Monthly Archives: October 2020

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: GREEN, PGOLD, ICT For the full research,  kindly go here: PTG – October … Continue reading →

OUR VIEW Trade cautiously as investors await the passage of the 2021 national budget, and earnings season to kickoff. We see the market to have a downward bias as traders may take some profits to avoid uncertainties over the weekend. … Continue reading →

OUR TAKE Converge Information and Communications Technology Solutions, Inc. [CNVRG] will offer 1,505,273,510 shares with an overallotment option of 225,791,026 secondary shares priced at P16.80 each. Approximately 90% of the estimated net proceeds from primary share sales of P7.712 billion … Continue reading →

OUR VIEW Trade within the market’s range, from 5,800 to 6,000-6,100 as investors continue to watch developments on the 2021 national budget hearing. Negative sentiment abroad may spillover after Johnson & Johnson’s Covid-19 vaccine trial has been halted, while hopes … Continue reading →

OUR VIEW Accumulate shares as the House tackles the 2021 national budget, giving hopes to pass the budget on time. We expect investors to closely watch any developments on the hearing of the national budget as this is crucial for … Continue reading →

OUR VIEW Trade within the range of the PSEi, as a breakout from the 6,000-6,100 level is unlikely given the uncertainties over the 2021 national budget which pushed investors to stay on the sidelines. Traders are mostly on the speculation, … Continue reading →

OUR VIEW FOR THE WEEK Unload positions as lingering economic worries may keep the selling pressure on the market. Confidence towards the local market could remain frail as investors continue to worry over economic headwinds. Concerns over the risks stemming … Continue reading →

OUR VIEW Trade within the market’s short –term range. We see the bourse more on the downside amid the uncertainties over the 2021 national budget. This budget is very essential particularly in these times of pandemic as the government needed … Continue reading →

OUR VIEW Accumulate around 5,800 immediate support. Add more shares as the market approaches support area after the three straight days of decline. We may see a rally once it hit the support level of the market, but could only … Continue reading →

OUR VIEW Trade between 5,800 support and 6,000-6,100 resistance area amid mixed sentiment. Positive sentiment may spillover in the local bouse from overseas following the health condition of the US President Donald Trump as this erases uncertainties. Meanwhile, -7% to … Continue reading →