Price action is setting up for a short-term correction after breaking into a new 52-week high.
Look towards 26.60 to 28.40 to position for rally continuation.
Alliance Global Inc. (AGI)
In Uncategorized on February 20, 2014 at 9:17 pmAlliance Global Group, Inc. (AGI) – New 52 Week High
In Uncategorized on February 20, 2014 at 7:04 am
Old 52-Week High: 28.34
Low range correction days are the optimal time to buy.
MERALCO (MER)
In Uncategorized on November 15, 2013 at 5:48 pm
Price rebounded off 5-year weekly support at 277-285.
Currently expecting the prices to retest old resistance at 310-315 in December or January.
Currently on its fourth consecutive losing week.
Colfinancial recommendation is hold, pricing its fair value at 276.
https://ph2.colfinancial.com/ape/FINAL2_STARTER/ResearchCompUpdates/DOWNLOADS/2013-10-31-PH-E-MER.pdf
Like a headless chicken 