Archive for April, 2011
The Philippine Stock Exchange Index (PSEi) just went sideways the past week but it was essentially higher than the previous week’s level. This is something that should be expected when the index is still consolidating in a bigger range.
The 50-day moving average is now racing towards the 100MA to cross above that and resume the [...]
The Philippine Stock Exchange Index (PSEi) looked directionless last week but despite the uncertainty in the market, we still managed to pull off another positive result. We expected that the past week would’ve resulted in low liquidity due to most people being away for Holy Week but it turns out that there were still enough [...]
The Lopez family-led First Philippine Holdings (FPH), much like its subsidiary First Gen Corporation (FGEN), is also poised for a move north at least from a technical perspective.
The price canvas of FPH is one of the few to be tagged as a “technical masterpiece.” After trading in [...]
The Philippine Stock Exchange Index (PSEi) has corrected a bit last week before ending the week strong with selective buying of different issues.
The moving averages may still be adjusting itself to show a more bullish setup, but the 50-day moving average has already started curving upward and chase the 100MA to confirm the bullishness in [...]
The Philippine Stock Exchange Index (PSEi) continued climbing higher the past week even if there were no leads on the local front. The recent push that the market has been getting is probably a follow through buying from the previous week where we were able to climb back into the upward channel, but also get [...]
There were a few significant events that happened in the Philippine Stock Exchange Index (PSEi) this past week. First was that the big rise in our index due to the huge deal between TEL & DGTL pushed the PSEi above the resistance of the downward channel that we were tracking. Second was the immediate reentry [...]