Trading the Philippine Stock Market

[istoryamember]

Philippine Stock Market – Update on selected stocks 11/04/2016

ALI, ANI, ARA, BEL, BLOOM, BPI, CEB, CHP, COSCO, CROWN, CYBR, DAVIN, DD, DMC, DNL, EDC, EEI, EW, FGEN, FOOD, GERI, IS, ISM , LIHC, LR, MAXS, MBT, MCP, MED, MEG, MER, MPI, MRC, MRSGI, NIKL, PGOLD, PLC, PXP, SBS, X

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 the price is hovering as been a support level last May. Test buy at current level.

ANI - sideways with bullish bias while price is inside the Kumo. Support seen at 3.5 per share

ARA - the Kumo was able to support the price of ARA last week. It also ended with a Doji candlestick which could mean bears' power is slowing down. Test buy at current level. Next support is at 2.00 per share in case it will turn sour so plan your trade.

BEL - went up by 6.2% last week to close at 3.10 per share. Support is at 3.00 per share but we see a weakening of bulls last week. For those who were able to get some share last week, just hold. Resistance is at 3.13 per share which could give a bullish signal if broken.

BLOOM - up by 6.4% to close at 6.30 per share last week. Bigger chances of going up this week based on its price movement last Friday when it broke from the Kumo. This is a bullish signal called Kumo Break. Resistance at 6.8 per share may be challenged this week.

BPI - fell by 3.5% to close at 97.55 per share testing the support at 97.14 per share which corresponds to 38.2% Fibonacci Retracement level. Test buy if you see a bullish candlestick formation.

CEB - sideways with bearish bias

CHP - sideways with a possible spike towards 11.88 per share as long as Kijun Sen line is moving horizontally at the level.

COSCO - sideways with bullish bias

CROWN - continues to consolidate inside the triangle. Test buy near the support.

CYBR - sideways with bearish bias unless you will see a bullish candlestick formation at the end of this week, then test buy. The bounce from 78.6% Fibonacci Retracement level is not yet negated.

DAVIN - may continue its ascend this week and challenge the 7.11 per share resistance posted by Kijun Sen line.

DD - sideways with bearish bias

DMC - at 61.8% Fibonacci Retracement level. This could be a bouncing board for DMC but wait for Doji's confirmation this week.

DNL - may continue to move within the 10.83 - 11.94 range. It is now at the lower range.


Philippine Stock Market – Update on selected stocks 11/04/2016 | TLB – Philippine Stock Market

[snake_eye]

question, will the victory of Donald Trump affect the stock market?
If yes, how?

[istoryamember]

Philippine Stock Market – Update on selected stocks 11/11/2016

AC, ACR, AGI, ALI, ANI, ARA, AT, BDO, BEL, BHI, BLOOM, BPI, BRN, CAL, CEB, COSCO, CPG, CROWN, CYBR, DAVIN, DD, DIZ, DMC, DNL, EDC, EEI, EW, FGEN, FLI, FNI, FOOD, GERI, GLO, HVN, ICT, IDC, ION, IS, ISM, JGS, LC, LIHC, LPZ, LR, MARC, MAXS, MBT, MCP, MED, MEG, MRC, MRSGI, NI, NIKL, NOW, PGOLD, PLC, SSI, X

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 bear's power have weaken. This is seen through the Doji candlestick. Will the bulls take control of this stock this week? Test buy at current levels or wait for the confirmation

AGI - continued to fall last week with 5.4% drop. It is now near the 12.16 low 10 months ago which is an interesting level. The stock is already oversold. If a bullish candlestick signal will appear, test buy.

ALI - the price is currently at 61.8% Fibonacci Retracement level which is its support. Interesting level to monitor for possible bounce. But wait for the signal. Next support is at 30.40 per share in case bears will continue to dump their shares.

ANI - still in consolidation mode but with bullish bias.

ARA - no confirmation from previous doji candlestick. It went down by 3.5% last week and may continue to move down further unless a long candlestick will appear and bulls may take control and push where the Kijun Sen line is. Resistance is at 2.23 per share while next support is at 2.00 per share.

AT - no bearish sentiment seen yet but the stock is already overbought so be extra careful if you want to play this stock. Support is seen at 4.52 per share

BDO - may consolidate within the 108.20 and 111.40 per share range while it is inside the Kumo or Cloud.

BEL - previous Doji candlestick was not confirmed although bearish sentiment wasn't negated well, there is still a greater chance it will go up this week. Keep holding for now if you have entered already.

BHI - currently at support area but now sign of bullishness yet. Don't be on the rush to buy.

BLOOM - is on indecisive mood depicted by the Doji candlestick last week. May retrace if it will be confirmed. Otherwise it will break from the Kumo and proceed with the 7.50 - 7.60 per share target.

BPI - showing some bullish sentiment after it almost recover from the its lowest of 92 and going up to close at 96.1 per share. This shows us a Hammer candlestick which, if confirmed, will make the price bounce and challenge the resistance at 101.22 per share. Immediate resistance that needs to be broken is 97.14 per share.

BRN - went up by 11.3% to close at 1.18 per share but last Friday's attempt to break from the Kumo was futile. Selling pressure may be felt this week.

CAL - no bullish signal yet. It may touch the 2.66 per share support before a bounce will occur or if we will see a bullish candlestick at current level. Don't be in a rush to get in.

CEB - sideways with bullish bias.

