Category Archives: PX

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 6/17/2016

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 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 2/19/2016

stock market

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

PX touching Kijun Sen line

PX found support at Kijun Sen line but is it strong enough to become a springboard for bounce? Based on Ichimoku system, weak bullish signals are still there for PX and buying near support lines could be rewarding. Next support

Bullish Hammer confirmed?

PX showed bullish sentiment last Friday after it closed by 4.5% to 11.50 per share. Price may continue to move upwards with possibility to reach 12.40 based on recent drop which reached 127.2% Fibonacci Retracement level before the bounce last

PX showing bearishness after crossing Kijun Sen line

PX registered a bearish signal via Kijun Sen Cross yesterday. It fell by 3.3% to close at 11.84 per share. Could this lead to a fall towards 11.5x and the closing the gap at 11? The bulls need to bring

Bears trying to close the gap

Yesterday’s Dark Cloud Cover has scared the bulls away as the price continue to move downward. The 23.6% Fibonacci Retracement level that acted as a support yesterday turned out to be weak as the price easily broke it during the

PX ready to take off?

PX went up by 3.2% today after consolidating within the 9.32 – 9.48 range. The Marubozu candlestick today may suggest that PX is ready to go up as price break through the Kumo. Although Ichimoku elements are still in a

PX has landed. Is the Kumo strong enough to support the price?

After reached 10.18 per share, it has been dropping and has finally landed at the Kumo. Is it the bottom for PX? The small red candlestick that we saw last Friday could mean the bearish power is now dissipating. This

Gravestone Doji on PX

Did PX just lost steam after the rally last Friday? The candlestick today is what we called a Gravestone Doji. This is a bearish signal especially if it show up after the rally. Bulls were in control during the uptrend

PX heading for the next resistance

PX is showing some bullishness as it move up by 6.3% from previous week. The White Marubozu candlestick could be the start of a new rally for PX whose resistance lies at 10.62 or 23.6% Fibonacci Retracement level. The Senkou

Kumo Break on PX

PX continue to slowly move up and has pierced through the Kumo or Cloud today. This is another bullish signal for PX. Newly found support will be the Senkou Span and the 9.09 or the 50% Fibonacci Retracement level. If

Weak Bullish signal on PX via Tenkan Sen / Kijun Sen Cross

PX found support near the 61.8% Fibonacci Retracement level but it also near the resistance which currently prove to be strong. For two days after we saw the price crossing the Kijun Sen line, this line has stopped the price

PX still strong. Bullish signal via Kumo Break

PX is on its 3rd day winning streak and has hit the Kijun Sen line at 9.08 establishing a new support level at 8.92 per share. Will this support hold? Few months ago there has been some action going on

Is PX near its bottom?

PX has been declining since we saw it hit 9.98. We saw two successive drops of 2% each before today. Looking at the candlestick, we can speculate that the bears are already done with their damage. Price is near our

Dark Cloud Cover on PX. Time to fall?

PX has gone up two days in a row before it registered a red closing today. After reaching intraday high of 8.90 per share, PX fell by 1.5% and close at 8.60 Will there be a rally tomorrow or PX

Is PX almost done consolidating?

While LC and MA has been doing their rounds, PX is very silent since we saw its action last July 4. PX is still consolidating after it rallied. We notice that the volume is declining and price movement showed lower

Pennant on PX? When is the next flight?

PX has been consolidating after it rallied for almost 10% early this month. It stopped going up when it hit the 23.6% Fibonacci Retracement level but while it retraces, it formed an interesting formation called a Pennant. Will there be