STOCKWATCH : SEPTEMBER 1 - 5

AC - AYALA CORPORATION

Ayala Corp. broke the falling wedge formation last Aug. 6 with 705k volume. MACD is bullish in weekly basis, RSI remain strong at 52 on a daily basis, AccDist on the positive side at 1.+M.

-------------------------------------------------------------------------------------------------

RCB - RIZAL COMMERCIAL BANK. CORP.

RCBC broke from a falling wedge formation last July 30 with a 2.7M volume and moving sideways for the whole month of August, trading from a high of 17.75 and low of 17.00. MACD is bullish, RSI at 55.+, and AccDist is in negative territory @ -50M+.

-------------------------------------------------------------------------------------------------

RLC - ROBINSONS LAND CORPORATION

Robinsons Land is moving sideways, trading from high of 8.00 to a low of 7.50 since breaking from a falling wedge formation last Aug. 8 with a 3M+ volume. MACD is bullish on a weekly basis, RSI remain strong @ 51+, AccDist @ 218M +.

--------------------------------------------------------------------------------------------------

SMCB - SAN MIGUEL CORP. "B"

SMCB also came out from a falling wedge formation last July 28th, and is trading from a high of 47.50 to as low of 43.50 throughout August.MACD is bullish on a weekly basis, RSI is still good @ 52.+, AccDist is high @ 368M+.

-------------------------------------------------------------------------------------------------

SMPH - SM PRIME HOLDINGS

SM PRIME another falling wedge breaker, got out only last July 30 with a volume of 9.5M. Traded last August in the range of 7.30 at the low end and 8.10 on the high side. MACD remain bullish, RSI remain strong @ 62.79, AccDist is very high @ 700M +.

--------------------------------------------------------------------------------------------------

TUNA - ALLIANCE TUNA INTERNATIONAL,INC

TUNA broke out only last Aug.19 from a falling wedge formation, with a respectable 2.4M+ volume. Been traded at the price range between 1.56 to 1.42. To date, MACD remain bullish, RSI @ 57.27, and AccDist is on a downtrend, still positive though @ 51M+.

--------------------------------------------------------------------------------------------------

BRN - A BROWN COMPANY

BROWN came out from a descending triangle formation, breaking last July 25 with a 3M+ volume. Have been traded from the low of 2.75 to close at a high, 3.65 last friday Aug.29. Descending Triangles are bearish yet Mr. Brown remain strong. MACD is bullish, RSI is 68+, and AccDist is 46M+

--------------------------------------------------------------------------------------------------

MIC - MINERALES INDUSTRIAS CORPORATION

MIC also broke out from a descending triangle formation on first of August. Have been traded since then between the price range of 3.00 and 2.60. MACD remain bullish, RSI at 63+, and AccDist on a positive 33M+

--------------------------------------------------------------------------------------------------

PX - PHILEX MINING CORPORATION

PX MINING broke out from a symmetrical cone at the start of Beijing Olympic, (8/08/08), with a convincing 21M+ volume. Have been traded since then at the price range of 7.40 to 7.80. MACD is very bullish, RSI at 61+, and AccDist, ascending to a Billion plus.

--------------------------------------------------------------------------------------------------

STOCKWATCH: Third week of August

TEL

PLDT after crashing the head and shoulder bottom formation this month, it never look back and from 2490, it shoot up and closed at 2745 last friday(Aug. 15) ten pesos lower a day before. MACD is bullish, RSI at 72, STOCHASTIC at 88.4 so expect some more corrections this coming days...
------------------------------------------------------------------------------------------------------------------

GEO

GEOGRACE RESOURCES PHILIPPINES, INC.'s chart shows a double top formed from Feb. of last year up to Jan. of this year. This is one share going downhill, slowly but surely, so avoid investing on this one specially for long term purposes.

------------------------------------------------------------------------------------------------------------------

PNB

PHILIPPINE NATIONAL BANK's chart is in the process of forming a double bottom and currently above it's downtrend line trading when it break loose last August 7 (see chart above).
If it fails to break 39/41 resistance and drop, then a double top formation is possible which is bearish, but I feel positive about PNB, WHY?
First: It has broken it downtrendlines, only this month.
2nd: Positive News : PHILIPPINE National Bank, a bank owned by taipan Lucio Tan, registered a net income of P813 million in the first six months of the year, up 31 percent year-on-year, bucking an industry trend. http://www.manilastandardtoday.com/?page=business3_aug15_2008
3rd: Positive News : Officials of the Philippine National Bank (PNB) have filed the Plan of Merger and Articles of Merger with Allied Banking Corporation (Allied Bank) with the Securities and Exchange Commission (SEC). It was eyed to further enhance the competitiveness of the merged entity and bring them as third among the countrys private banks in terms of local branches and fourth in terms of assets as well as loans.
http://www.tradingmarkets.com/.site/news/Stock%20News/1794112/

------------------------------------------------------------------------------------------------------------------

AC

AYALA CORP.'s chart shows a break out that occur last month from a falling wedge.
It's price closed at 315 last friday. MACD remain bullish, RSI at 62 and stochastic at 70.97.

August 2nd week Stock Watch

MPI

METRO PACIFIC INVESTMENTS CORPORATION:
After a double bottom the price of MPI stock closed last friday at 4.20 from only 3.50 last monday, and with 2M+ heavy volume for last thursday and friday trade. The 4.15 resistance have also been breached, MACD is bullish and RSI is nearing 70 at 67.5.

------------------------------------------------------------------------------------------------------------------

BPC

BENPRES HOLDINGS CORPORATION:
BPC has just broke the 1.40 resistance last thursday with a heavy volume of 138M+ of trade and close last friday at 1.62. MACD is bullish and RSI is now hovering above 70 at 72+ range.

------------------------------------------------------------------------------------------------------------------

PSE

THE PHILIPPINE STOCK EXCHANGE, INC. :
PSE has just broke the 690 resistance last friday to close at 695 but the downside is the very low volume of only 2,030 far from the last wednesday volume of 135k when it broke the 660 resistance. MACD is bullish, and RSI at 65+.

------------------------------------------------------------------------------------------------------------------

First Week of August Watchlist

ISM

ISM COMMUNICATIONS CORPORATION:
ISM chart shows a cup has been formed. RSI at 79.1671 and MACD been bullish for the past few days. Target Price is 0.072.

-----------------------------------------------------------------------------------------------------------------

VLL

VISTA LAND & LIFESCAPES, INC.
Vll have just crossed above 30 from a bottoming formation, a bullish sign and have just broke out the 2.16 resistance. MACD is also bullish.

------------------------------------------------------------------------------------------------------------

BRN

A BROWN COMPANY, INC.
Brn has been on an uptrend for more than a week now. From a low of 2.28 a month ago, up to 3.10 at friday close. Can it sustain it's bullish trend? MACD is currently bullish and RSI is now nearing 70 at 69.231.


---------------------------------------------------------------------------------------------------------------