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equilyst · 3 years
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Metrobank (MBT) Analysis: Average Down If You Already Have It?
The foreign investors are still not buying back the billions of pesos' worth of Metropolitan Bank and Trust Company shares they've sold year-to-date. Read our analysis on MBT to help you decide if you should average down or not.
Metropolitan Bank and Trust Company (MBT) Technical Analysis I’ll change my writing style for my daily free stock analysis starting in today’s write-up. I’ll remove most of the statistics that are not part of my Evergreen Strategy 2.0 and stick to the ones that Equilyst Analytics’ clients and I only care about as far as the Evergreen Strategy in Trading and Investing in the Philippine Stock…
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equilyst · 3 years
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Global Ferronickel (FNI) Analysis: Buy Now or On Breakout From ₱2.80?
Global Ferronickel Holdings (FNI) has been moving sideways between ₱2.40 and ₱2.80 for over a month already. Read our technical analysis on FNI to help you finalize your buy, hold, or sell decision.
Global Ferronickel Holdings, Inc. (FNI) Technical Analysis Global Ferronickel Holdings or FNI closed on May 18, 2021 at ₱2.60 per share, up by 4.42 percent. Don’t thank the foreign investors for that. They only registered a net foreign buying worth ₱1.30 million. FNI’s total turnover value today was ₱11.20 million, which is relatively small, still. There’s not much to quote the foreign investors…
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equilyst · 3 years
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MerryMart (MM) Analysis: Likely to Return Above ₱4.50 or Test ₱3.25?
MerryMart broke below the previous support at ₱4.50 after struggling to stay afloat for two months. Read this analysis on MerryMart to know if MM is more likely to recover above ₱4.50 or test ₱3.25.
MerryMart Consumer Corp. (MM) Technical Analysis MerryMart Consumer Corp’s daily volume has noticeably diminished since the last week of March 2021 compared to the previous months. The foreign investors’ participation has followed that trend, too. Today, May 17, 2021, Merrymart closed at ₱4.03, down by 7.99 percent, with a total turnover of ₱97 million. Only less than one percent of that came…
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equilyst · 3 years
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Puregold (PGOLD) Technical Analysis: Wait Near ₱29 or Lower?
Puregold (PGOLD) Technical Analysis: Wait Near ₱29 or Lower?
Puregold Price Club, Inc. (PGOLD) Technical Analysis I know you don’t want to read a bearish introduction, but Puregold Price Club is more likely to test the support at ₱29.00. Its immediate resistance is near ₱34.00. PGOLD dropped today at ₱31.65, down by 3.95 percent, with a total turnover value of nearly ₱240 million. Blame the foreign investors for being the main driver of PGOLD’s today’s…
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equilyst · 3 years
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Megaworld (MEG) Technical Analysis: Buy Now or Wait for a Rebound Above ₱2.90?
It seems that Megaworld Corporation will add more red days in its records as it continues to dance below its 10-day simple moving average. Do you see this as an opportunity to buy now or wait until it breaks above the resistance at ₱2.90?
Megaworld Corporation (MEG) Technical Analysis Megaworld Corporation has struggled to get past its 10-day simple moving average (SMA) for the past 21 trading days. However, I don’t see any concern on its daily volume since it regularly registers a daily volume higher than 50 percent of its 10-day volume average. The foreign investors influence this downtrend by a certain degree since there are…
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equilyst · 3 years
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MRC Technical Analysis: Top Up or Stop It?
MRC Allied, Inc. (MRC) has been in the downtrend channel since it reached its 2021 high last January 20, 2021. On the other hand, today Market Sentiment Index is bullish. Is this an opportunity to buy more for less or it's a total waste of buying power?
MRC Allied, Inc. (MRC) Technical Analysis MRC Allied (MRC) has been trading below its 10-day simple moving average (SMA) for six consecutive trading days already. Also, it’s been trading between its immediate support at ₱0.35 and immediate resistance at ₱0.46 for 44 consecutive trading days. MRC has stayed in the downtrend channel since it hit its highest price this 2021 last January 20, 2021.…
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equilyst · 3 years
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DITO Technical Analysis: Buy Now or Wait Near ₱8.50?
The sideways trend of DITO CME Holdings Corp. is influenced by the relatively low volume since mid March 2021. Read our technical analysis on DITO to have a data-driven idea if you should buy the stock now or observe if it'll test the support at ₱8.50.
DITO CME Holdings Corp. (DITO) Technical Analysis DITO CME Holdings Corp. (DITO) has been trading below its 10-day simple moving average (SMA) for nearly a month already. Today, May 10, 2021, it closed at ₱9.66 per share, down by 1.43 percent, with a total turnover value worth ₱49.40 million. The foreign investors printed a net foreign buying worth nearly ₱5 million, but they’re not the main…
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equilyst · 3 years
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PXP Technical Analysis: Buy Now or Wait for a Breakout Above ₱8.90?
PXP Energy Corporation manages to stay above its 10-day simple moving average for six trading days, but until when can it sustain it? Read our analysis on PXP to know if the reward-to-risk ratio is attractive or if there's a confirmed buy signal.
PXP Energy Corporation Technical Analysis PXP Energy Corporation has been dancing above its 10-day simple moving average for six consecutive days despite the absence of significant buying support from foreign investors. PXP’s immediate support is near ₱6.15, while its immediate resistance is near ₱8.90. Do I see a confirmed buy signal on PXP based on today’s data? First, let’s check the status of…
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equilyst · 3 years
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BDO Technical Analysis: Should Peso Cost-Averagers Buy BDO Now or Later?
