Philippine Stock Market – Update on selected stocks 11/25/2016
AC, AGI, ALI, ANI, APL, ARA, AT, BDO, BEL, BHI, BLOOM, BPI, BRN, CAL, CEB, CHP, COSCO, CPG, CROWN, CYBR, DAVIN, DD, DIZ, DNL, EDC, EEI, EW, FGEN, FLI, FOOD, GLO, GTCAP, HVN, IDC, ION, IS, ISM, JFC, JGS, LC, LIHC, LR, LTG, MAXS, MBT, MCP, MED, MEG, MPI, MRC, MRSGI, NI, NIKL, NOW, PCOR, PGOLD, PLC, PPC, PXP, RWM, SECB, SHLPH, SLI, SMPH, STI, TEL, TUGS, WEB, X
AC - bearish sentiment is evident on this stock after it dropped by 6.7% last week. Although it found support at the Kumo and 61.8% Fibonacci Retracement level, it may not be enough for a reversal. It could go sideways instead.
AGI - Kijun Sen line at 13.86 may continue to pull the price up especially if we don't see a confirmation to the Doji candlestick we saw last Friday.
ALI - sentiment is still bearish although we may see a spike this week following last Friday's movement but it may just create a lower high as price continues to move downwards
ALT - spike may happen and test the resistance at 3.0 per share but stock is still bearish so be careful and don't stay longer when spike happens.
ANI - went up by 11% to close at 4.25 per share last week but if you notice it wasn't able to break from the Kumo which is its immediate resistance after breaking previous resistance at 4.10 per share. Either you wait for the Kumo Break or test buy near 4.10 per share which is its newly found support.
APL - sideways with bullish bias
ARA - heading towards 2.0 per share as next support after the Kumo failed to support the stock. Price went down by 6.6% to close at 2.07 per share. Don't be in a hurry to buy. Wait for the signal.
AT - no bearish signal seen yet which means price is more likely to go up this week. It will test the resistance posted by Senkou Span B
BDO - sideways with bearish bias. Support is at 109.75 per share.
BEL - tested its newly found support at 3.075 per share. Is it now ready to resume its ascend? Test buy near support at 3.08 or 2.92 per share. Resistance is at 3.45 per share.
BHI - no confirmation from previous candlestick. It instead drop by 9.1% reinforcing bearish sentiment. Now at 78.6% Fibonacci Retracement level without bullish candlestick signal. No rush. Wait for the signal.
BLOOM - still knocking on resistance level and may move sideways while the bulls muster it strength before the next attempt. Support is at 5.50 per share in case it will turn sour. Test buy near the support or when breakout happens
BPI - currently at 61.8% Fibonacci Retracement level after it dropped by 5.4% last week. This is an interesting area. Will there be bounce from here? Test buy at current level or wait for bullish candlestick at the end of the week.
BRN - sideways with bullish bias
CAL - ended with a Doji but still maintains the bullishness following previous ascend. Resistance is still at 3.01 per share.
CEB - sideways with bullish bias
CHP - sideway with bullish bias
COSCO - still within the support area provided by the support slope. No bullish signal though.
CPG - ended at the support level last week. It may test the resistance this week.
Philippine Stock Market – Update on selected stocks 11/25/2016 | TLB – Philippine Stock Market
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Originally Posted by kenopause02
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