Xin Nian Kuai Le!

Posted by AiDz – January 24, 2012

The PSE Index – 24 January 2012

The Philippine Stock Exchange Index succumbed to profit taking after four days of gain. It closed at 4,714.35, down 33.55 points, from a record high of 4,747.90 points on 20 January 2012. Losers beat gainers, 89 to 78; while 36 issues unchanged. Support is seen around 4,650 and next resistance is at 4,800 points.

2012Jan24-PSEi

For the past few days, Wellex Industries, WIN, did an outstanding run when it hit the target price at 0.50, although it encountered a minor correction today. Support is at 0.39, it seems that this may continue to go beyond 0.50 but only the ticker can tell :P

Information Capital Technology Ventures, Inc or ICTV closed higher today at 0.61 after reaching a high of 0.64. It looks like it’s forming a cup and handle with a target at 0.93. Support is seen at 0.48.

Gaming, mining and infrastructure stocks are the favorite of analysts for 2012. As for me, it still depends on the chart. I hope we have an auspicious 2012 this year of the Black Water Dragon. To all my Chinese friends, Gong Xi Fa Cai! (Congratulations and be Prosperous!) Xin Nian Kuai Le! (Happy New Year!) :D

11552197-chinese-black-water-dragon--symbol-of-2012-year-origami-vector

Image from 123RF.com
Share This Article:
Facebook Twitter Email Linkedin Stumbleupon

Stocks that Can Make or Break You

Posted by AiDz – January 18, 2012

The PSE Index – 17 January, 2012

The Philippine stock market closed in a positive territory after two days of profit taking. The PSEi added 63.84 points to close at 4,642.76. Gainers outnumbered losers, 113 vs. 59; while 37 issues were unchanged. We might be breaking a new high tomorrow, 18 January, as the US stocks jump today after Chinese data fueled the belief the government may move to stimulate growth. The next psychological resistance for the PSE index is 4,700 points.

2012Jan17-PSEi

Speculative Stocks – WIN and EVER

Wellex Industries Inc. (WIN) – after closing to its previous high and an above average volume, WIN, might continue its upward movement this week. Based from the pivot points, price targets will be at R1=0.42, R2=0.45 and R3=0.50. Support is at 0.25.

2012Jan17-Wellex Industries Inc-WIN

Ever Gotesco (EVER) – EVER is now showing signs of bullishness after breaking out of the kumo or cloud and increasing volume for the past 3 days. We might expect a near term resistance at 0.20. If you’d take a look on its previous high at 0.30, this stock has still lots of potential upside.

2012Jan17-Ever

The stocks I’ve mentioned above are highly speculative but with a great potential, it’s up to you if you want to take the risk, just make sure you minimize it. As for me, I just love to trade volatile and liquid stocks. Good luck and happy trading. ;)

Share This Article:
Facebook Twitter Email Linkedin Stumbleupon

Trading…It’s more fun in the Philippines! PSE Index Soars to All Time High

Posted by AiDz – January 12, 2012

The PSE Index – 11 January 2012

While everyone is busy promoting the Philippine tourism with the help of Department of Tourism’s slogan “It’s More Fun in the Philippines.” I’m still busy promoting the Philippine stock market. Here’s one good reason why it’s good to trade in the Philippine stock market…

ItsMoreFunInThePhilippines

Today’s close at 4,645.86 points marks a new record high for the PSE Index. Market breadth was positive with 127 gainers versus to 49 losers; while 37 stocks unchanged. All-shares Index closed also at its peak of 3,151.2, which was led by the property sector sub-index. Big cap stocks were the most actively traded led by the heavyweights PLDT (TEL, +4.45%), SM Investments Corp (SM,+4.39%) and Ayala Land Inc (ALI,4.15%).

PSEi-Jan11-2012-all-time-high 8778987-stock-market-electronic-board

I was thinking that the index will hit the 4,500 mark on the first quarter of this year but it already surpassed that level earlier than expected. The next target is at 4,700 points while other analysts expect the index to close at 5,000 before the end of 2012. I would expect a market correction for the next few days, probably between 4,540 to 4,450.

Just for your info, based from this report, Philippines is in 2nd place (tied with Malaysia) in the MSCI Emerging Market Equities 2011 best equity performers. Indonesia bested the rest of the EM countries with 6.4% US Dollar total return in 2011. I’m betting that the Philippines will perform better this year ;)

MSCI-EM-2011

So what’s the significance if the index is at all time high? For me, nothing much really, unless your portfolio is comprised mostly of index stocks. It may also attract foreign fund managers to give a second look on the Philippine market. Like what Mark Mobius, chairman of Templeton Asset Management’s emerging market group, said last year that “Philippine stocks are getting “expensive” but there are still buying opportunities in selected sectors like services and commodities.

Well, it’s only a matter of time before we realize what Mr. Mobius is really telling us. ;) I’m not really a long term investor, unless my big trades fail and don’t want to cut a huge loss, but as of now, I still trade speculative stocks because of their volatility but risky :D . I just got in at CYBR (Cyber Bay Corp) since it broke out from 0.85, I can see a near term resistance at 0.95, 1.02 and 1.08. If my speculation is correct, it might surpass 1.45, if a breaking news comes out ;)

2012Jan-Cyber Bay Corporation

Good luck and enjoy trading! ;)

Images courtesy of:

http://itsmorefuninthephilippines.com/

www.123rf.com

Share This Article:
Facebook Twitter Email Linkedin Stumbleupon