Philippine Stock Market – Update on selected stocks 1/20/2017
ALI, ALT, ANI, APL, ARA, BEL, BHI, BLOOM, BRN, CAL, CPG, CROWN, DAVIN, DD, DNL, EEI, FLI, FOOD, GERI, GLO, ISM, JGS, LBC, LC, LIHC, LR, LTG, MARC, MCP, MED, MEG, MPI, MRC, MRSGI, PGOLD, PHEN, PLC, SBS, SLI, TUGS, VITA
ALI - bounced from the Senkou Span on weekly chart and bulls were in control at the end of the week with newly found support at 35 per share. Price may continue to move up but not without testing the new found support. Next resistances are 36 and 38 per share.
ALT - bears are in control with resistance at 7.315 per share. In case of a break and rally, the gap above may be closed but stock is very volatile so better to cash in if you have a gain. Not for the faint of heart.
ANI - sideways with bullish bias. Price is heading towards its resistance slope for daily and weekly chart.
APL - resistance at 0.056 has been tested for two successive weeks but bulls continue to fail. Last week's performance brought bearish sentiment.
ARA - sideways with bullish bias. Support is at 2.42 per share while resistance is at 2.74 per share. Kijun Sen at 2.98 is still valid for attracting the price up.
BEL - hit the resistance slope last week but wasn't able to sustain its rally. So far no bearish candlestick pattern. Bulls my try to push the price up this week.
BHI - sideways within the 0.07 - 0.08 range
BLOOM - went up by 12.4% last week to close at 7.05 per share breaking the psychological resistance at 7.00 per share. Bulls are currenly in control after it broke from the Kumo. Based on its weekly trend, a possible 8.00 will be reached but remember this areas was tested 3x in the past.
BRN - sideways with bearish bias.
CAL - currently at the the resistance level with greater chances to move up this week. Next resistance is at 3.00 per share.
CPG - sideways with bullish bias.
CROWN - still trying to break from the current resistance but bulls are weakening
DAVIN - Kijun Sen line at 6.85 per share may continue to pull the price up this week.
DD - sideways with bearish bias
DNL - possible test of its newly found support at 12 per share. Setup is still bullish.
EEI - made a 24.2% climb last week to close new the Kijun Sen line. This is our resistance. Does EEI still the strength to go up?
FLI - sideways with trading range at 1.61 - 1.70 per share
FOOD - Kijun Sen line at 1.07 per share could still pull the price up. It went up by 7% last week
GERI - may continue its path in completing the cup formation.
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Philippine Stock Market – Update on selected stocks 1/20/2017 | TLB – Philippine Stock Market