Juanis

Barredo
COL Chief Technical Analyst
 Acknowledgement of
Information and Disclaimers
This presentation and all content herein are owned by COL Financial Group, Inc.
Editing or modifying the contents of this presentation is strictly prohibited.
Please feel free to share this presentation strictly for personal, educational, and
non‐commercial uses only.

Securities recommended, offered or distributed by COL Financial Group, Inc. are

subject to investment risks, including the possible loss of the principal amount
invested. Past business performance is not indicative of and does not represent
future returns.

COL is regulated by the Securities and Exchange Commission, with email address
msrdsubmission@sec.gov.ph. For any concerns, please contact helpdesk@colfinancial.com.
 Trading Recommendation:

Be a Strong Trade Tracker

Stay with leaders trading above 20, 50 and 100-day EMAs. Particularly those that show good volume
exchanges. Also don’t take your eye off the ball, even if the market corrects.

Corrections are to a Traders favor

Technically good issues should show continuing trade promise; but major resistance points and
overbought situations may drive corrections to better areas of support.
Take some profits on these rally blowoffs, without having to totally empty one's position.

The Long trade still show promise, but…

you may have to sit through some volatility given rate cut, supply /logistics blocks from the red sea,
and upcoming US elections unknowns).

Laggards may have their day, however…

These picks may only show good action after the strong have had their heyday.

COL Market Outlook 2024: Could this time be different?

 Trading Styles on Strength & Weakness

Cautious and gradual buys, if at all, on

Buy after pullbacks to support or
basing attempts (laggards):
breakouts from resilient uptrends:
• These usually build after a lengthy or
• Limit buys to stocks trading over most
oversold downtrend that slowly begins to
EMAs, if not their 100-day EMA at least
resurface over their 20 to 50-day EMAs
• If a price surge is seen, wait for pullbacks
• If below the 50 & 20, stay away
to the 20 or 50-100 day EMAs (esp if
MACDs show a cross down) or rebounds • It would be better to see well-crafted ranges
from such dips or double bottoms to anchor well –
particularly if they build preparatory
• Look to top slice in extended advances
patterns near resistance
that are overbought or have hit high
ranges of channels or show divergence • Divergences and other reversal signals
(like downtrend line breaks) may also show
• Breakouts here can show continuation
hopeful entries

COL Market Outlook 2024: Could this time be different?

Sectoral Landscape: Pro, Svc, Fin lead the rally
PRO SVC FIN

SMPH ICT BDO

ALI TEL BPI
AREIT GLO MBT
RLC BLOOM CHIB
MEG WLCON SECB

IND HDG M-O

NIKL
MER SM APX
EMI AC
JFC PX
JGS
URC SMC AT
ACEN AEV FNI

COL Market Outlook 2024: Could this time be different?

Top 5 Index members / Laggards
Index leaders to laggards:

Leaders Hopefuls Laggards

AC GTCAP AEV ACEN
AGI ICT LTG CNVRG
ALI JFC MONDE EMI
BDO MBT PGOLD GLO
BLOOM MER SCC JGS
BPI SM SMPH NIKL
CNPF SMC TEL URC
DMC WLCON
Wait for pullbacks to support Wait for key resistance breaks Wait for trend reversals

COL Market Outlook 2024: Could this time be different?

Some Non-Index leaders to laggards:

Leaders Hopefuls Laggards

AP DD PLC DNL MEG
APX EEI PLUS FGEN RRHI
ARA LOTO PSE FPH SECB
C MRC RCR GMA7 UBP
CHIB MREIT RLC MWC
COSCO MWIDE SSP PNB
CREIT PIZZA STI SSI

Wait for pullbacks to support Wait for key resistance breaks Wait for trend reversals

Warning: Some of these stocks are poor in liquidity – which

could be subject to erratic swing actions, hard entries and exits,
and could show heavier/longer than normal corrective volatility

COL Market Outlook 2024: Could this time be different?

 Trading Ideas: BDO
BDO

Hold or Buy into support pullbacks

• Resistance: 144 then 150-153
• Support: 134 to 131
• Range break from a falling wedge (bullish)
possible down the road target of 150-153
• Look to pare some positions (take some
profits) closer to or within resistance if
momentum (MACD) weakens
• Buy back options are seen better between
the above-mentioned support

COL Market Outlook 2024: Could this time be different?

 Trading Ideas: JFC
JFC

Hold or Buy into support pullbacks

• Resistance: 267 then 280-327
• Support: 257 then 243-235
• Large pattern (Ascending Triangle) break
over 261 which could eventually target 280-
327
• Either hold one’s position if you are able to
tolerate a swing back to 243-235; if not
place a stop at 257 – then wait for a buy
back window
• Buy back options are preferred between
243-235 (assuming 267 becomes an interim
high)

COL Market Outlook 2024: Could this time be different?

 Trading Ideas: ICT
ICT

Range trade or buy into wider pullbacks

• Resistance: 256 then 283-288
• Support: 235 then 227-224
• Breakout from a large pattern (Rectangular
like) and a new high – with down the road
target of 283-288
• Presently ranging due to an overbought
stretch which can be range traded by buying
close to support then lightening on 256
(assuming the sidewards pattern holds)
• If not, wait for a slide closer to 227-224 for a
fresh buy window

COL Market Outlook 2024: Could this time be different?

 Trading Ideas: MER
MER

Hold or Buy into support pullbacks

• Resistance: 400 then 410-420
• Support: 375-370 then 356-350
• Widening channel seen currently bound
between 370 and 400; but may see an
extension down the road to 410-420
• Moderate upside may need pullbacks to
entice prospects – we prefer not so deep
corrections to 375-370
• If a wider setback is seen, then a swing
between 356-350 would be next – but it
would revert the stock to a wide sideways
pattern

COL Market Outlook 2024: Could this time be different?

 Trading Ideas: ALI
ALI

Range trade or buy into wider pullbacks

• Resistance: 35-36.50 then 38.50-39
• Support: 31.50 then 30.70-30
• Breakout from a large pattern (Rectangle)
but may need to re-engage a new smaller
pattern due to being over stretched
• A pattern may develop between 35 (or even
36.50) and 31.50 to 30.00. These support
areas may make for better entries

COL Market Outlook 2024: Could this time be different?

 Trading Ideas: MONDE
MONDE
Accumulate with a stop at its major low
• Resistance: 8.95-9.00 then 9.80-10.90
• Support: 8.00 then 7.70-7.66
• Showing a possible cup (from a possible cup
and handle formation) that could rally first
to 8.95 or maybe 9.80
• This could develop into a larger swing
towards 10.90 if 9.80 can break – perhaps
better urged if a tighter pattern can form
juts below that resistance (a handle)
• Move in slowly, picking up more shares as
things progress; but place a key stop at
either 8.00 or 7.70 just in case the technical
story line degrades

COL Market Outlook 2024: Could this time be different?

 Acknowledgement of
Information and Disclaimers
This presentation and all content herein are owned by COL Financial Group, Inc.
Editing or modifying the contents of this presentation is strictly prohibited.
Please feel free to share this presentation strictly for personal, educational, and
non‐commercial uses only.

Securities recommended, offered or distributed by COL Financial Group, Inc. are

subject to investment risks, including the possible loss of the principal amount
invested. Past business performance is not indicative of and does not represent
future returns.

COL is regulated by the Securities and Exchange Commission, with email address
msrdsubmission@sec.gov.ph. For any concerns, please contact helpdesk@colfinancial.com.
Juanis
Barredo
COL Chief Technical Analyst