"When there are huge losses in the market you'll have opportunities to buy good companies with stocks that have become bad because the market turned down."
San Miguel Corporation SMC is recently trading near its immediate support area including the 19-month uptrend line. Trading Plan - Potential buy near support with a stop-loss a few points below immediate support area (keep at least 1:2 risk/reward ratio, the higher the better).
Bloomberry Resorts Corporation BLOOM is trading in an Upward Price Channel and currently on the third retest of the uptrend resistance line. It's also potentially forming a Bearish AB=CD harmonic pattern with PRZ or Potential Reversal Zone at 9.71 (9.58~9.71). See previous BLOOM analysis for reference: https://psetrends.blogspot.com/search/label/BLOOM Trading Plan - Take some profit or scale down position and profit run the rest with trailing-stop. - Or wait for a reversal pattern and confirmation before taking action.
Jollibee Foods Corporation JFC's price action is now at the resistance line of an upward price channel. Yesterday's candlestick pattern also needs monitoring as it may develop into a bearish star pattern variant like an Evening Star pattern *Major support at 260 Trading Plan - For short term trading position, take profit or scale down position. - Set trailing-stop on remaining position.
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