BDO Unibank gave up the previous support at ₱101 after trying to stay afloat for six months. Is this an opportunity for peso cost-averagers to buy more BDO shares for less or it's more prudent to wait near ₱85?
BDO Unibank Technical Analysis BDO already broke the previous support at ₱101, which is now acting as the immediate resistance. The prevailing support is at ₱85.00. The foreign investors continue to beat this banking company with a net foreign selling. They’ve been on a net selling for eight consecutive trading days. Do I see a confirmed buy signal on BDO based on today’s data? Let’s see if we’ll…
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equilyst · 3 years
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DITO Analysis: Buy While It's Above the 10SMA or Wait Near ₱8?
DITO Analysis: Buy While It’s Above the 10SMA or Wait Near ₱8?
DITO CME Holdings Corp. Technical Analysis Last May 10, 2021, I wrote that there was no confirmed buy signal for DITO CME Holdings Corp. That means this stock was likely to continue moving toward the southward direction. At that time, DITO was priced at ₱9.66. The next day, it dove to ₱9.50. Then, ₱9.16, ₱8.99, ₱8.10, ₱7.64, and ₱7.64 followed. I don’t see the future, but my Evergreen Strategy…
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equilyst · 3 years
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Cebu Landmasters Technical Analysis: Likely to Hit ₱7.64 or Retreat Below ₱6.22?
Cebu Landmasters pierced the previous resistance at ₱6.22 with a volume higher than 100 percent of its 10-day volume average on May 24, 2021. Read our analysis on CLI to know if it's bullish to hit ₱7.64 or likely to go back below ₱6.22.
Cebu Landmasters, Inc. Technical Analysis Cebu Landmasters’ main support is near ₱6.22, while its immediate resistance is near ₱7.64, confluent with the 61.80 percent extension of the Up Fibonacci. Also, foreign investors have insignificant trades on this stock. Does CLI have a buy signal? Let’s find out with my 6-way test according to my Evergreen Strategy 2.0. Parameter 1: Is its last price…
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equilyst · 3 years
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APL Technical Analysis: Is Its Recovery Sustainable or It's Just a Dead Cat Bounce?
Apollo Global Capital recovered above its 10-day simple moving average after 18 trading days of staying below that level. Read our analysis on APL to have a data-driven basis on whether its recovery is sustainable or it's just a dead cat bounce.
Apollo Global Capital, Inc. (APL) Technical Analysis Apollo Global Capital’s main support is near ₱0.164, while its immediate resistance is near ₱0.243. So, does APL have a buy signal? Let’s find out with my 6-way test according to my Evergreen Strategy 2.0. Parameter 1: Is APL’s last price moving above its 10-day simple moving average (SMA)? Answer: Yes Parameter 2: Is APL’s moving average…
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equilyst · 3 years
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DFNN Technical Analysis: Is the Breakaway Gap a Buy Signal?
DFNN registered a breakaway gap on May 7, 2021. However, its Market Sentiment Index is bearish. Should you force an entry or it's better to wait for a pullback or a breakout? Should you top up or hold your position?
DFNN, Inc. Technical Analysis DFNN closed on a positive note on May 7, 2021, Friday, at ₱4.98 per share, up by 20.87 percent. It is the stock’s biggest breakaway gap year-to-date with a total turnover value of ₱148 million. The immediate support is near ₱4.73, while the immediate resistance is near ₱5.50. Please refer to the chart below for the lower and higher support and resistance levels,…
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equilyst · 3 years
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URC Technical Analysis: Buy More Even if Foreign Investors Are Net Sellers YTD?
Universal Robina Corporation's last price has recovered above its 10SMA and its MACD already crossed above the signal line, but the foreign investors are on a ₱300 million net selling status year-to-date. Would you buy URC?
Universal Robina Corporation Technical Analysis Universal Robina Corporation (PSE:URC) surged by 2.77 percent, closed at ₱130 per share, and printed a total turnover value worth nearly ₱328 million on March 19, 2021. The local investors were the main drivers of the price action today. On the other hand, the foreign investors registered a net foreign selling worth nearly ₱16 million. They are net…
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equilyst · 3 years
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TEL Technical Analysis: Is There a Buy Signal for Long-term Investors?
PLDT, Inc. (TEL) gained a confirmed buy signal based on our Evergreen Strategy 2.0. Should long-term investors pursue buying this stock despite the neutral average Market Sentiment Index? Read our analysis on TEL.
PLDT, Inc. Technical Analysis PLDT, Inc. (PSE:TEL) went up by 1.70 percent, closing at ₱1,313.00 per share, with a total turnover value worth ₱258.50 million on March 17, 2021. It was a close fight between the local and foreign investors regarding who’s going to be the day’s main price driver. The local investors prevailed, leaving the foreign investors with a net foreign buying worth ₱84.40…
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equilyst · 3 years
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BHI Technical Analysis: Prepare to Buy or Sell?
The Evergreen Strategy 2.0 issues a confirmed buy signal for Boulevard Holdings. However, BHI has an extremely high sensitivity level, and the reward-to-risk ratio is not that attractive. Should you buy or sell BHI?
Boulevard Holdings Technical Analysis Boulevard Holdings, Inc. (PSE:BHI) is the only stock with an above-zero Day Change among the top 30 traded stocks as of closing on March 15, 2021. BHI closed today at ₱0.085, up by 14.86 percent, with a total turnover value of ₱164 million. Foreign investors do not have significant participation in trading BHI. Today, they printed a net foreign selling worth…
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