Category Archives: MER

Philippine Stock Market – Update on selected stocks 12/01/2017

Philippine Stock Market

2GO – sitting at 61.8% Fibonacci Retracement level but no bullish signal formed yet. A spike up to 19.00 per share may happen due to the flat Kumo pulling the price up but this could be overshadowed with the force

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 7/7/2017

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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 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 7/8/2016

Philippine Stock Market

ANI – went up by 4% last week to close at 3.89 per share. Bullish sentiment is still there and price may go up towards 4.5x per share with the help of Kijun Sen line. 78.6% Fibonacci Retracement level is

Philippine Stock Market – Update on selected stocks 6/3/2016

Philippine Stock Market

AGI – sideways with bullish bias a price continues to hover above Kijun Sen line. Will Chikou Span register a bullish signal soon? ANI – after almost reaching the 3.80 per share mark, ANI showed bearish sentiment last Friday as

Philippine Stock Market – Update on selected stocks 5/27/2016

stock market

ACR – after rallying early last week that sent the stock to 2.08 per share, it went down at 1.91 per share at week’s end. The candlestick last week is a Shooting Star which tells us that bearish sentiment is

Philippine Stock Market – Update on selected stocks 12/04/2015

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2GO – still consolidating after the drop few weeks ago. Can the Kijun Sen line pull this price up? AGI – bearish bias is quite strong both on weekly and daily chart although there might be a spike up to

Philippine Stock Market – Update on selected stocks 11/27/2015

stock market

2GO – weekly chart: after the big drop few weeks ago, the stock seems to find support at the Kumo. Is it getting ready to spike soon? The Kijun Sen line is moving horizontally at 8.65 per share which could

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

Philippine Stock Market – Update on selected stocks 08/26/2015

Philippines World Markets

AGI – price movement shows that buyers want to close the gap but the bears are still strong as depicted by the Doji candlestick today ALI – may continue to move up towards 35.9 per share. That is where the

Philippine Stock Market – Update on selected stocks 08/18/2015

METROPOLITAN BANK AND TRUST COMPANY

AC – so far AC has been moving upward after we saw it touch the support slope. Onwards towards the resistance but may start to get rough at 779 per share AGF – continue to drop and is currently at

Philippine Stock Market – Update on selected stocks 08/12/2015

Bear Bull

2GO – after hitting the tip of the cup, will it now create a handle? Kijun Sen line at 8.21 is waiting. ACR – still stuck at the support area. Relative Strength Index or RSI is at 35.2 Waiting… AGF

Philippine Stock Market – Update on selected stocks 08/07/2015

philippine stock market

2GO – may continue to move up but with RSI going up as well, this stock may experience headwinds. Ichimoku elements are still on bullish mood. Tenkan Sen crosses Kijun Sen line last week. Will it reach 10? ACR –

Philippine Stock Market – Update on selected stocks 08/05/2015

Philippine Stock Market

AGF – after it didn’t confirm the hammer last yesterday, AGF continue to move down and close at 3.5 per share. No bullish candlestick as of today but this should be on your monitoring because its RSI is already at

With the help of Senkou Span

Senkou Span B was able to support the price at the closing. MER fell to as low as 265 but was able to close above the support line 267 per share. It is very important that MER will maintain its

Harami on MER

MER formed a Bullish Harami on its last two candlestick near the support which is 78.6% Fibonacci Retracement level. This leads us to speculate that MER has found its bottom. But as far as Harami pattern is concerned, this is

MER moving towards resistance slope

MER has so far bounced from the lower slope and is heading towards the resistance slope where the 61.8% Fibonacci Retracement level and the Kijun Sen line may converge. The Kijun Sen line is pulling the price up but the

Descending Triangle on MER

After MER made a bullish run from the base or support area to the Kijun Sen line few weeks ago the bulls look tired. This is the first week that MER wasn’t able to come back from the strong bearish