Screening through the list of stocks in the Philippine Stock Exchange, here are a few companies that performed well this past week (March 12-16) and should be on your watchlist this week:
1. ALHI
ALHI broke out of its resistance of 18 this past week in its weekly chart, and is still on a healthy uptrend.
2. CROWN
CROWN has been on a long term down trend, but it broke past its resistance of 2 this past week (Weekly Chart). Moving averages are also about to crossover, watch out for this stock if it continues to break out.
3. ROCK
ROCK just bounced from its support at 1.86, giving it the chance to reach its recent highs of around 2.65 in the weeks to come. Moving averages are all pointing toward a bullish momentum.
4. JFC
JFC broke out for the first time from its resistance of 300! The stock is at an all time high, and is bucking the downtrend of the PSE index. It could go as high as 320 or more if the breakout continues this coming week.
5. LR
LR broke out of its long consolidation and has been on a rampage the past 3 weeks. Not to mention its huge volume, this stock could be on the heels of a powerful bull run if this momentum continues
These stocks have been all based on my own technical analysis, and is in no way a recommendation to buy or sell any stock. Trade at your own risk, and study the charts.