Trading the Philippine Stock Market

[epgarias]

PNB is forming a rising wedge which is a bullish continuation pattern and base on Rule of 5 of EWT after it touches the 5th time in the wedge channel around 46.3 or something it will breakout and will have a strong uptrend. Just my two cents.....

Bro gagamit diay ka ug Elliot Wave Theory? Unsa imo good reference ana niya na nakita ang other RULES aside sa kanang imoha RULE 5..

[D40]

mga stock market gurus, good day! Dugay dugay nako nag lurk dire sa stock market thread pero karon ra ko magpost bahin sa stocks. Naay nangutana bahin sa JG summit pero wala pa nakareply. Ask lang pud ko sa JGS. Unsay tanaw ninyo ani? Historical high na siya at 19.50, murag nisaka ni siya tungod sa Ceb Pac IPO. Musaka pa ba ni siya? Naa man gud ko JGS shares.

[vondave]

bro ep and bro vondave,

unsay analysis ninyo ani nga stocks PNB and RFM. good buy ba ni? near support man unya near oversold pod. ok ba kaha fundamentals ani. nanglupad na man ang price sa uban pero kani PNB murag padulng pa lupad unya ang RFM nag consolidate finding its base at short term trendline support or further down to 20MA support. thanks!

PNB is a good stock based on fundamentals. Under review pa siya sa ATR Kim Eng analysts so I'm waiting for the report, but initial numbers are encouraging. Also, some of the price movement can be attributed to its coming merger with Allied Bank nga dugay na kaayo sige'g ka-delay because of technical requirements but is finally pushing through daw.

I don't have anything on RFM sa ako reports. Check lang iyahang P/E ratio. A rule of thumb is that those below 10 are cheap and good buys, above 10 is expensive and probably overpriced.

As for technicals, both stocks look good, especially RFM that has a clear uptrend that's impossible to ignore. The trend is your friend, di ba. The only thing I have against trading RFM is its relatively low volume compared to the stocks I normally trade. I think 4M on last close. Compare that to AP which was 144M on last close. Dili kaayo as liquid ang RFM but acceptable ra nako. Might even trade this stock now. hehe. Thanks.

[vondave]

sir, very nice goals. i sponsor some kids sa world vision. a way of repaying those who've helped me. this is the main reason why i want to learn stock trading. when i finally have the guts to do what i really want to do, i want to have a regular income stream which would allow me to continue my sponsorship

to financial freedom!

Hi,

Nindota nimo oi. You're already helping na, hehe. Ako, wala pa. But eventually, my goal is to sponsor lots of kids jud using a separate fund that I'll manage. The bigger the fund grows, the more kids I'll sponsor. Salamat for sharing. I'm inspired even more,

[vondave]

thanks vondave for this input:


unsay tan-ow ninyo sa JFC, JGS, MPI, EDC, MEG and FPH. nindot ba ni sila paliton karun?

Bai, reread what I posted. I mentioned na EDC and FPH. MEG and JFC are 'hold', the rest are not rated.

[vondave]

sa COL bro buy ghapon ang JFC.. last month ni palit ko jfc sa trading game pa.. mga 83-85 man tingali to.. nya nikalit lng ug down til 78 or 76.. not quite sure.. kung nakasayo lng ko enroll sa COL.. lami jud unta palit katong pag down niya.. hehe.. +3 iya sako today from 80 to 83.. who knows musaka pa.. musta diay ang DOW run?

Guys, I use COL and I like their website a lot. But I don't like their reports. I find them inconsistent and not as well-researched as ATR Kim Eng's. I know coz I've compared them side by side for a long time. ATR Kim Eng gets them right most of the time. In fact, all stocks that I bought because they recommended it made me lots of money. Basta I already posted my recommendations based on their reports. EDC, FGEN, FPH. I now exclusively use ATR reports.

On COL reports, just to put things in perspective, I've seen them rate stocks as both a 'buy' and a 'sell' at the same time, one in fundamentals, the other in technicals. Yes, really.

[vondave]

You got it right bro. You can use the citisec chart to check the % performance of the sectors when compared to the overall market.

oki, thanks bai.

[vondave]

maayo na lng ako na gi baligya ang akong LPZ... hehe.. ni profit lng kog gamay..

Guys, I'm holding for the longer term. I have my price targets and until I get those, I'm staying invested. If the price dips, I'll add more to my positions.

If your strategy is to go in and out, my warning is you can't time the market efficiently. (I know I've tried for a long time and have had limited success) If you are a strict technician, you will always wait for the bounce from support to confirm the reversal before you buy in again. But the first jumps are usually the biggest gains so if you're not invested, you lose out on the best days.

It is better to stay in the market and reap the best days than trying to stay out to avoid the big losses. Remember that in an uptrend, It's hard for you to lose even when you time your entries badly. Check your trades, basin naka-tsamba ra mo. Overall, I still think staying in until price targets are met is the better strategy. I have my track record and past experience to strengthen my belief.

Just giving the alternative view. I see most of you here are very technical. Don't get too sucked in lang guys. A trading system should be simple and replicable.

[vondave]

i dont like IMI bro techguys. bearish man cya hehe

Stay away from IMI unless fundamentals change. Plus pa the chart tells you it's not going anywhere at all.

[epgarias]

Guys, I'm holding for the longer term. I have my price targets and until I get those, I'm staying invested. If the price dips, I'll add more to my positions.

If your strategy is to go in and out, my warning is you can't time the market efficiently. (I know I've tried for a long time and have had limited success) If you are a strict technician, you will always wait for the bounce from support to confirm the reversal before you buy in again. But the first jumps are usually the biggest gains so if you're not invested, you lose out on the best days.

It is better to stay in the market and reap the best days than trying to stay out to avoid the big losses. Remember that in an uptrend, It's hard for you to lose even when you time your entries badly. Check your trades, basin naka-tsamba ra mo. Overall, I still think staying in until price targets are met is the better strategy. I have my track record and past experience to strengthen my belief.

Just giving the alternative view. I see most of you here are very technical. Don't get too sucked in lang guys. A trading system should be simple and replicable.

Nice insights bro.. Totally agreed with your mid-long term strategies and your opinions about using technical indicators.. Remember the saying "Keep It Simple".. The more indicators we use the more we get confuse and there will be a time nga ma analysis paralysis jud ta.. The two most important indicators lang jud is the PRICE and VOLUME.. Ang kani technical parts sa trading only comprises the 10% area of any trading system. The other two are the money management and market psychology.