Archive for December, 2010
The Philippine Stock Exchange Index (PSEi) has started to test the resistance of the downward trading channel that we’ve drawn. And the fact is, it has a chance of breaking out from that area. At this point, we see that the index has better chances of going up than down.
First, not only is the PSEi [...]
The Philippine Stock Exchange Index (PSEi) has disappointed us once again. After it broke out of a falling wedge and being supported by the 50-day moving average, it suddenly gives way to close the week much lower than expected.
We expected that the 50MA would have held up the index at 4192 but the PSEi broke [...]
After being in the doldrums for a month, the Philippine Stock Exchange Index (PSEi) has finally showed some strength. Not only is this a possible continuation of the previous trend but it has shown that the index may still have some resilience towards achieving a new all time high. The PSEi broke out of the [...]
Absolute Traders will be hosting a thanksgiving dinner and Year-End Financial Markets Analysis review with our AT family and friends on Monday, December 13, 2010.
US, PSE & Forex Market Technical Analysis
TA Study and presentation of selective PSE stocks
After event Party!
This event is free but everybody’s encouraged to bring an exchange gift worth P300. Come [...]
DMCI Holdings, Inc. or DMC, which is one of the leading construction firms in the Philippines, has been one of the best stock performers since the start of 2009. During the start of 2009, the company’s shares opened at 2.26 in 2009. Since then, its shares has picked speed until it [...]
For the past week or so, the US dollar has rallied strongly against its major peers thanks to the drama in Ireland and the Korean peninsula. Ireland needed about €85 billion ($114 billion) to help service its ballooning deficit and to provide some liquidity in its commercial banks. With the Irish [...]