Property Stocks Review

 Posted by at 11:37 PM  Global Equities
Jun 142017
 

The pullback of the index from 8,000 is giving us an opportunity to enter into blue chip property stocks like ALI. In the weekly view, price has been making higher highs and higher lows. Should ALI be able to make a lower low and close low, then we may see a significant pullback hopefully to bargain price around 38.00 to 33.00

Screen Shot 2017-06-14 at 22.26.19
 
Co-blue chip property stock SMPH has quite a similar movement with ALI. Pullback to bargain levels 31.55 to 28.00 would be great entry areas

Screen Shot 2017-06-14 at 22.31.42
 
MEG seems to be ahead in price correction. Entry levels start at 4.00 to 3.40

Screen Shot 2017-06-14 at 22.37.44
 

Hot stock MRC made a run last week to resume its uptrend. There are two ways to get in. Any correction to 0.40 to 0.33 would be the nearest level for a quick trade. However, if it breaks the recent low at 0.32, then the best level for entry would be the range of 0.25 to 0.19.

Screen Shot 2017-06-14 at 22.45.45
 

GERI has been quietly rising since 2-3 weeks ago, breaking the 1.08 resistance. Major resistance now is at 1.24. Breakout traders should watch that level closely. For pullback traders, 1.08 to 1.04 should be key levels of support.

Screen Shot 2017-06-14 at 23.07.02
 

VLL has also been rising. It broke out of its immediate resistance of 5.30. 6.60 is the next resistance level. A pullback to 5.30 to 5.00 would be good entry points.

Screen Shot 2017-06-14 at 23.15.41
 

The preceding set of stocks listed are currently moving and would take some waiting time for it to reach bargain levels. That’s if, IF it corrects at all.

Let me spot for you 3 stocks that are currently correcting and wouldn’t take too long for us to get in.
 
ALCO: 1.12 to 1.00 range
Screen Shot 2017-06-14 at 23.20.38
 
PRMX: 3.45 to 3.00 range
Screen Shot 2017-06-14 at 23.28.17
 
RLT: 0.63 to 0.57 range
Screen Shot 2017-06-14 at 23.31.24
 

Methodology:
Pullback entry would vary and would depend on the trader. One can enter by anticipation at key price points or wait for confirmation signal in the daily chart. Stop loss levels will vary to risk appetite and money management techniques imposed by the trader.

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Hanson

Hanson is a Certified Securities Representative in the Philippine equities market. All posts herein are personal views and are not endorsed by any organization whatsoever. It is important that you practice due diligence in your trade plans. This website and its authors will not be held responsible nor liable to any of the reader's losses.

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