VUL

if you regularly visit this blog, youll notice that I have been covering Vulcan since last year. Reason: I have Vulcan shares and I have been patiently waiting for National Bookstore backdoor play.

Vulcan Feb 24, 2016 disclosure:
National Book Store, Inc. (NBS) has fully paid 363,944,388 shares of stock of its total subscription to the increase in capital stock of the Corporation, and for which all appropriate taxes have been paid. Hence, the said number of shares have been issued to NBS.

The last time NBS did this was 2014.

Will it breach 2/share?

Will the NBS backdoor finally push through.

Will our patience come to fruition?

ISM

bought at 1.13 few days ago and bought again today at 1.21 hope it reaches 2 at least but I wont complain if it become 4. telstra?????? as of now, it is still what we call kwentong barbero.

FGEN

support: 17.6
resistance: 19.38

VUL: good news and bad news

Good news:

• closed above 5 day EMA and 20 day SMA.

• RSI and STS going up

Bad news

• no volume

• backdoor listing still uncertain

PCOMP worst case scenario: Head & Shoulders

PSEi	6,642.45
-0.88%	-58.91

 

Fig 1. Worst case scenario for PSEi

 

Fig 2. H&S pattern (from investopedia.com) 

Hope this doesnt happen.

FLI

FLI is trying to break its 1.5-1.51 resistance
if it does, I expect it to consolidate around 1.65-1.85
and if things go right it will probably go 2 and above.
Of course if it fails to break 1.5-1.51 resistance I expect this to go below 1.3

Did they bounce?

Reviewing my last 2 post before this one
s
ALI went as high as 29 then closed at 28.6, a 5.15% increase

FPH closed 3.05% higher than yesterday

AGI also increased by almost 4%

Well it seems everyone bounced as predicted, almost...

FLI with bullish hammer was sort of a failure, but I'll wait for price action next week before we say its a false bullish hammer.