Category Archives: GMA

Philippine Stock Market – Update on selected stocks 6/17/2016

Philippine stock market

ALI – doesn’t show any bearish sentiment at the moment. Price may continue to move up with resistance at 39 per share followed by 41 per share. ANI – weak bullish signal is still there for ANI with support at

Philippine Stock Market – Update on selected stocks 11/13/2015

philippine stocks exchange

PSEi – Friday’s movement was quite interesting. If you look at the daily chart you notice an upward channel where index is moving. Last candlestick is a Doji which represent equilibrium between the bears and the bulls. Since this appears

Abandoned Baby on GMA7?

GMA7 almost close the gap (or we may consider it closed) but after that we see a bearish signal waiting for confirmation. Daily chart shows a pattern that looks like an Abandoned Baby (less the gap of the doji), are

Bulls slowly building the camp for GMA7

The disappointment that brought by the bad news about GMA‘s JV with MVP last October 4 seems to have already been accepted by the traders and investors. Its on the first week of this month that the price went down

GMA7 breaking supports

Earlier today we thought GMA7 will have a technical rebound but instead it falls down big time breaking the support from the slope and the 38.2% Fibonacci Retracement level. RSI is now very low at 21. What is the reason

Are you going to reverse soon?

GMA7 has been in a decline from the 23.6% Fibonacci Retracement level. Price is nearing towards the 38.2% but will it go deep down there or a rebound is about to happen? During the decline the candlesticks looks like hammers

GMA to change channel?

GMA has been generally trending downward since July as presented in the chart. Although there were some rallies along the way but they were not so big. Current price rests below the 23.6% Fibonacci retracement level. Is it going to

GMA-TV5 broken switch

With the news dying down as quickly as when MVP said that “they are on again” (MVP – GMA, sometimes on, sometimes off) the stock is still trending sideways. Last time we checked on this stock until now it has

MVP – GMA, sometimes on, sometimes off

Interesting candlesticks. For the past 4 trading days the price always went below 23.6% Fibonacci Retracement level but was able to bring the price above the level during closing. It seems that someone is trying to pull the price down

Technical Rebound for GMA?

Last June 28 we saw GMA7 gap up followed by an uptrend movement for a few days then we saw a confirmed Hanging Man that reverses the trend. While it was going south we saw some indicators that suggests reversal

GMA7 Dividend play

Do you think there will be a play for this stock while the dividend ex-date is approaching? Disclosure from PSE http://www.pse.com.ph/resource/disclosures/2012/pdf/dc2012-5738_GMA7.pdf GMA7 closed 0.58% to 10.36 a share. The last news that we got was that the MVP and GMA

GMA – up or down?

Breakaway gap is best supported if we can see a chart pattern before the actual breakout. In case of GMA7 its looks like there is a symmetrical triangle but its not 100% accurate. There are guidelines to follow when drawing