{"id":20751,"date":"2011-04-21T08:06:55","date_gmt":"2011-04-21T12:06:55","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20751"},"modified":"2011-04-21T08:06:55","modified_gmt":"2011-04-21T12:06:55","slug":"super-volcano-in-first-gen-corporation-fgen","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/04\/21\/super-volcano-in-first-gen-corporation-fgen\/","title":{"rendered":"Super Volcano In First Gen Corporation (FGEN)"},"content":{"rendered":"<p><a href=\"http:\/\/www.laidtrades.com\/wp-content\/uploads\/2011\/04\/First-gen-corporation-FGEN-April-20-2011.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-8783 size-medium\" title=\"First gen corporation FGEN April 20, 2011\" src=\"http:\/\/www.laidtrades.com\/wp-content\/uploads\/2011\/04\/First-gen-corporation-FGEN-April-20-2011-300x170.png\" alt=\"first gen corporation, FGEN philippine stocks, lopez, ron acoba, cup and handle, daily stock picks, stock market trading\" width=\"300\" height=\"170\" \/><\/a><\/p>\n<p>If  my chart reading reading is correct, then First Gen Corporation or FGEN  in the Philippine Stock Exchange could be poised for a huge upside.&nbsp;<\/p>\n<p>FGEN is actually one of the top performers among local equities so  far this year with about 11% in YTD return. But its story does not end  there as based on its daily chart at least, FGEN could explode like a  super volcano. Looking at its price chart over the past 6 years, I  noticed that it was bottoming into a huge cup and handle pattern with a  neckline at just above PHP 14.00. FGEN is already inching towards the  said resistance and when it breaches that level, there&rsquo;s a good chance  that it could swing all the way towards PHP 21.20 (measured by  projecting the height of the cup from the point of potential breakout)!<\/p>\n<p>I would, of course, wait for a break out to occur first before I go  long to diminish the possibility of getting whipsawed. An entry point of  PHP 15.00 would give me a possible 41% upside! <\/p>\n<p>More on <a href=\"http:\/\/www.laidtrades.com\/\">LaidTrades.com<\/a> &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If my chart reading reading is correct, then First Gen Corporation or FGEN in the Philippine Stock Exchange could be poised for a huge upside.&nbsp; FGEN is actually one of the top performers among local equities so far this year with about 11% in YTD return. But its story does not end there as based &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/04\/21\/super-volcano-in-first-gen-corporation-fgen\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Super Volcano In First Gen Corporation (FGEN)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-20751","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=20751"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20751\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}