Category Archives: DAVIN (MMI)

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 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 9/30/2016

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AC – sideways with bearish bias because of the Kijun Sen line that might pull the price down. Support is at 850 per share while resistance at 874 ALI – may continue to go up and challenge the 40 per

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 9/16/2016

Philippine Stock Market

ALI – still now bullish candlestick pattern and price crosses the Kijun Sen from above. This is a bearish signal called Kinjun Sen Cross. Support is at 36.44 per share or 38.2% Fibonacci Retracement level. ANI – price went up

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 7/8/2016

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 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 6/17/2016

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 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

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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 5/20/2016

Philippine Stock Market

AC – gap closed last Friday. Although we don’t have a bullish candlestick formation, this is a good stock to watch since the gap has already been filled. Test buy when you see a bullish candlestick. ACR – ended up

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