Post Trade Analysis: DGTL

Digital Telecommunications Philippines Inc (DGTL)


Analysis:

• Early sign when the 4-day EMA crossed above the 9-day EMA on 12/18/2008.
• +DI crossed above the -DI at 12/23/2008.
• Confirmation signal occured on 1/7/2009 when the 9-day EMA crossed above the 20-day EMA. This is also where the extreme point rule breached when the stock closed at 1.02.
• RSI is above 50.
• -DI crosses above the +DI on 1/20/2009. However it's a false since extreme point rule was not breached plus the +DI crosses above again the -DI on 1/26/2009. At this point, extreme point was again breached on 1/27/2009 where the stock closed at 1.04.
• All EMA are on bullish alignment.

Trade:

• Purchased the stock at 1.12.
• Target price at 1.18 - 1.20 range. If the price hits, apply trailing stop on previous day close.
• Stop loss at 3-5% of purchase price for loosing trade. 7-10% loss is already very devastating.

Mistakes:

• Late entry. I should have purchased this stock at 1/8/2009.
  

Post Trade Analysis: MER and GLO

Manila Electric Company (MER)



Analysis:

• Early trend signal had happened where the 4-Day EMA crosses above the 9-Day EMA.
• +DI crosses over -DI at 12/10/08. Extreme point rule breached at 12/15 when the price closed at 59.
• We can see that a higher high was established at 02/03/09.
• The 3 EMA are in bullish allignment.
• The ADX line is also rising
• The gap between the +DI and -DI had widened
• The RSI consolidation at the 58 level was breached at 02/03/09.

Trade:

• Purchased the stock at 62.
• Sell at 7-10% of purchase price for a loosing trade.

Globe Telecom Inc (GLO)

Analysis:

• 4-Day EMA crossess above 9-Day EMA at 1/28/09. This was confirmed when the 9-Day crosses above the 20-day EMA at 1/29/2009.
• +DI crossed above the -DI at 1/27/2009. Extreme point of 820 was breached at 1/29/2009.
• The 3 EMA are in bullish allignment
• RSI is rising.

Trade:

• Purchased the stock at 842.
• Sell at 7-10% of purchase price for a loosing trade.

Updates:

• 02/11 - MER closed at 78 and it is still trending. Moving my trailing stop at 75. This will be the turning point if this will breach or will consolidate again on the 80 level.
• 02/10 - MER target price of 75 was hit. Stock closed at 75 and looks poised on testing its 77-80 level. RSI is at 80 and very overbought already, however the ADX is still rising plus the +DI is still trending up and widening its gap with the -DI. Decided to hold this for a while. Moving my trailing stop at previous day close at 73.5
• 02/09 - MER target price of 72 was hit. Stock closed at 73.5 and will be retesting 75-77 levels. Mvoing the trailing stop on previous day close at 69.5.
• 02/07 - MER target price of 70 was reached although the stock closed at 69.5. The stock is already overbought and many who has positions on this will probably take their profits now. However, my prediction on this one is probably it will climb towards its 72-77 level and will retest again on 80 level where the stock consolidated for a year. I'll be selling some of my position on Monday to lock some profits. For my remaining position, I'll be moving my trailing stop at previous day's close of 65.5
• 02/05 - Sold all my GLO positions as it formed a bearish engulfing pattern yesterday.
• 02/05 - MER target price of 63.5 was reached. Today's close was 65.5. Moving my stop at previous day's close at 63.

PLDT Xperience Plan

Finally after 2 long years of having 400kbps DSL connection w/c is supposed to be a 1Mbps connection




Its already 1 week since I've experience this and I hope PLDT maintains my speed at this range. But if this speed becomes a 512-700kbps again, then they will hear me complaining again.