Monday, October 26, 2015
Sunday, October 25, 2015
Sunday, October 18, 2015
I have been monitoring MBT and its weakness compared to BDO and BPI and worrying why it is not making new highs despite BDO and BPI making way to make new all time highs. And been stuck in the 74-100 range.
I managed to find time and knowledge how to re-adjust data using the Stock right offerings(SRO) that happened 2013 and 2014.
I tried to balance formulas how Bloomberg data managed to readjust data based from SRO.
P/E is 12x and relatively around the average fairly priced banks.
The process of issuing SRO can be mind buggling as a technical and fundamental trader, but I realized, things should balance out and adjust as necessary.
Looking into when it hit 100, It should have been a sell, since the spike from 68 to 103 last 2013 was a parabolic curve that near 100 was somewhat overpriced.
MBT is now in sideways pattern, and 6years bull market support has been re-adjusted for technical purposes.
Short term trades: resistance at 87-88, and if it breaks out, we may revisit 90-94
*seeing a head and shoulder pattern as well. But not to worry as of now. Will only be confirmed when it gets below 75. very very small chance to happen.
Friday, October 9, 2015
SPX (S&P500) Elliot Wave Count 10-9-2015
a break above 2040-2050 will confirm this count
Scenario 2 (50%) - slightly Bearish count, looking for a new downtrend low before the continuation of P5
if SPX encounters strong resistance near 2040-2050 and corrects, this could be the count
Tuesday, October 6, 2015
Monday, October 5, 2015
Friday, October 2, 2015
PSE stocks below 30 RSI. AGI, ICT, LPZ, PNB, RCB, TEL 10-2-2015
Please take a quick look, and appreciate 5-10year charts of these PSE
stocks, most of them are technically in bear market territory. And are included in the Top30 PSE Index.
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