DMCI Holdings, Inc.
I think DMC has formed a mini double bottom pattern which is enough to fill up the big gap. The patterns needs a confirmation though.
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hopefully it will close above 44 today... mukhang naging resistance ung 44...
when GOD steps in, MIRACLE happens.....

It's more fun in FOREX!!!

Hi Epgarias,

I can also see from your perspective. I'm seeing a double bottom pattern and a potential to fill the gap. I'd like to share my analysis lang on DMC. I think it can fill up the gap it made. Some signs that I see are as follows:

1. Double Bottom Pattern – DMC just finished a double bottom pattern and has built its support line around the P39 mark.
2. MACD – momentum is picking up and getting stronger on each day.
3. Bollinger Band – slowly expanding, which can mean a trend is about to happen.
4. Stochastics – stochastic %K is turning again and can cross over %D, which signals a buy
5. RSI – trending up and is not yet at the oversold levels.
6. Foreign Buying - foreign brokerage firms are starting to buy this stock once more.

Feel free to share your thoughts. Smile

[Image: dmc7311.png]

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i think this made a "return move" last week (good chance to enter 42.7 ata yun)

and now ready to break 44 hopefully...Smile

Calaca power firm sets 5-year timeline for plant expansion

SEM-CALACA Power Corp. has decided to stagger within five years its earlier announced plans to double the capacity of its 600-megawatt (MW), coal-fired power plant in Batangas starting with this month’s rehabilitation of an existing unit.

“Our long-term goal is 1,200 MW [in capacity]. The area of Calaca is capable to accommodate up to an additional 1,200 MW and the way we see it is to do it in phases,” said Nestor D. Dadivas, president of SEM-Calaca parent firm DMCI Power Corp.

“We want about 600 MW over five years,” Mr. Dadivas said.

He added the company is still deciding whether the additional capacity will be registered as a SEM-Calaca asset or under a new subsidiary.

The Calaca plant currently consists of two 300-MW units and uses a combination of coal from DMCI Holdings, Inc. subsidiary Semirara Mining Corp. and sourced abroad.

The rehabilitation of the first unit of the Calaca coal power plant, now running at a derated capacity of 220 MW, is expected to last for eight to nine months from July 1. Its capacity should hit 270 MW to 300 MW after its rehabilitation, according to earlier reports.

SEM-Calaca budgeted $120 million for the rehabilitation of the power plant but estimates only $88 million will be spent due to low costs.

The expansion plans come as the firm is looking to service a ferronickel plant in the nearby Batangas economic zone.

Mr. Dadivas said the company will be deciding on an engineering, procurement and construction contract within the week.

“I think it will be a hundred percent China-built plant. The Consunji brothers went to China and the Chinese companies have made arrangements with the Western technology and we’re comfortable with it,” said Mr. Dadivas.

He added the company will also upgrade facilities like its jetties, conveyors and coal yards to cope with the increase in capacity.

Semirara Mining Corp. bought the Calaca power plant from the government in 2009 for $361.7 million.

DMCI Holdings posted a 61% increase in profits to P2.2 billion in the first quarter.

For the first quarter, Semirara Mining saw a 184% growth in its income to P1.69 billion.

Shares in DMCI Holdings closed flat at P43.20 in last week’s trading.

Shares in Semirara Mining closed at P214.80, up 0.47% from its previous close of P213.80 a piece. -- Emilia Narni J. David
So far so good pa rin si DMC for now. Current consolidation is still on going pero lapit na ito matapos. Sana aakyat na ito hopefully this week.
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please fill the gap... selling some shares at 48... Big Grin
closed at 46 hahay...
Half of my holdings sold today. Will sell the other half close to 48. Thanks to you know who Big Grin
nihil timendum est.
still holding at 17.50... 'will sell some at 48 or 54... Big Grin

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