JGS: short term support and resistance

Resistance: 85
Support #1: 80.7
Support #2: 76-77

Private placement: 142.5M Shares @ 82.10/sh

VUL

Support: 1.25
Next Support: 1.12-1.13
Resistance: 1.46-1.47

Interesting is that Vulcan postponed its ASM. Why is that? Are they going to announce something big? Or Im just hoping they will announce something big. Let's wait and see.

FPH: consistently giving cash dividend yearly

P1.00 per share (or 90 cents per share after taxes)
Ex-Date: May 13, 2016 
Payment Date: Jun 02, 2016 

FPH is giving cash dividend twice a year (May and November) for the past 5 years.  Thats a 2.5% income in a year if you buy at 70 pesos per share.

Here's a company where you can put your money and forget about it until you retire or if price hit 100 pesos per share and above. One of the best candidate also for EIP or averaging strategy.

FV of COL as of today is P138.20/share - almost double of its current price today P66-70/share.

Downside: Lopezes own this company. Our president elect Rodrigo Duterte is not a Cojuangco.

FLI

FLI managed to go to as high as 1.85 last week but is facing strong resistance at 1.85-1.9 area. It closed at 1.8 last Wednesday. Consolidation probably at 1.6-1.8. Remember my post about this stock last January? If you bought this @1.5, you should have at least made yourself 15% richer in just 2 months. For some its enough to cover their vacation expenses.

For those who got out, you may want to buy back again at 1.7 to 1.5/share -that is, if my prediction that FLI is forming a cup and handle pattern is right.

FPH: Facing major resistance

Remember my post last January about FPH hitting 52 week low at 49-51? It has so far risen since then to almost 25%. As of this writing, price is 64.3 pesos per share. For those who got it at 51 pesos per share, 25% profit in just 2 months isnt really bad.

At this level FPH is facing strong resistance: around 64.5 both from 130 day SMA and 23.6% fibo. If FPH breaks this resistance, 73-74/share is the next major resistance.

TEL: worst case scenario 1500 pesos per share?

Fibonacci retracement for 10 years

50%: around 1850
61.8%: around 1500

PX

The Pennant The pennant forms what looks like a symmetrical triangle, where the support and resistance trendlines converge towards each other. The pennant pattern does not need to follow the same rules found in triangles, where they should test each support or resistance line several times. Also, the direction of the pennant is not as important as it is in the flag; however, the pennant is generally flat.

Read more: Analyzing Chart Patterns: Flags And Pennants | Investopedia http://www.investopedia.com/university/charts/charts6.asp#ixzz41dZlAM80
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PX today

 

NEWS on PX

Security Name	Philex Mining Corporation
Date	03/01/2016
Headline	C01009: Philex Mining declaration of property dividends
Source
Content
Ex-Date: Mar 10, 2016 Type of Securities: Common Property Dividend: Date of Approval by Board of Directors: Feb 29, 2016 Date of Approval by Stockholders: N/A Date of Approval by Securities and Exchange Commission, if applicable: TBA Other Relevant Regulatory Agency, if applicable: N/A Date of Approval by Relevant Regulatory Agency, if applicable: N/A Property to be Distributed: Philex Petroleum Corporation (PXP) Shares Entitlement Ratio: 17 PXP Shares for every 100 PX shares Record Date (to be determined after necessary approvals): Mar 15, 2016 Payment Date (to be determined after necessary approvals): TBA