Archive for February, 2011
Oriental Peninsula Resources Group’s performance in 2010 was one for the records as it posted a stellar gain of about 450% inside a year. Imagine, ORE’s shares were only trading at around PHP 0.81 during the beginning of last year. And a little over a month since [...]
The Philippine Stock Exchange Index (PSEi) has given us new hope after it bounced off the support of the downward trading channel at 3728.
We would expect that as the index rises, it would meet resistance areas at 3950, where the former support of the uptrend is located, 4020, where the 50-day moving average is, and [...]
Let’s take a look at the chart of the Philippine Stock Exchange Composite Index (PSEi) once again. Based onmy technical analysis the last time (kindly check this), I mentioned that there was a falling wedge pattern forming within the 2-year ascending channel. In case you do not know, falling wedges are naturally bullish since it represents a temporary price retracement [...]
The Philippine Stock Exchange Index (PSEi) keeps on making new lows for the past four months. It’s come to a point where it’s becoming alarming for many. People are getting confused as many have been saying that we should still be in a bull run while others are not so sure.
First point is that our [...]
What’s cooking in the Philippine Stock Exchange? Well, Alliance Select Foods, Inc. or FOOD looks to be on the brink of another major upswing For those who does not know this company, it used to be known as Alliance Tuna International, Inc. (TUNA). It’s a company that is engaged in tuna processing, [...]
WTI Crude soared back to $92.84 per barrel on January 31, 2011 during the height of the social and political unrest in Egypt. Aside from the negative sentiment that the crisis has brought, traders were also worried that the people’s uprising could interrupt the flow of trade in Suez Canal. Like [...]
The Philippine Stock Exchange Index (PSEi) alarmed us last week when it breached through the support of the upward channel, indicating that this could be the end of the whole trend that started in March 2009. Immediately after that, the index went back inside the range.
Despite this, it looks like the PSEi continues to consolidate [...]