Philippine Stock Market – Update on selected stocks 2/17/2017
ALCO, ALI, ALT, ANI, APL, APX, ARA, BEL, BHI, BLOOM, CAL, COSCO, CROWN, DAVIN, DD, DNL, EEI, FOOD, HVN, IS, JGS, LBC, LIHC, LTG, MAXS, MCP, MED, MEG, MRC, PGOLD, PLC, RLT
ALCO - went down by 31.6% to close at 1.06 coming close to its support at 1.00 per share. Price may find support at 1.00 before bouncing back although as of now it could only be used as a fire exit.
ALI - maintains its movement above the Kijun Sen line. Price may take a test at 36.44 per share this week. Next resistance is at 38.62 per share.
ALT - Senkou Span B which acts as resistance continues to put pressure on the bulls. Price went down by 17.9% last week while bearish sentiment is on the air.
ANI - bullish sentiment was enforced last week after it went up by 5% and negating the Bearish Harami pattern. Resistances to break are 5.5 and 6 per share. Will it continue to go up and touch 7.0 per share?
APL - the bulls and the bears where undecided at the end of the week. Price stays at 0.059 per share with support at 0.056 per share. Due to last week's price movement, we think it will continue to move sideways this week.
APX - currently at the support level with RSI or Relative Strength Index at oversold level. You may test buy or wait for a green signal at the end of the week. Next support is at 1.50 per share and a bounce could bring the price at 2.44 per share.
ARA - may continue it slow ascend while we don't see any bearish signal. Kijun Sen line at 2.98 per share is still attracting the price up.
BEL - continues to show equilibrium between the bulls and the bears. A large red could mean a retrace for the stock that may visit 2.83 per share but absence of it will bring the price towards 3.60 and 3.80 per share.
BHI - sideways with bullish bias
BLOOM - looks like the support is strong. Price went up by 3.8% last week. Test buy near support. The bulls may test the 8.00 per share resistance this week.
CAL - after two large red candlesticks, it seems the bears are tired of bringing the price down. Is it a signal that the bulls will take control? Test buy or wait for the Doji's confirmation.
COSCO - may proceed in building its handle but Kijun Sen line is still a threat. Test buy near the KSL.
CROWN - sideways with bullish bias.
DAVIN - touched the 6.0 per share before ending at 6.21 per share. Price is likely to continue moving up this week.
DD - bullish bias is still there. It could break the Kumo this week.
DNL - bulls are still in control. Price is likely to continue climbing this week
Philippine Stock Market – Update on selected stocks 2/17/2017 | TLB – Philippine Stock Market