Category Archives: BPI

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 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 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 2/10/2017

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 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

Philippine Stock Market – Update on selected stocks 11/18/2016

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AC – the stock found support from the Kumo. If you look at its weekly chart, we have a good bounce from there. Looking at its daily chart, there is still a reason for it to move up in order

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

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AC – down by 13% last week and no bullish signal is seen yet. Better not to be in a hurry to buy even when RSI or Relative Strength Index is at 26 Wait for the signal. ACR – currently

Philippine Stock Market – Update on selected stocks 11/04/2016

Philippine Stock Market

ALI – currently sitting at the 50% Fibonacci Retracement Level support which could be a bouncing board for ALI which is near the oversold level. RSI or Relative Strength Index is at 35.8 on weekly chart. Noticeably, this level where

Philippine Stock Market – Update on selected stocks 10/21/2016

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2GO – more like forming a handle for its cup. Price may retrace as the cup and handle formation is on its way. Kijun Sen line at 7.5 may pull the price down to complete the cup. Projected price will

Philippine Stock Market – Update on selected stocks 10/14/2016

philippine stock market

AC – bearish sentiment is still there as price went down by 2.3% to close at 840.50 per share last week. Kijun Sen line at 815.50 per share may continue to pull the price down. ACR – daily chart shows

Philippine Stock Market – Update on selected stocks 10/07/2016

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ALI – sideways movement where price may go back to previous support around 37 which is its lower range. Upper range at 40 per share. ANI – consider a few headwinds this week while price is inside the Kumo. Sentiment

Philippine Stock Market – Update on selected stocks 9/23/2016

Philippine Stock Market

ALI – went up by 5.3% to close at 39 per share last week but the last two trading days last week we saw weakening of the bulls. This might lead to a sideways movement. Kijun Sen line was instrumental

Philippine Stock Market – Update on selected stocks 9/9/2016

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AC – may continue to dip while we don’t see any bullish candlestick pattern yet. Support is at 835.3 per share. Test buy when you see bullish candlestick pattern near the support slope. AGI – still in consolidation mode but

Philippine Stock Market – Update on selected stocks 8/26/2016

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ALI – dropped by 5.8% to close at 38.70 per share. There might be some spikes this week but the stock is currently on correction mode. Currently sitting at the support line provided by 23.6% Fibonacci Retracement level while next

Philippine Stock Market – Update on selected stocks 8/19/2016

Philippine stock market

ALI – last week’s price movement showed some bearish sentiment when ALI close the week with a Gravestone Doji. Will it retrace this week? Gravestone doji is a bearish signal when found at the top of the upward trend but

Philippine Stock Market – Update on selected stocks 7/22/2016

Philippine stock market

ALI – currently moving at resistance area. Weekly chart shows bearish candlestick formation known as Bearish Harami. Will this signal propel sellers to drive the price down? ALT – found support at 78.6% Fibonacci Retracement level. Bullish sentiment is felt