Monthly Archives: October 2021

On Balance: Daily Notes for October 29, 2021

Posted on October 28, 2021 by research

OUR VIEW Accumulate cautiously on the 7,100-7,1500 support areas. However, traders may extend profit -taking on the last trading day of the week ahead of the long weekend. Although we are seeing an improvement in our Covid-19 situation, other countries … Continue reading →

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On Balance: Daily Notes for October 28, 2021

Posted on October 27, 2021 by research

OUR VIEW Trade cautiously. Investors are expected to maintain a careful stance while waiting for catalysts in the market. In particular, investors are seen to be waiting for the government’s decision on the social restriction measures of the country after … Continue reading →

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On Balance: Daily Notes for October 27, 2021

Posted on October 26, 2021 by research

OUR VIEW Trade cautiously as the market awaits for the catalyst to break the current resistance level of 7,300. We’ve seen buyers coming back yesterday, taking advantage of the two-day market decline. However, market turnover was weakening, recorded at P6.37 … Continue reading →

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On Balance: Daily Notes for October 26, 2021

Posted on October 25, 2021 by research

OUR VIEW Accumulate at 7,000 to 7,100 support levels. Despite the recent break of the market’s rally, we are still bullish as selling pressure was not as strong as with the past few days given the weak market participation. Net … Continue reading →

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On Balance: Weekly Notes for October 25, 2021

Posted on October 25, 2021 by research

OUR VIEW FOR THE WEEK Trade cautiously. While the local market had a good run last week, it was still unable to hold its position at the 7,300 level which is serving as its immediate resistance. This week, the market … Continue reading →

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On Balance: Daily Notes for October 22, 2021

Posted on October 21, 2021 by research

OUR VIEW Take some profits on the last trading day of the week as the market climbed by 3.43% already in the past six trading days. In Asia, investors are monitoring the developments on China Evergrande Group, bringing most indices … Continue reading →

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On Balance: Daily Notes for October 21, 2021

Posted on October 20, 2021 by research

OUR VIEW Book some gains after the five consecutive gains of the PSEi that may invite selling pressure in the market. Also, market participation is weakening since the net market value turnover for the past two days was lower than … Continue reading →

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On Balance: Daily Notes for October 20, 2021

Posted on October 19, 2021 by research

OUR VIEW Trade cautiously while investors are waiting for the strong fresh catalyst in the market. Currently, the main index is sustaining its ground above the 7,000—7,100 support level amid improving Covid-19 cases in the country and further reopening of … Continue reading →

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On Balance: Daily Notes for October 19, 2021

Posted on October 19, 2021 by research

OUR VIEW Accumulate on support. Since the market breached the resistance of 7,100 to 7,150, we recommend accumulating at this level. Investors will be monitoring the rising oil prices and its possible impact on the economy, particularly on the recovery. … Continue reading →

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On Balance: Weekly Notes for October 18, 2021

Posted on October 18, 2021 by research

OUR VIEW FOR THE WEEK This week, the local market could move sideways. The brightening economic prospects brought by the alert level downgrade in the National Capital Region is seen to keep the positive sentiment in the market. Adding to … Continue reading →

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