Philippine Stock Market – Update on selected stocks 02/09/2018
2GO, AGF, AGI, ALCO, ALI, ANI, BDO, BEL, BLOOM, BPI, BRN, CLC, CLI, COSCO, DD, DNA, DNL, EMP, EW, FLI, HVN, IMI, ISM, ION, JGS, LPZ, LTG, MAC, MARC, MAXS, MRC, MRP, MRSGI, NOW, NRCP, PGOLD, PLC, TUGS
2GO - holding on the support provided by the Kumo at 18.90 per share. Test buy when you see a bullish candlestick formation this week.
AGF - may continue to move up following the strong rally last Friday that puts the price above the Kijun Sen line on daily chart. KSL or Kijun Sen line becomes the support at 3.72 per share in the event that price will retreat. On weekly chart, we can see a bullish pull towards 4.45 per share.
AGI - support at 15.18 per share was able to hold the price from declining further. It registered a 2.3% loss last week but may be able to bounce from the support this week.
ALCO - while on significant bullish or bearish signal in the short term, this stock is likely to just move sideways with its 1.00 - 0.82 per share range.
ALI - the support at 46.00 per share was broken as it fell by 4.1% week on week. If it goes up this week, expect some headwinds at 46.00 per share while support is at 42.00 per share.
ANI - buyers could still be able to push the price up but some gainers may cash in resulting to a balanced price movement at current level.
BDO - may settle near 147.20 per share while Kijun Sen line will provide support. Area of support may also extend to 145 per share. Test buy if you see a bullish candlestick pattern this week.
BEL - down by 3.7% last week and may continue to decline and find support at 3.54 per share. This support was visited few months ago. Test buy when you see a bullish candlestick pattern at that level.
BLOOM - made a strong finish last week as it rose by 9.6% week on week. Resistance is seen at 14.00 per share.
BPI - sideways with bearish bias due to the pull from Kijun Sen line on both daily and weekly chart.
BRN - Doji candlestick at the support area. This could mean a bounce for BRN. Either you wait for green signal or test buy at current level. Support extends towards 0.89 per share.
CLC - sideways within the bounds of the Kumo on daily chart.
CLI - it is currently trading within the suppport area but no bullish signal can be found yet. Better wait for it.
COSCO - still holding on at the support area. Could have a spike this week but may not be enough to reverse its sentiment.
DD - bearish sentiment is strong at this time after it dropped by 7.3% week on week. Support is at 36.00 per share
DNA - it registered a weak bullish signal via Tenkan Sen / Kijun Sen Cross. Test buy near 4.33 per share.
DNL - down by 3.6% last week and was saved by the support at 11.37 per share. There is still a threat at 10.20 per share.
EMP - sideways with bearish bias. Support is at 7.38 per share while resistance is at 7.88 per share.
EW - could make use of the support given by the Kumo to bounce from current price towards 30.50 per share but the spike may not stay for long.
FLI - down by 4.3% last week to close at 1.79 per share. Price may continue to drop and find support at 1.75 per share.
HVN - no bearish signal yet but RSI or Relative Strength Index is already high which suggests the stock is already overbought. Be careful.
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Philippine Stock Market – Update on selected stocks 02/09/2018 | TLB – Philippine Stock Market