3.00 but already trying to hold above the 290.00 level.
AGI	3.40	3.25	3.45 / 3.60	Down	Trade the range
Broke below its support at 3.60 but trying to hold above the 3.25 level.
ALI	10.25	10.00	10.50 / 11.25	Sideways	Trade the range
Trading within a tight range of between 10.25 and 10.50. Needs to hold above 10.00 in order to climb back up near 11.25.
AP	5.50	5.20	5.70 / 6.10	Down	Trade the range
Broke below its support at 5.70 and is trending down in the short-term but I expect prices to form a higher low relative to its previous low at around 5.00.
AT	12.25	11.50	12.50 / 13.50	Sideways to Down	Trade the range
Held below its resistance at 13.50 but still trying to hold above its previous low at 11.50.
BDO	41.00	37.00 / 40.00	42.00 / 45.00	Down	Sell on strength
Broke below its support at 42.50 but trying to hold above the 40.00 level.
BPC	1.30	0.97 / 1.26	1.36 / 1.50	Down	Sell on strength
Deep correction from its peak at 1.70 may be bearish. Bearishly consolidating at its lows.
BRN	3.40	3.35	3.65	Sideways	Trade the range
Formed a clear-cut consolidation between 3.35 and 3.65. Toppish or Continuation pattern?
EDC	4.50	4.00 / 4.45	4.55 / 4.85	Sideways to Down	Sell on strength
Bearishly consolidating at its lows. Barely trying to hold above its support at 4.45.
FGEN	25.00	20.00 / 24.00	26.00 / 30.00	Sideways to Down	Sell on strength
Deep correction from its peak at 32.50 may be bearish. Tried to hold above 25.50 but failed.
FLI	0.77	0.72 to 0.74	0.80 to 0.82	Sideways to Down	Trade the range
Deep correction from its peak at 0.88 may be bearish in the short-term but already trying to hold above the 0.74 level.
FPH	28.00	27.50	28.50 / 34.00	Sideways to Down	Sell on strength
Deep correction from its peak at 36.50 may be bearish. Bearishly consolidating at its lows.
GEO	0.83	0.70 / 0.82	0.86 / 1.02	Down	Trade the range
Deep correction from its peak at 1.02 may be bearish in the short-term but already trying to hold above the 0.82 level.

I	3.85	3.75	4.30	Up	Buy if support holds
Correcting from its peak at 4.30 but uptrend is still intact as long as prices stay above 3.75.
JFC	39.50	39.00	40.50 / 42.50	Sideways to Up	Buy if support holds
Formed a tight consolidation between 39.00 and 40.50. Possibly just resting before it continues to climb higher.
MBT	37.50	35.00 / 37.00	38.50 / 41.50	Down	Trade the range
Deep correction from its peak at 41.50 may be bearish in the short-term but trying to hold above the 37.00 level.
MEG	1.34	1.10 / 1.28	1.44 / 1.56	Down	Trade the range
Deep correction from its peak at 1.72 may be bearish in the short-term but trying to hold above its support at 1.28.
MUSX	0.29	0.28	0.31 / 0.33	Sideways	Trade the range
Continuing to trade within a clear-cut consolidation of between 0.28 and 0.33. Formed a lower high though at the 0.31 level.
OV	0.029	0.024 / 0.028	0.030 / 0.033	Sideways to Down	Trade the range
Formed a tight consolidation between 0.028 and 0.030.
PAX	3.15	2.95 / 3.10	3.35 / 3.50	Down	Trade the range
Deep correction from its peak at 4.05 may be bearish but already trading near its major support at 2.95.
PLTL	8.60	8.00 / 8.40	8.90 / 10.00	Down	Trade the range
Deep correction from its peak at 9.90 may be bearish but already trying to hold above the 8.40 level.
PNB	32.00	31.50	33.00 / 38.50	Up	Buy if support holds
Trying to hold above its support at 31.50 to 32.50. Possibly just consolidating before it forms another higher high.
PSE	715.00	650.00 / 700.00 *	725.00 to 730.00	Sideways to Up	Buy as long as support holds
Testing its previous high at 715.00. Bullishly consolidating at its highs. Possibly just consolidating before it continues to climb higher.
TBGI	3.05	2.90 to 3.00	3.35	Sideways	Trade the range
Trading within a clear-cut consolidation of between 2.90 and 3.35.
SM	275.00	262.50	290.00 / 310.00	Down	Trade the range
Deep correction from its peak at 310.00 but appears to have already formed a trough at 262.50.
TUNA	1.46	1.36 / 1.44	1.62 / 1.74	Up	Buy if support holds
Correcting from its peak at 1.62. Testing its support at around 1.44.
UPM	0.011	0.008 / 0.010	0.012 to 0.013	Down	Sell on strength
Long black candle right after a long white candle is bearish.
URC	11.00	10.50	11.50	Sideways	Trade the range
Continuing to consolidate within a clear-cut range of between 10.50 and 11.50.
VLL	2.30	2.00 / 2.20	2.36 / 2.50	Down	Trade the range
Deep correction from its peak at 2.65 may be bearish but already trying to hold above the 2.22 level.
WEB	0.043	0.042	0.044 / 0.050	Up	Buy as long as support holds
Bullishly consolidating between 0.042 and 0.044. Possibly just consolidating before it continues to climb further.

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