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Tuesday, August 19, 2008

StockWatch: AGI, JFC, PNB, PX, VLL

AGI - Breakdown :( It hurts because I was not able to cut loss with this issue. One, I woke up late. Second, It was fast I was not able to post @ 3.40, 3.35. And, when it went back to 3.40 I decided to hold! (Bad isn't it) Anyway, I hope and do hope that somehow tom it will recover a little allow me to do a graceful exit first before proceeding down to 3.20 or lower. Hehehe.

AGI as of August 19, 2008
Current Pattern-Rounding Top, Might continue down to 3.20



JFC - This seems to be in a trading zone. Despite the market sentiment it was able to hold the price @ 39.00. My ideal price to get into this stock is @ 38.00.

JFC as of August 19, 2008
Current Pattern-Rectangle Support-38.00 Resistance-40.50


PNB - Trading Range 32.50 to 34.50 (Hmm, that's about 4%)

PNB as of August 19, 2008
Current Pattern-Rectangle Support-32.50 Resistance-34.50


PX - Still in trading zone. I hope PX will be able to break the resistance @ 7.6 for it to proceed to my target price @ 7.80.

PX as of August 19, 2008
Current Pattern-Rectangle Support 7.4 Resistance 7.6
If breakout from 7.6, target price 7.8. If breakout from 7.8, target price 8.6.


VLL - It seems to me that VLL is forming a descending triangle on my chart. Although, it has held its support @ 2.36. Still, descending triangle is a bearish pattern. I'll be watching this stock as how VLL will perform this week.

VLL as of August 19, 2008
Current Pattern-Descending Triangle Support-2.36 Resistance-2.44
If breakdown, price will might reach 2.16


Overall, I think PSEi is still in fighting mode. Despite the 180+ down in DOW Jones which in the past this means big down for PSEi already. But today performance, market seems to be in a defensive mode. Although a lot of issues have breakdown there are still some who are fighting to hold its support.



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