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andrew.rosanes'  Instablog

andrew.rosanes
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An investment analyst
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  • Banks On The Move: Strong Sector

    (click to enlarge)Rizal Commercial Bank

    (click to enlarge)Banco De Oro

    (click to enlarge)PNB

    (click to enlarge)UBP

    Tags: PHIL BANKS
    Sep 30 4:56 AM | Link | Comment!
  • The Diary Of A Speculator ( Philippines Financial Market 8 -13-12)

    This past week the market has been boring, a complete stalling flat market (Image 1.0). But from what I notice as I dig more deeper, looking up the chart longer. There is a congruency formation of a cup with a handle pattern between weekly (image 1.0) and daily chart (image 1.0), which is a favorite formation of mine of giving a high potential profit and low risk ratio. Measured move target is 5702 and protection at 5199.

    I am now 87% in the market and high exposure in my portfolio, it appears I might get stopped on some stock issues of mine. If it hits my stops, even if the market has potential to run higher I would be pretty much be in 50% exposure for mental balance in emotion for trading.

    Image 1.0

    This was a sort of stagnant week in my portfolio. My chosen stock Holcim (Image 1.1) has great cup with a handle formation, long potential target of mine around 20.82 estimates but what I hate about it is there is very little amount of liquidity. My stops could be easily hit. Below is more detailed explanation

    Image 1.1

    (click to enlarge)

    Philippines Stock Exchange (Image 1.2) is one of the stock that I have chosen to ride of because of pattern breakout that It did and macd seems signaling to move higher. I have a target of 450 with stop around 467.90, but these past three days, it doesn't seem to work out right because of decreased liquidity :(

    Image 1.2

    Vista Land residence (Image 1.3) is a chart that is loved but no fast action movement. If you look at the chart in weekly, a first large box formation that it made then retraces, a touch of demand in trendline before it moves up and now at major supply line with a one day reversal pattern. I only have half of my position here. I like this because the stocks made me profit little . This stock could move higher because of new high prices compared to other property developers. Macd and dmi is signaling to go higher. It appears the chart formation to be made is incomplete, if it is completed, I have a measured move of 5 pesos, getting 80% of volatility my price target would be 4.90

    Image 1.3

    RCB (Image 1.4) is a stock that I'm waiting for the longest time to run up but Its not running up but stalling . What is great about it is hasn't had a super large gain like 50% from the big base pattern. I'm going to wait this stock to move until stopped out. A core still position is still hold.

    Image 1.4

    CMT (Image 1.5) is stock that I still like but I sold the last tranche of my position at 2.45 because it has moved so quickly. I could have let the 2nd tranche to move. Oh well. This is still a stock to look at. Ill wait for the volume to die down or just move sideways before making a position. If that happens, I would hope that I have some spare allocated cash from portfolio to a 25% core position

    Image 1.5

    Disclosure: The author doesnt recommend securites to buy and sell.

    Aug 13 11:26 PM | Link | Comment!
  • The Trader Diary Of An Avid Learner Of Speculation (Financial Market In Philippines 8-4-12)

    (click to enlarge)

    The market had a huge run up from the base box formation pattern with a 20% run up for about three months. And it retraces back to 23.6 percent from a new high and formed, to which I think is mini high-powered cup with a handle pattern. I am going to be more aggressive since I think this is the 2nd base from the run, so its more of low risk and high reward ratio. But if it breaks the blue trendline I would liquidate 50% of my position. Right now, I am pretty much 65% in the market with proper stocks to buy if it continues more sideway this week I would be pretty much aggressive but if there is no chance. I would prefer sidelines.

    Assuming I have 100,000 pesos

    I liquidated half of my 25% core position in cmt @ 2.19 and selling @ 2.42

    LR stock stopped out to which I bought three days ago. I lost 5% of my 25% position

    Vll position to which I bought I think 3 weeks ago. 25% core position

    Rcb 25% core position is very slow and had only 2% gain for about 8 weeks of hold. 25% of my core position

    My stock picks to look at

    (click to enlarge)

    (click to enlarge)

    (click to enlarge)

    Happy Trading :)

    Aug 05 11:12 AM | Link | Comment!
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