Monthly Archives: June 2020

On Balance: Daily Notes for July 1, 2020

Posted on June 30, 2020 by research

OUR VIEW Trade cautiously as investors weigh eased lockdown measures against the rising cases of Covid19. Take note of the Markit Manufacturing PMI data of the Philippines for June, which we expect to remain in the contraction territory. China’s factory … Continue reading →

Comments Off

On Balance: Daily Notes for June 30, 2020

Posted on June 29, 2020 by research

OUR VIEW Watch for possible rebound from psychological support of 6,000, and 50-day exponential moving average (EMA) dynamic support. But be cautious at the same time as the rising number of Covid19 cases onshore and offshore brings fears to the … Continue reading →

Comments Off

On Balance: Trading Guide for June 29 to July 10, 2020

Posted on June 29, 2020 by research

Philstocks Trading Guide We are glad to share this Philstocks Trading Guide to help you widen your trading opportunities and become a more effective stock market trader. Stocks on focus: NOW, HOME, MWIDE For the full research,  kindly go here: Trading Guide – … Continue reading →

Comments Off

On Balance: Daily Notes for June 26, 2020

Posted on June 25, 2020 by research

OUR VIEW Fill the little gap from yesterday’s session, and the 50-day exponential moving average (EMA) is the market’s dynamic support—around 6,000 level. Bangko Sentral ng Pilipinas cuts interest rates by 50 bps, this could spur optimism in the bourse; … Continue reading →

Comments Off

On Balance: Daily Notes for June 25, 2020

Posted on June 24, 2020 by research

OUR VIEW Hunt for bargains if the market stays above the 20-day exponential moving average (EMA), while investors await the BSP policy meeting. Investors are looking for more stimulus from the BSP that could cushion the impact of Covid-19 pandemic, … Continue reading →

Comments Off

On Balance: Daily Notes for June 24, 2020

Posted on June 23, 2020 by research

OUR VIEW Trade above the 20-day EMA but set a cut loss if it falls below that level. Pandemic worries remained on the table, although recovery hopes are pricing in by the investors already. Chart-wise, investors were supportive with the … Continue reading →

Comments Off

On Balance: Daily Notes for June 23, 2020

Posted on June 22, 2020 by research

OUR VIEW Trade cautiously due to lack of strong catalyst in the market, while coronavirus cases abroad are on the rise -threatening a second wave, and here at domestic, cases surpassed 30,000 mark. Recovery hopes linger in the minds of … Continue reading →

Comments Off

On Balance: Weekly Notes for June 22, 2020

Posted on June 21, 2020 by research

OUR VIEW FOR THE WEEK Take profits this week as the lack of positive impetus amid resurging COVID-19 worries is projected to tilt the local bourse’s direction to the downside. The bearish sentiment is seen to continue this week amid … Continue reading →

Comments Off

On Balance: Daily Notes for June 19, 2020

Posted on June 18, 2020 by research

OUR VIEW Trade cautiously as investors braced themselves for the scheduled FTSE rebalancing today.  Meanwhile, concerns over the rising cases of Covid-19 at home and abroad linger in the sentiment.  Investors could profit take in preparation for the weekend. Dynamic … Continue reading →

Comments Off

On Balance: Daily Notes for June 18, 2020

Posted on June 17, 2020 by research

OUR VIEW Book some gains amid IMF’s warning of unprecedented crisis while investors will watch for geopolitical tensions. North Korea reportedly destroyed a liaison office with South. Meanwhile, foreigners turned sellers for the past three days, averaging at P1.19 billion … Continue reading →

Comments Off