After hitting a low of 81.08 last February 4, the USDJPY pair has rallied back to mark a high of 83.97 2 days after Valentine’s day. It appears, however, that US dollar’s push against the Japanese yen is starting to lose some momentum. As you can see from its 4-hour chart above, the pair has formed what looks to be a head and shoulders pattern with a neckline at around 83.10.

Now, Ayala Corporation (AC) – led Globe Telecom, Inc. or GLO in the Philippine Stock Exchange looks to be on the verge of a price meltdown until the company does something that would induce investors to get back in. You see, while a lot of other issues had performed exceptionally well in 2010, GLO did not.

Semirara Mining Corporation or SCC in the Philippine Stock Exchange is a subsidiary of DMCI Holdings, Inc. (DMC) which is majority owned by the Consunji family. The name “Semirara” was derived from Semirara Island where the company generates most of its revenue from.

2010 was a marquee year for Andrew Tan’s flagship company Megaworld Corporation or MEG in the Philippine Stock Exchange as it was able to book a 69.86%. However, MEG’s outlook had started to look a bit bleak around December as it started to form a head and shoulders pattern which technical analysts consider as a bearish pattern.