$PSEI at below MA100 na pod
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to input boss sa imo gauge sa stock, as experienced and assessed not all stocks na magcross ang 50ma sa 200ma is a buy. kelangan pa eassess ang overall picture sa trend sa stock. for RCI, it is still in range. as long as its inside 2.8 area and not going out of the biiger 4.5 range.
easier to ride stocks that are already trending and confirmed out of its range like mga ATH ang 52wk high stocks since that is where the volume is and will be. kelangan lang eavoid to buy on top of the trend or when its weaking.
Philippine Stock Market – Update on selected stocks 9/7/2018
AGI, ALI, BDO, BEL, BLOOM, CLC, DD, DNL, EEI, GLO, GSMI, HOUSE, ICT, IDC, IMI, ION, IRC, ISM, JFC, JGS, LPZ, LR, LTG, MAXS, MBT, MEG, MPI, MRC, MRP, MRSGI, NOW, PGOLD, PHEN, PIZZA, PPG, PXP, TUGS, VITA, VUL
AGI - after breaking the resistance slope, it continued to move up an hit its PRZ but has failed to retain its position. Newly found support created from the resistance slope breakaway is still there. Price may move sideways this week.
ALI - after hitting the Senkou Span of Kumo, price went down by 5.2%. Price may continue to drop with support at 40.5 per share.
BDO - broke the support at 125 per share with bears in control. There might be spikes this week but resistance at 123 per share will be strong at this time.
BEL - broke the support slope provided by the wedge and closed at the low. This means bears are in control. Price may continue to drop while looking for a support.
BLOOM - sideways with bearish bias
CLC - no bullish signal even with RSI or Relative Strength Index at 28.35 Price may continue to drop and find support at 5.8x per share
DD - sideways with bearish bias
DNL - bears are still in control.
EEI - broke from the 10 per share support which is considered a strong support. Next support is at 9 per share.
GLO - toppish at current level with bearish candlestick formation at the top of the trend.
GSMI - up by 6.2% this week with no bearish signal yet. Price may continue to move up with some sellers trying to protect their gain.
HOUSE - up by 7% to close at 7.60 per share. It broke some resistances on daily chart. Price is likely to continue to rise this week.
ICT - toppish at current level with price at reisistance area provided by the Kumo and Kijun Sen line on weekly chart. Support is at 90 per share.
IDC - up by 25.1% to close at 6.67 per share. Price may go sideways this week with bullish bias.
IMI - may continue to consolidate within the 14.56 - 12.58 per share range.
ION - bears are in control. There might be spikes every now and then but could be a trap for newcomers. Better to set your eyes on other stocks.
IRC - there is no bearish signal created last week which means price may continue to go up. It went up by 12.4% last week to close at 1.91 per share. Resistance is at 2.0 per share. The stock is already overbought so be careful.
ISM - currently sitting on support from the Kumo. Will it bounce this week?
JFC - may move sideways this week with support at 275 per share and resistance at 290 per share.
JGS - resistance at 60 per share proved to be strong at this time. Bulls were able to bring the price at 60 but the bears overcame it and send the price dropping by 3.9% to close at 57.65 per share. Price may move sideways this week within 55 - 60 per share range.
LPZ - up by 6.8% to close at 5.02 per share just knocking on resistance area. Since we don't see a bearish signal at the closing, price may continue to move up this week.
LR - sideways with bullish bias.
LTG - sideways with bearish bias.
MAXS - bears ruled last week with price dropping 8.3% to close at 12.10 per share. It seems that the bears are not yet done with this stock.
MBT - back to its support at 69 per share. Last time it visits this area, it showed a bullish candlestick and price went up to 77. As of now we don't see bullish signal, lets wait.
MEG - this stock is creating an upward channel with two higher highs and two higher lows. Will it continue to take this road or it will be derailed. Price is currently at support slope. With a good upside from support slope, I would rather wait for the green signal.
Read more Philippine Stock Market – Update on selected stocks 9/7/2018 | Philippine Stock Market
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