Category Archives: BEL

Philippine Stock Market – Update on selected stocks 8/11/2017

philippine stock market

2GO – a spike may occur but the stock is bearish in short term as of this time. AC – sideways with bearish bias. AGI – bearish signal seen last week after it dropped by 4.8% to close at 13.52

Philippine Stock Market – Update on selected stocks 7/28/2017

Philippine Stock Market

2GO – sideways movement is seen this week with bullish bias. The bias comes from the daily chart after it broke the downward channel. AGI – tried to break the Kumo for the last 2 days last week but failed.

Philippine Stock Market – Update on selected stocks 7/21/2017

Philippine stock market

2GO – sideways with bullish bias. If Kumo on daily chart will be broken, it will hit 28 per share. ABS – may continue to move up and eventually hit strong resistance near 47 per share. Other resistances are 43.3

Philippine Stock Market – Update on selected stocks 7/7/2017

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AC – showed bullish signal last Friday after it pierced through the Kumo and Kijun Sen line. This movement denotes that bears are currently in control. New support will be the Kumo and the KSL while resistances at 880 and

Philippine Stock Market – Update on selected stocks 6/30/2017

Philippine Stock Market

AGI – sideways within the bounds of the Kumo while the price is inside it. No significant bullish or bearish candlestick formation. ALCO – went up by 4.5% last Friday and touched the Kijun Sen line at 1.22 per share

Philippine Stock Market – Update on selected stocks 6/16/2017

Philippine Stock Market

2GO – it was able to bounce from the Kijun Sen line last Wednesday but it seems it is only creating a lower high. Bearish sentiment is still in the atmosphere. Support is still at the Kijun Sen line at

Philippine Stock Market – Update on selected stocks 6/9/2017

Philippine stock market

ALI – weekly chart shows no bearish sentiment as of this time which means price may continue to go up this week although with a bit of reservation following the two last Doji candlesticks last week ANI – this stock

Philippine Stock Market – Update on selected stocks 5/26/2017

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ACR – may continue to move up and satisfy its potential reversal zone at 1.7x per share which corresponds to 161.8% Fibonacci Retracement level. AGI – pierced through Kumo signaling a bullish sentiment on weekly chart. It could form a

Philippine Stock Market – Update on selected stocks 5/5/2017

Philippine Stock Market

2GO – showing bearish sentiment last Friday after it went up to 18.60 per share and drop to close at 16.20 per share. RSI or Relative Strength Index is also high at 92.8 on weekly chart. ALI – showing bullish

Philippine Stock Market – Update on selected stocks 3/31/2017

Philippine Stock Market

AC – sideways with bullish bias ALI – price is currently resting on support level at 61.8% Fibonacci Retracement level. Bearish sentiment can be felt as it closed at the low last week. Even if its sitting on support level,

Philippine Stock Market – Update on selected stocks 3/17/2017

Philippine stock market

ALCO – sideways with bearish bias. Price is currently moving inside a downward channel. Immediate support is at 1.37 per share while resistance at 1.45 per share. ANI – a healthy retrace while others are taking their profits and price

Philippine Stock Market – Update on selected stocks 3/10/2017

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ALCO – went up by 7.1% last Friday but weekly chart shows indecisive sentiment between bears and bulls. If this will be confirmed, then price will move down but because of last Friday’s movement, there is a greater chance it

Philippine Stock Market – Update on selected stocks 2/24/2017

philippine stock market

ALI – tried to break from consolidation area but wasn’t able to sustain its rally after it hit as high as 37.95 per share. Price went back near its previous close. The support level at 34.68 per share may be

Philippine Stock Market – Update on selected stocks 2/17/2017

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ALCO – went down by 31.6% to close at 1.06 coming close to its support at 1.00 per share. Price may find support at 1.00 before bouncing back although as of now it could only be used as a fire

Philippine Stock Market – Update on selected stocks 2/10/2017

Philippine stock market

ALI – bullish sentiment is picking up after it closed above the Kijun Sen line. Although the bullish signal is considered neutral, it still shows that the bulls are in control last week. ALT – went up by 37.3% last

Philippine Stock Market – Update on selected stocks 2/3/2017

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AC – most likely to move forward after having no clear candlestick formation and price is moving inside the Kumo. Trading range is seen at 790 – 835 per share. ALCO – no bearish candlestick seen at the week’s closing.

Philippine Stock Market – Update on selected stocks 1/27/2017

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ALCO – still consolidating inside the triangle with no clear direction where to break but if you based it on its RSI or Relative Strength Index, it is now overbought. Consolidation makes its RSI to loosen a bit before it

Philippine Stock Market – Update on selected stocks 1/20/2017

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ALI – bounced from the Senkou Span on weekly chart and bulls were in control at the end of the week with newly found support at 35 per share. Price may continue to move up but not without testing the

Philippine Stock Market – Update on selected stocks 12/02/2016

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AGI – sideways with the tendency to create a spike up to 14.52 per share but so far the stock is bearish so don’t dwell on the stock for too long. ALI – trying to break from the resistance but

Philippine Stock Market – Update on selected stocks 11/25/2016

Philippine stock market

AC – bearish sentiment is evident on this stock after it dropped by 6.7% last week. Although it found support at the Kumo and 61.8% Fibonacci Retracement level, it may not be enough for a reversal. It could go sideways