Daily Archives: July 20, 2020

On Balance: Daily Notes for July 21, 2020

Posted on July 20, 2020 by research

OUR VIEW Book some gains as yesterday’s weak rally may not be sustainable given the low investors’ participation. Covid-19 cases in Metro Manila is also mounting. Department of Health reported 1000+ cases for five straight days in NCR, which could … Continue reading →

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On Balance: Company Reports (TEL & PGOLD)

Posted on July 20, 2020 by research

COMPANY REPORTS PHILSTOCKS ACTION PLAN We recommend buying PLDT, Inc. [PSE: TEL], best at or near its support level of 1,300.00. The share’s price based on intrinsic value estimates, is expected to reach P1,553.50 within a time frame of 9 … Continue reading →

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On Balance: Weekly Notes for July 20, 2020

Posted on July 20, 2020 by research

OUR VIEW FOR THE WEEK Trade cautiously as the local bourse is seen to retest the 6,100 level and the 50-day EMA this week. The local market has shown further signs of faltering as it closed last week below two … Continue reading →

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