Fgen lost its momentum when it got its short term peak at 14.xx last Oct 2010. And now, with PSE short term trending down and consolidating, so this stock is, Short term support stands around 11-11.3x where I am interested buyer in. With FGEN overall medium/long term is uptrend, im a sure buyer here with a possible 15pesos resistance by Mid of 2011.
Fgen is also a good range trade, but on a downward cycle, a breakout of 12.5 will confirm and be back in its uptrend cycle.
On the other hand, another Power industry, just recently broke out of its range from 6.00 resistance. We have confirmed its short term uptrend when it is strong uptrend from breaking 6.0 to as high as 6.26 today. We'll just wait some more time before it can get its 52week high of 6.5.
Trade the 6.0-6.5 huge range for this short term uptrend technical view. A fall below 6.0 can make it consolidate again and maybe a short term downtrend again.
AP went on to MAYBE its 52 week high already, and if power players went out of AP, what other Power stock do they think next? Its probably EDC's turn to shine :)
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