Philippine Stock Exchange: Wrap-Up Report – February 24, 2017

MANILA, Philippines – The Philippine Stock Exchange Index (PSEi) succumbed to profit-taking as the week comes to a close. The main index shed 76.57 points or 1.04 percent to close at 7,258.99. The drop was across the board as all sectors closed in the red. The worst...

Robinsons Land Corporation (RLC) – Analysis – February 23, 2017

Robinsons Land Corporation (PSE: RLC) is stuck inside a descending triangle with the support level at 24.50. The formation is bearish in nature unless, otherwise, it breaks above the triangle. Volume has been relatively weaker compared to previous weeks. RSI is neutral in...

Manila Water Corporation (MWC) – Analysis – February 23, 2017

Manila Water Corporation (PSE:MWC) is currently consolidating inside a very small range. The upper limit is at 30.76 while the lower limit is at 29.32. Those will also be the defined support and resistance levels. It seems that the 15 EMA and 20 SMA are holding on as the support....

Philippine Stock Exchange: Wrap-Up Report – February 23, 2017

MANILA, Philippines – The Philippine Stock Exchange Index (PSEi) has extended its rally today, February 23, 2017. The main index added 31.11 points or 0.43 percent to close at 7,335.56. All sectors are up with the exception of the Property and Mining and Oil sectors. The...

First Gen Corporation (FGEN) – Analysis – February 23, 2017

First Gen Corporation (PSE:FGEN) is clearly bearish in both short term and medium term. Support is estimated at 21.50. The volume profile is sluggish and is increasing during the downward move. RSI is now pointing upwards and is seemed to have reached oversold levels. MACD still...

Manila Electric Company (MER) – Analysis – February 23, 2017

Manila Electric Company (PSE:MER) is clearly on an uptrend as its 15 EMA and 20 SMA are trending upwards and acting as the support. The 50 SMA is pointing upwards and is about to do a bullish crossover versus the 100 SMA. Volume has been relatively flat. It is preferable that if...

IRC Properties, Inc. (IRC) – Analysis – February 23, 2017

IRC Properties, Inc. (PSE:IRC) is still in an uptrend channel. The volume during green days is significantly higher than during the red days. IRC has moved down and is about to kiss its 15 EMA. All moving averages are still bullishly aligned. The immediate support is at 1.30...

Robinsons Retail Holdings, Inc. (RRHI) – Analysis – February 23, 2017

Robinsons Retail Holdings, Inc. (PSE:RRHI) is trading inside a symmetrical triangle. The 15 EMA and 20 SMA are acting as the support for the stock. The volume profile confirms the consolidation. The 200 SMA may also act as the support. A breakout is expected within 1 to 2 days...

Calata Corporation (CAL) – Analysis – February 23, 2017

Calata Corporation (PSE:CAL) seems bullish in the short term. CAL has broken out from a downtrend line. The 15 EMA and 20 SMA are still above the price. Volume is still relatively thin. RSI is pointing upwards though suggesting bullishness. MACD is also poised to do a bullish...

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