Philippine Stock Market – Update on selected stocks 8/25/2017

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2GO – currently sitting on support line both on weekly and daily chart. Will there be a spike of this stock this week?

AGI – sideways with bearish bias. Bulls are having difficulty breaking the resistance created by the cloud and Kijun Sen line.

ALCO – trade range within 0.82 and 1.00 per share but bias on the positive side.

ALI – newly found support was tested last week and successfully was able to support the price. Is it time to test the resistance at 45.44 per share?

ANI – continues to be bullish and may test the resistance at 9.50 per share this week. Support is at 9.00 per share.

BDO – after successive rise that push BDO towards 130x level, short term sellers were taking profits last week. It drop by 2.4% to close at 127.10 per share. Support is seen at 125.00 per share in case it will continue to drop. Overall sentiment is still bullish so any drop is an opportunity.

BEL – sideways with bearish bias especially if Chikou Span will move below the price movement. The bulls tried to push the price up but they loses but succumb to the power of the bears at the closing last week.

BHI – bears starts to gain control again last week. Support is at 0.07 per share. Kijun Sen line at 0.081 per share could still pull the price up but be wary.

BLOOM – up by 11.3% last week to close at 10.94 per share. Looks like 12.00 is within reach.

BRN – the 50% Fibonacci Retracement level failed to support BRN. Now at 61.8% Fibonacci Retracement level, will it be a different story? Test buy at support or wait for bullish candlestick formation.

CEB – strong finish last week with high probability of breaking resistance this week.

CEB08252017

CIE – sideways with bearish bias. Kijun Sen line at 0.229 per share may continue to attract the price.

CHPKijun Sen line has been helping pull the price of CHP up and may continue to do so while the magnetic force of KSL is at its strongest. Price will experience resistance once it hits around 6.5x per share.

CLC – may continue to move up this week with resistance at 10.80 per share and 11.00 per share.

CLI – hesitation from the bulls can be felt since few weeks ago and they may end up losing strength soon with resistance at 5.28 per share unless this resistance will be broken.

COSCO – could still go up but may soon be facing a headwind brought by the Kumo at 8.00 per share.

CPG – the spike may continue towards 0.58 per share where Kijun Sen line and Kumo awaits.

DAVIN – sideways with bearish bias

DD – while it is still in bearish bias, a spike could happen this week.

DNL – went up by 6.8% to close at 10.68 per share and may continue to rise this week but a headwind provided by the Kumo or Cloud may force the stock to go sideways.

EEI – sideways with bullish bias

EW – may trade the range at 32 – 34 per share.

FLI – sideways movement within 1.87 and 1.92 per share range.

FNI – sideways with bearish bias. Gap could be filed soon.

GERI – although there is a threat from Kijun Sen line at 1.43 per share, bias is still bullish.

HLCM – weekly chart shows the stock is already oversold. Will there be a change of trend this week?

HVN – up by 3.3% to close at 16.42 per share. It has a good chance of moving up this week and test the resistance at 16.96 per share.

IDC – may continue to move up this week. Immediate resistance is at 4.24 per share.

IMI – currently at the resistance level and a possible retrace. If not, next resistance is at 16.65 per share.

ION – sideways with bearish bias.

JGS – may continue to move up with resistance at 75.00 and 78.00 per share.

LIHC – although it is still in a downward trend, a spike could happen this week. Test buy a current level.

LR – may move sideways within 4.4 and 4.73 per share range.

LTG – sideways movement within 17.00 and 18.50 per share.

MARC – if it will continue to respect its current trend, we should see MARC reach at least 2.15 per share to fulfill the cup formation.

MAXS – still consolidating within 17.65 and 21.32 per share range.

MEG – sideways with bullish bias.

MRC – the pull from Kijun Sen line could possibly bring the price to 0.32 per share and beyond to create another lower high within the downward channel.

NIKL – may continue to move up but it is near its top at 7.50 per share.

PGOLD – bearish sentiment seen last week after it posted a Hanging Man formation. If immediate support at 47.25 per share will hold, then it will continue to rise.

PHEN – interesting bounce for PHEN at 161.8% Fibonacci Retracement level two weeks ago and followed by another upward push last week. Price may continue to go up this week with immediate resistance at 1.89 per share.

PLC – sideways with bullish bias.

PNX – sideways movement seen within 11.9 and 12.7 per share range.

SGI – weak bearish signal seen last week via Kijun Sen Break. No bullish candlestick formation seen yet.

WPI – sideways with bearish bias while Kijun Sen line continues to be a threat.

Caveat!

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