Trading the Philippine Stock Market

[MK]

---

was able to add more ALI again ganiha at 24.75

[makie29]

Market is resilient. After dropping to almost 5,900, it has gone back up steadily.
Just hoping this is will be sustained this afternoon. Added more SM at 704 earlier.

[cebu.opportunities]

mo continue kaha nig up ang mining stocks

[makie29]

mo continue kaha nig up ang mining stocks

Be selective, some mining stocks don't have the reasonable volume/value turnover to support its rise.
Some that I've seen that were quite good are AT, LC, LCB, MA and MAB. Index stocks PX and SCC even had low value/volume turnover.

[cebu.opportunities]

yes, sir makie. na notice sad nako ang low volume. tried kana naa sa good list nimo. ambot lang pud if mo continue og up next week. don't know technical analysis pero if tan-awn ang charts, murag ni bottom out na? if medium to long term, good buy pa siguro.

[makie29]

Prevailing trend is still downtrend and its hard to say kung nibottom out na ba ang market. Value turnover sa PSE karon is only P4.25M, yesterday was less than P4M. This is not the usual value turnover sa market everyday which means, possibly vacation mode pa ang uban. USA still has some issues to resolve and that, directly or indirectly, could still affect us.

Mid to long term, a lot of stocks are "cheap" but considering the fact nga downtrend gihapon atong prevailing trend, we might have the opportunity to buy lower in the next few days, weeks or months. But if an value/growth potential imong giapas, pwede na sugod pamalit karon.

[cebu.opportunities]

okay, thank you sir @makie29

[headblockx888]

anyone got a chart sa mining sector sa psei?

[istoryamember]

PMINI may be able to reach 12,761.97 but I think pag abot niya diha dapit the pressure of being overbought will be strong and may retrace. This is also where the top part of the Kumo (cloud) is.

Currently RSI is at 76.3

So far Chikou Span is telling us there is a bullish sentiment on this stock today but we still have to see other elements of Ichimoku to tell us the same sentiment.

Caveat!

[yeheyebay]

LC , MA, & PX my preferred mining stocks. Gold is going up.