Category Archives: ION

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 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 11/11/2016

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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 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 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 8/12/2016

Philippine stock market

ANI – the price touches the Senkou Span line last Friday. Will this be the bottom for ANI? No rush. Wait for the bullish candlestick setup. BLOOM – the Kijun Sen line was able to pull the price up with

Philippine Stock Market – Update on selected stocks 8/05/2016

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AGI – Kijun Sen line provided a support last Thursday and AGI was able to bounce from it closing at 16 per share last Friday. Price may continue to go up with next resistance at 16.28 and 16.75 per share.

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

Philippine Stock Market – Update on selected stocks 7/1/2016

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ABS – looks like it found a bottom last week. Will it be able to break the 48.8 per share barrier? AGI – bulls have gained control last Friday with the help of Senkou Span A which acts as support.

Philippine Stock Market – Update on selected stocks 6/24/2016

Philippine stock market

ACR – bearish signal spotted after it broke from the Kijun Sen line last Friday but it was able to hang on to its support slope. In case we will see a bullish candlestick pattern, it will bounce and continue

Philippine Stock Market – Update on selected stocks 5/13/2016

Philippine stock market

AGI – is currently at support level and may move sideways with bullish bias. Range is seen at 14 – 17 with next support seen at 13 per share. ANI – slipped down from current support and may go down

Philippine Stock Market – Update on selected stocks 4/22/2016

Philippine Stock Market

2GO – went up by 12.3% to close at 8.20 per share last week. Onward to complete cup formation. AGF – two contradicting candlesticks for the past two weeks tells us that the stock may continue to move sideways for

Philippine Stock Market – Update on selected stocks 4/15/2016

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2GO – weekly chart shows the stock is still on track with the cup formation AGI – sideways with bullish bias. The price is protected by 16.24 and 15.8 per share while resistance is at 18.48 per share BEL –

Philippine Stock Market – Update on selected stocks 3/18/2016

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ANI – currently supported by 61.8% Fibonacci Retracement level last Friday after it dipped by 3.1% to close at 4.67 per share. Could this be the bottom or it will continue to go down? Based on its chart, this area

Philippine Stock Market – Update on selected stocks 3/11/2016

Philippine Stock Market

PSEi – weekly chart shows multiple weak bullish signals for the past weeks. While it is currently on its resistance this could still go up further towards 7260 2GO – looks like heading toward the completion of its cup formation?

Philippine Stock Market – Update on selected stocks 2/26/2016

philippine stock market

PSEi – our index is currently fighting to break from the resistance slope. Selling pressure was greater last week but so far the support provided by the Kijun Sen line at 6730 holds. If it will close this week below

Philippine Stock Market – Update on selected stocks 2/19/2016

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PSEi – weekly chart shows index is currently at the resistance slope. Will it be able to break from it? As of now we don’t see any bearish candlestick which means bulls are still in control. Should the slope be

Philippine Stock Market – Update on selected stocks 2/12/2016

Philippine Stock Market

2GO – weekly chart shows that the stock is still moving within the support but has so far accumulated bearish sentiment as it moves away from the cloud. Test buy at this level. 6.0 per share is still the psychological

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