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Philippines Stock Exchange PSEi Index After 3 months of downtrend price action, PSEi started showing signs of Bullish Divergence pattern on many technical indicators (around first week of May). The breakout from its 3 months downtrend line and into the 4th month of another pullback (a sort of Dead-Cat-Bounce or DCB), Bullish Divergence pattern continues to unfold. - Bullish Divergence pattern as price action gets closer to the major support area around 7400 is a potential sign that it's closer to the bottom if not the bottom yet. - If the price action starts to consolidate around the major support area, it will likely confirm the Bullish Divergence pattern and signal the bottom. *See previous PSEi chart analysis here: https://psetrends.blogspot.com/search/label/PSEi Trading Plan - For medium to long term position trade, accumulation of key stocks (or index fund) near or below 7400 should give a good risk-to-reward ratio moving forward.

Megawide Construction Corporation MWIDE is now trading again near the support line of its 8-month Upward Price Channel. - immediate support area around 20.85. - immediate resistance around 23.00. Trading Plan - Potential position trading opportunity again near the support areas. The lower the better approach (medium to long term trade still).

Megawide Construction Corporation MWIDE is currently trading at the support line of its 5-month Upward Price Channel. - immediate support area around 17.70. - immediate resistance around 19.70. Trading Plan - Potential position trading opportunity around the support areas. The lower the better approach (medium to long term trade)

Source: First Metro Securities https://www.firstmetrosec.com.ph/ February 9, 2018

SM Prime Holdings, Inc. SMPH formed up a Bullish Piercing Line pattern as it hits the Major Support area around 35. See previous analysis on SMPH for reference: https://psetrends.blogspot.com/2017/06/smph-breakout-continuation.html Trading Plan - Accumulate near support area for a position trading (medium to long term position).

Megaworld Corporation As MEG continues to trade in its 3-month Downward Price Channel, a potential Bullish Divergence pattern is developing after retesting the support at 4.80 (4.7~4.8). See previous MEG analysis for reference: https://psetrends.blogspot.com/2018/02/meg-price-action-update.html Trading Plan - Buy the breakout from its Downward Price Channel on good volume. - For position trade, accumulate the dips near support area and set the stop-loss a few points below 4.70.