Tag: MPI

PSEi regains 15.61; View on MPI

Posted by AiDz – July 10, 2011

PSE Index

The PSEi regained 15.61 points to close at 4,391.46 or 0.35% after a 2 day decline from an all time high of 4439.61 on July 5, 2011.

Market breadth was positive and foreigners were net buyers by P3.445 billion.

Will the bull run continue? We’ll find out this week… ;)

Metro Pacific Investments Corp, MPI

Here are some good news on MPI.

“MPI disclosed that it raised Php8.6 Billion by selling 2.4Bil common shares at Php3.60/sh.  The funds raised will be used to finance its expansion in the toll road business, although no other details were disclosed.” – CitisecOnline

MPIC sells share to fund tollway ventures – BworldOnline

2011Jul-MPI-Metro Pacific Investments Corporation

Personally, I like trading this stock, buying from 3.60 and selling above 4.0. If you don’t have MPI yet, you can buy (at your own risk) now at 3.60, my Target Price at 4.0-4.20.   ;)

Good luck on your trades!

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Will the PSEi Break the 4,400 points?

Posted by AiDz – July 4, 2011

The PSE Index, 1 July 2011 

The PSEi entered the month of July with a big rally. Closing with 60.42 points or 1.41%, the index is now at 4,351.63.

On the leaderboards of actively traded were, TEL, GERI, EDC, AGI, PCOR, SMC, PX. It’s a race between Manny V. Pangilinan, Andrew L. Tan, Ramon S. Ang. ;)

 

The PSEi Chart

Looking at PSEi’s chart, it has already escaped the Kumo, after almost one month. The tenkan-sen has now crossed above the kijun-sen, which is a good indication of an uptrend. We only need 50 more points to break the 4,400 major resistance. With the help of Dow Jones’ strong closing last Friday night, (Dow 12,582.77,+168.43,+1.36%) I’m pretty sure that the momentum will continue and we can expect a new bull run for the Philippine stocks.

PSEi-1July2011

 

Stocks to Ponder Upon

Global-Estate Resorts Inc, GERI, might continue its gains on Monday, my Target Price is at 2.34.
Metro Pacific Investments, MPI, target is at 3.90/4.10
Petron Corp, PCOR, my TP is at 16.00.

Philex Mining Corp, PX, on the other hand has a very strong uptrend chart and might continue to breaking new highs, I don’t see any indication of a pullback, as of yet.

This week will be an exciting one, happy trading everyone! :D

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Is it Time to Bounce Back?

Posted by AiDz – June 21, 2011

US stocks climbed as Euro-zone finance ministers gave Greece two weeks to approve stricter austerity measures in the latest effort to deal with its debt crisis. Also, the S&P500 dipped toward 1,259.78, its 200-day moving average, encouraging buyers.

 517807

For technical traders, a 200-day Moving Average,  is a critical indicator since this is the long-term moving average. Many considers a bear market if the moving average, MA goes below 200; near 200, is oversold or a buy signal.

S&P500 above 200d MA

1-Year Chart of S&P500

 

The PSE Index

Back to the local scene, I’m expecting the PSE index to bounce back to 4,200 level because of this positive news. The relative strength index, RSI, is at 35%, near the oversold level.

2011Jun-PHISIX

The biggest winners last week, might continue to gain this week: SCC, MWC, MPI, AP, CEB

Banks and Telco Biggest Losers

While the big banks and telco lost last Friday, it means that it’s a good time to buy at their cheapest prices. You may want to buy near the support as they’ve already reached the oversold level of RSI.

BDO, support at 51
BPI, support at 53
GLO, support at 825
TEL, support at 2180

Good luck! :)

 

S&P500 stockchart from Finance.Yahoo.com

Cartoon courtesy of 123rf.com
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