URC – Universal Robina Corporation – Technical Analysis – November 24, 2016

Universal Robina Corporation (PSE:URC) is yet to release its third quarter earnings report. Its second quarter net income increased by nearly 21 percent to P3.8 billion from P3.1 billion of the same period last year. Its 6M2016 net income grew by nearly 23 percent to P14.5...

IS – Island Information & Technology – Technical Analysis – November 24, 2016

Island Information & Technology, Inc. (PSE:IS) is yet to release its 3Q2016 earnings report. Looking at its 2Q2016 income statement, IS reduced its losses (negative net income) by nearly 40 percent from a net loss of P110,790.11 for 1Q2016 to its net loss of P67,460.74 for...

X – Xurpas Inc- Technical Analysis – November 22, 2016

Xurpas Inc (PSE:X) exited the bullish long-term trend (200-day Simple Moving Average) in the first week of September 2016. X is also moving within the confirmed bearish channel as far as the alignment of my shorter-term SMAs is concerned (10- and 20-day SMAs). Its immediate...

NOW – Now Corporation – Technical Analysis – November 21, 2016

Now Corporation (PSE:NOW) suffered a negative net income of P20.20 million for 9M2016, which is 30 percent higher compared to the same period last year. Its 3Q2016 negative net income of P11 million is nearly 69 percent higher compared to the same quarter last year. This...

MEG – Megaworld Corporation – Technical Analysis – November 18, 2016

Megaworld Corporation (PSE:MEG)¬†might have hit its support near the 3.68 area, which is 10¬†fluctuations higher than the support that I’ve plotted near 3.58. You can’t be very complacent at this stage yet, however. If you will observe the behavior of MEG over the past...

JFC – Jollibee Foods Corporation – Technical Analysis – November 18, 2016

Jollibee Foods Corporation (PSE:JFC) tries to stay above the 138.20 percent Fibonacci extension, which is near 208-apiece. If and when JFC breaks out below the support near 208, the next support waits near 200, which is the 161.80 percent Fibonacci extension. JFC needs to rebound...

ALI – AYALA LAND INC – Technical Analysis – November 18, 2016

Looking at this Down Fibonacci plotted on the chart of Ayala Land (PSE:ALI), you see that the support near the 138.2 percent Down Fibonacci extension was respected as ALI’s support. Last November 17, 2016, ALI managed to recover and trade above its 10-day Simple Moving...

PLDT (TEL) – Technical Analysis – November 18, 2016

Since its 8.15 percent drop in its price last August 2, 2016 (from P2,136 to P1,962), TEL has strongly trekked the downtrend channel. The longer-term Simple Moving Averages (SMAs) on my chart hover the shorter-term SMAs. That alignment confirms the position of TEL in the bearish...

Philippine Stock Exchange Index (PSEi) Update as of November 11, 2016

The Philippine stock market has started to tumble down even before the pronouncement of president-elect Donald Trump of the US. Foreign investors started selling billions worth of shares in the first trading days of November 2016. The nearly P2.5 billion Net Foreign Selling (NFS)...

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