Posts Tagged ‘phi’
The PSEi managed to be the one of the few winning markets in Asia to close in the green after index heavyweight TEL ended up yesterday. The stock gained 90 pesos yesterday despite the fact that its US counterpart PHI lost ground.
Back to the index, volume improved to a little to go above one billion [...]
Thanks to a member of Absolute Traders for pointing this out to us. I was too fixated on the one year chart that I didn’t notice that TEL has formed what seems to be a head and shoulders pattern.
This is now a secularized pattern since this was formed over a year, so don’t expect the [...]
By Benedict Sylianteng
Initially, I was eyeing the 2,000-2,200 level for the PHISIX as a good level to start accumulating stocks both from a technical and fundamental standpoint. Looking at the charts, it should be the target of the recent double top pattern the PHISIX formed.
Fundamentally, the Philippine financial system remains stable as banks have had [...]