Monthly Archives: November 2020

OUR VIEW Trade cautiously as the long weekend ahead is expected traders to book more gains that could weigh on the market. Chart-wise, the market may fill the gap as well between 6,700 and 6,800. Current support of the market … Continue reading →

OUR VIEW Trade stocks outside the PSEi as correction may continue, we see the index between 6,600 and 7,150 levels. In terms of investor sentiment, we see no changes, investors are still looking forward to economic recovery. The market’s recent … Continue reading →

OUR VIEW Trade cautiously after the market fell yesterday and confirmed the shooting star pattern. Immediate and psychological support is at 7,000 level. Next support is at 6,600 if the market falls further. Equity markets overseas cheered by the positive … Continue reading →

OUR VIEW Sell shares following a bearish signal from the shooting star candlestick pattern formed yesterday. It may show a reversal signal after the short-term uptrend movement of the index. In addition, there’s a gap around 6,700 levels that may … Continue reading →

OUR VIEW Ride with the bulls after the final data analysis of Pfizer’s Covid-19 vaccine shows 95% effective, spurring positive sentiment in the market. Meanwhile, the performance of the US indices overnight may weigh on sentiment. The session in Wall … Continue reading →

OUR VIEW Ride with the bulls after the final data analysis of Pfizer’s Covid-19 vaccine shows 95% effective, spurring positive sentiment in the market. Meanwhile, the performance of the US indices overnight may weigh on sentiment. The session in Wall … Continue reading →

OUR VIEW Secure some profits as the Covid-19 vaccine hopes stall and other markets are seen profit taking as well. Also, PSE index is already overvalued in terms of P/E ratio which is currently at 26x, higher than its 5-year … Continue reading →

OUR VIEW Trade between 6,600 and 7,050. Positive sentiment overseas may spillover in the bourse following the world’s largest trade bloc or the Regional Comprehensive Economic Partnership by the 15 economies in Asia with an aim to gradually reduce tariffs … Continue reading →