It’s been a long time coming but Absolute Traders will hold its event, the Chart Analysis Forum, once again!
August is known to be the Chinese ghost month where the perception is that liquidity and the index takes a breather due to the Chinese tradition.  However, it has been proven that this phenomenon does not have [...]

For the past few days, the PSEi has been hugging the neckline of the inverse head & shoulders and was just waiting for one big push.
That one big push came Friday after the DJIA contributed to the prevailing bullish sentiment in the market.  Popular stocks were flying out of their cages, so too were other [...]

After one crazy week, some stocks that we saw last week have already broken out and have given smiles to those who were able to buy them at the right price.  There were also those who aren’t smiling as they weren’t able to ride the wave.  Don’t fret, here’s more suggestions for next week.

AT
Buy: 7.70
Target: [...]

Since the PSEi seems to be turning around and is gearing itself up for a breakout, it’s best that we come up with our own picks for the following week.  Please remember that this is our own opinion and that we don’t guarantee anything.

ALI
Buy: 9.80
Target: 15.75
Cut: 9.60
Return: 61%

CYBR
Buy: 0.39
Target: 0.58
Cut: 0.37
Return: 51%

EDC
Buy: 4.10
Target: 6.70
Cut: 3.75
Return: [...]

Finally, the PSEi is now on the verge of breaking out of its consolidation.
After over a year’s worth of going sideways, the index has finally shown (and what is perceived by many) as a possible inverted head & shoulders.  Should this be the case, the neckline is currently pegged at 2586, with an upside target [...]

The DJIA continues to correct from the highs it made in June.  There is a small head & shoulders formation that already broke the neckline.  This could bring the index down to 7650.
The 100-day moving average may serve as a support at 7995, but I don’t know if that will be a strong support considering [...]

It has been some time since I last wrote about the USD-PHP.  Since October 2008, it has been going sideways up to the present.
But what is clear is that from an uptrend, a symmetrical triangle is forming.  Therefore, I am assuming that after the current consolidation, the ascent will continue.
Should the USD breach the 49 [...]

The PSEi continues to defy the movement of the DJIA.  This should be good news for us as the index is forming its own consolidation without mirroring what’s happening in the US.
Currently, the index is above all 3 moving averages and is still going sideways.  There are some who could see this as a cup [...]

It looks like the 200-day moving average is winning the battle of the irresistible force meeting the immovable object.
Last week, we wrote that it is more likely that the DJIA will correct based on what the indicators are telling us.  True enough, the index followed our expectations because every rise it had the past week [...]

After making a recent high, PSEi has corrected from and respected the level of 2490.  At the same time, it covered a gap made on June 25.  Although that sounds bad at first, the intraday performance was quite resilient as it closed higher than the close and it was near the high.
So what are we [...]