Monthly Trending Stock Picks – October 2017

Before we proceed to another set of QDS Stock Picks for this month, let's see how our picks last month performed in the slideshow below. To view September Stock Picks, please click here.

OUR STOCK PICKS FOR THIS MONTH

Aboitiz Power

Will there be 'a better future' for the stock price of $AP in the near term? 😉

Within this year, 3 Aboitiz Power projects will be completed that will increase the company's attributable net capacity by around 9%: the 68-MW Manolo Fortich hydropower plant, the 8.5-MW Maris hydropower plant, and the 400-MW coal power plant Pagbilao 3.  Also towards the end of this year, the 630-megawatt (MW) Masinloc power plant in Zambales by AES Corp is expected to be closed and AP is aggressively positioning in the bidding. Necessary disclosures will be released when details of transactions become available.

Aboitiz Power

AP daily chart. Click to enlarge.

After almost a year in the bear territory, AP price finally broke up and stays above the 200-day EMA which confirms the stock's bullish reversal. Price moved sharply and we can expect a tight consolidation in the coming days. A build-up is currently starting to form between ~42 and ~42.8 so anticipate a breakout in either direction (with bullish bias). If looking to buy, we suggest accumulating only if the price moves near the support (with a stop loss below 41.15) or when it breaks out (with a stop loss below 42.)

Aboitiz Power

Signals

Our Quantitative PSE Trading Guide (QuantDS PSE) suggests AP is moving upward in a strong momentum. The High-Risk Buy recommendation in the table above tells it's risky for now to accumulate AP but the probability (of high risk) is very low with only 34%. The last column, QDS Alert, shows Buy Stop which means buy on resistance breakout. For multiple support & resistance levels, see the image below.

Support/Resistance levels.


Cosco Capital

COSCO, as a holding company, currently has a portfolio comprised of interests in retail, real estate and property leasing, liquor distribution, oil and mining, and specialty retail. The Company's retail interests include Puregold Price Club, Inc. (PGOLD) and S&R Membership Shopping.

We don't have much any latest news or updates to share about COSCO, but there is one good reason why we have it as one of our stock picks - it's market structure.

Cosco Capital

COSCO daily chart. Click to enlarge.

COSCO formed a bullish Inverted Head & Shoulders pattern confluence with the 200-day EMA. The price pierced the neckline only two days after it broke above the moving average. The price retreated back to the neckline and bounced. If looking to buy, we suggest accumulating while the price is at the support level and place stop loss below 8.04 level.

Cosco Capital

Signals

QuantDS PSE data suggests that COSCO is in a strong momentum (upward). A Breakout Buy recommendation with a high probability of 58% was also generated in the data coupled with Buy Stop alert. With these signals, we may expect the stock price to continue moving upwards. See the table below for support & resistance price levels.

Cosco Capital

Cosco Capital

Support/Resistance levels.


SM

Last August 29 this year, SM clarified that they are in the preliminary discussions for any possible corporate arrangement with Goldilocks Bakeshop which is seen to be a BIG boost to the restaurant chain. And according to Inquirer sources, discussions to acquire Goldilocks have reached an advanced stage. What are your thoughts about it? Share in the comment section below.

SM

SM daily chart. Click to enlarge.

SM stock price is clearly moving upward in a strong momentum. It gained more than 20% in just 6 months since it broke out above the 200-day EMA. We think it still has a big probability to move higher till it reaches its previous price levels above. If looking to buy, accumulate only when price moves near the immediate support and set stop-loss below Support 2.

SM

Signals

QuantDS PSE data is backing up our chart analysis that SM is in a strong momentum. Yes, the recommendation generated is a High-Risk Buy BUT the probability is very low at only 41%. Buy Stop alert is present as well. For SM's support and resistance levels, please refer on the table below.

SM

SM

Support/Resistance levels.


 

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