Monthly Archives: April 2021

On Balance: Daily Notes for April 16, 2021

Posted on April 15, 2021 by research

OUR VIEW Trade within the market’s range and take note of the 6,600 to 6,700 resistance level. Be cautious at the same time given the impending death cross, a strong sell signal of EMA crossover, along with the weak investors’ … Continue reading →

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On Balance: Daily Notes for April 15, 2021

Posted on April 14, 2021 by research

OUR VIEW Buy fundamentally strong stocks for the long-term horizon while some prices are still at a bargain level. But limit your position as concerns over the Covid-19 pandemic lingers. The Philippines remains at the second strictest lockdown measures which … Continue reading →

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On Balance: Daily Notes for April 14, 2021

Posted on April 13, 2021 by research

OUR VIEW Accumulate shares on dips but still limit your position given the low market participation and lack of catalyst. The market has been in tepid trading for a few days now with a net value turnover of lower than … Continue reading →

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On Balance: Daily Notes for April 13, 2021

Posted on April 12, 2021 by research

OUR VIEW Position in the fundamentally strong stocks despite the uncertainties lingering in the market. Investors are expected to monitor the Covid-19 daily cases but we do not see a reversion to the strictest lockdown measures. They will also wait … Continue reading →

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On Balance: Daily Notes for April 12, 2021

Posted on April 12, 2021 by research

OUR VIEW Trade cautiously this week as the local bourse could move sideways with a downward bias amid lingering concerns caused by our COVID-19 situation. Last week, our daily additional Coronavirus cases remained elevated, averaging 9,898 per day. The continuous … Continue reading →

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On Balance: Daily Notes for April 08, 2021

Posted on April 7, 2021 by research

OUR VIEW Sell shares for now following the three consecutive gains of the market. We also expect traders to profit take today due to the long weekend ahead. On a positive note, more fiscal stimulus and the upward revision of … Continue reading →

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On Balance: Daily Notes for April 07, 2021

Posted on April 6, 2021 by research

OUR VIEW Secure some gains. After the market’s rally yesterday, some traders may book some profits since we see no conviction on yesterday’s performance as the net value turnover posted lower than the year-to-date average. Also, immediate resistance is peg … Continue reading →

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On Balance: Daily Notes for April 06, 2021

Posted on April 6, 2021 by research

OUR VIEW Trade within the short-term range of the market from 6,380 to 6,600. The continued expansion of the Philippine manufacturing PMI which pegged at 52.2 may provide positive sentiment, however, this is lower than February’s 52.5. Technical-wise, watch out … Continue reading →

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Manila Electric Company [PSE: MER] Company Report

Posted on April 5, 2021 by research

ACTION PLAN We recommend a BUY on Manila Electric Company [PSE: MER] with a target price of P310.60 and a holding period of 9 to 12 months. From its March 31, 2021 closing price of P272.00, the share is seen … Continue reading →

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On Balance: Trading Guide for April 05 to 16, 2021

Posted on April 5, 2021 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: TECH & HOME For the full research,  kindly go here: Philstocks Trading Guide … Continue reading →

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