COSCO - tested the newly found support last Friday and so far as been successful. Just hold your shares if you have already bought some during the Kumo Break.

CPG - failed Kumo Break and may now continue to consolidate inside the Kumo.

CROWN - still consolidating inside the triangle with a neutral candlestick. It could be a breakout or breakdown anytime soon.

Philippine Stock Market – Update on selected stocks 11/11/2016 | TLB – Philippine Stock Market

[istoryamember]

Philippine Stock Market – Update on selected stocks 11/18/2016

AC, AGI, ALCO, ALI, ANI, AR, ARA, BDO, BEL, BHI, BLOOM, BPI, CAL, CEB, COSCO, CPG, CROWN, DAVIN, DD, DIZ, DNL, EDC, EEI, EW, FGEN, FLI, FOOD, GLO, ICT, IDC, IS, ISM, JFC, JGS, LPZ, LTG, MAXS, MBT, MCP, MEG, MPI, MRSGI, NI, NIKL, NOW, PCOR, PGOLD, PLC, PXP, SLI, SMPH, STI, TEL, X

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 to close the gap and touch the Kijun Sen line at 801 per share. But other than that, AC could just be forming a lower high.

AGI - after successive weekly red candlesticks, we saw a bullish one last week. Are the bulls going to take control now? Test buy or wait for a confirmation at the end of the week. If ever it will move up, first resistance is 14.00 per share while support is at 12.00 per share.

ALCO - could still move up but expect a very volatile price movement. Not for the faint of heart.

ALI - support at 61.8% Fibonacci Retracement level made it possible for the bulls to bring the price up by 3.7% last week. But if we look at its daily chart, there is a bit of bearish sentiment denoted by the Doji candlestick. If this will be confirmed, then price will move down. Otherwise it will continue to move up and test the resistance at 36.4 per share

ANI - the Kijun Sen line could still help pull the price up. Test buy near the support. Immediate resistance is at 4.10 per share.

AR - tested the support last Friday and so far it holds. Price may continue to move up with immediate resistance at 0.0041 per share while support is at 0.0039 per share.

ARA - sideways with bullish bias after the price close inside the Kumo or Cloud.

BDO - sideways with bullish bias

BEL - registered a bullish signal via Kumo Break on weekly chart. It has a greater chance of continuing its ascend as it close at the high last week. Resistance is at 3.45 per share while support is at 3.17 per share.

BHI - showing some bullish sentiment after it registered a Doji candlestick. A spike may happen this week that will bring the price up towards Kijun Sen line at 0.0865 per share

BLOOM - faced its strong resistance last week but price may just move sideways while trying to gain momentum before breaking the resistance. Price may trade around 6.33 - 6.80 per share for this week.

BPI - sideways with bearish bias

CAL - went up by 3.6% last week after hitting support level. This level was the bottom last August. Are we looking at double bottom here? Price could continue to move up but will face a strong headwind once it hits the Kumo shown on weekly chart.

CEB - sideways with bearish bias.

COSCO - the Kumo failed to support last week as price went down by 4.2% last Monday and followed by sideways movement with an attempt to get back to the Kumo last Friday. The attempt failed and it adds bearish sentiment to the stock at this time. Supports are at 8.20 and 8.10 per share.

CPG - may continue to move sideways with the Kumo as its trading range. See weekly chart below.

CROWN - continue to move inside the triangl. It tried to breakout but failed.

DAVIN - may continue its slow upward movement.

DD - went down by 5% last week. Bearish sentiment is still there.

Philippine Stock Market – Update on selected stocks 11/18/2016 | TLB – Philippine Stock Market

[snake_eye]

@istoryamember, do you think that BPI can still recover from the bearish movement?

[istoryamember]

@istoryamember, do you think that BPI can still recover from the bearish movement?

yes it will pero I think d pa karon. Nangita pa ug maayong support

[snake_eye]

yes it will pero I think d pa karon. Nangita pa ug maayong support

so I guess I'll hold to it a little longer...already sold some of my stocks at a loss...don't want to loose money anymore...
sayang.

[noboss]

so I guess I'll hold to it a little longer...already sold some of my stocks at a loss...don't want to loose money anymore...
sayang.

so far BPI is downtrending boss. next supports are 90, 87, and near 83 areas. maau boss kay nakarealize ka cutloss.
check those stocks na outliers karun boss. those uptrending.

[snake_eye]

so far BPI is downtrending boss. next supports are 90, 87, and near 83 areas. maau boss kay nakarealize ka cutloss.
check those stocks na outliers karun boss. those uptrending.

hayyz.. lagi @noboss...need to research more on this...I'm now doing TA kay na encourage ko ninyo to do so... checking also on other charts as well and checking business news, too...

[noboss]

hayyz.. lagi @noboss...need to research more on this...I'm now doing TA kay na encourage ko ninyo to do so... checking also on other charts as well and checking business news, too...

focus on the TA boss i suggest. then ang news more on supplement. for me ha. kay as experienced the chart and price movements is reflecting what might happen next. the time the news comes out, hinog na kaau ang setup. gatiming ba. pero also naa sad mga times na grabe ang market sentiment on news especially if grabe ang impact. case to case basis pirmi. like sa WEB nahitabo na gikuha ila license sa operation a few months ago, so kato critical jud to. pero TA for me gives a reliable probability for profitability.

for TA, commonly used kay moving averages and RSI. you can also study fibonacci after kay medyo advance.