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PSE
Index
fx
MARKET STATUS REPORT
Trend:
The market is BEARISH for the moment. The bears are dominating the market. On the other hand, we cannot say that the bulls are very happy but they do not want to change their positions yet. In fact, there is not much appetite for confirming bearish patterns.
Money Flow:
Currently, the bears are stronger and more money is flowing out of the market. You also have to know that the money invested in the shares is getting more and more impatient for an exit!
OVERBOUGHT/OVERSOLD STOCKS
CBC.PS
MEG.PS
AUB.PS
AXLM.PS
ECVC.PS
NRCP.PS
ABS.PS
CBC.PS
China Banking (PSE) [Overbought]
CBC.PS
(PSE) [Overbought]
The chart above shows how
CBC.PS
displayed a rally after the
BUY
signal which was issued on 18/11/2024. Since then, the gain in this stock stretched to a whopping 7%. We see, however, enough hints pointing to the fact that the conditions are now ripening for at least a market correction. Our system confirmed this emerging bearish mood by issuing a
SELL
signal. The signal has just been issued, so it is not late to run to safety by selling this stock. It is still early to say if this is a decisive market top or merely a correction but it is evidently the right time to take the profits in order to prevent any disappointment in the future.
Watch Recommended Stocks
Bought on
22/11/2024
AXLM.PS
Axelum Resources
Last Signal
BUY
Buy Level
1.9450
Bought at
1.9550
Close
2.0000
Gain%
2.30
Sold on
22/11/2024
CBC.PS
China Banking
Last Signal
SELL
Sell Level
60.00
Sold at
59.85
Close
59.55
Gain%
-0.50
Bought on
22/11/2024
ECVC.PS
East Coast Vulcan Mining Corporation
Last Signal
BUY
Buy Level
0.3800
Bought at
0.3840
Close
0.3850
Gain%
0.26
Sold on
22/11/2024
MEG.PS
Megaworld Corp
Last Signal
SHORT
Sell Level
2.1900
Sold at
2.1800
Close
2.1300
Gain%
-2.29
Bought on
21/11/2024
AC.PS
Ayala
Last Signal
STAY LONG
Sell Level
642.00
Bought at
659.50
Close
642.00
Loss%
-2.65
Sold on
21/11/2024
ALTER.PS
Alternergy Holdings Corporation
Last Signal
STAY IN CASH
Buy Level
0.9100
Sold at
0.9000
Close
0.9000
Bought on
21/11/2024
ASLAG.PS
RASLAG
Last Signal
STAY LONG
Sell Level
1.0150
Bought at
1.0150
Close
1.0300
Gain%
1.48
Bought on
20/11/2024
ACEN.PS
ACEN Corporation
Last Signal
STAY LONG
Sell Level
4.3800
Bought at
4.3550
Close
4.4000
Gain%
1.03
Sold on
20/11/2024
FB.PS
San Miguel Food And Beverage Class B
Last Signal
STAY IN CASH
Sold at
54.37
Close
53.00
Gain%
-2.52
Bought on
19/11/2024
EMI.PS
Emperador
Last Signal
STAY LONG
Sell Level
18.14
Bought at
18.20
Close
18.10
Loss%
-0.55
Bought on
19/11/2024
GREEN.PS
Greenergy Holdings
Last Signal
STAY LONG
Sell Level
0.1910
Bought at
0.1920
Close
0.2050
Gain%
6.77
Bought on
18/11/2024
APX.PS
Apex Mining Class A
Last Signal
STAY LONG
Sell Level
3.6250
Bought at
3.5600
Close
3.6300
Gain%
1.97
Bought on
18/11/2024
URC.PS
Universal Robina
Last Signal
STAY LONG
Bought at
84.21
Close
83.00
Loss%
-1.44
Bought on
15/11/2024
SSI.PS
SSI Group
Last Signal
STAY LONG
Sell Level
2.9300
Bought at
2.8300
Close
2.9600
Gain%
4.59
Bought on
14/11/2024
VLL.PS
Vista Land and Lifescapes
Last Signal
STAY LONG
Bought at
1.6200
Close
1.6200
Bought on
12/11/2024
DNL.PS
D&L Industries
Last Signal
SHORT
Sell Level
6.1000
Bought at
6.1400
Close
6.0900
Loss%
-0.81
Sold on
11/11/2024
PHR.PS
PH Resorts group Holdings
Last Signal
STAY SHORT
Buy Level
0.4950
Sold at
0.4950
Close
0.4850
Gain%
-2.02
Sold on
08/11/2024
TUGS.PS
Harbor Star Shipping Services
Last Signal
STAY IN CASH
Buy Level
0.6850
Sold at
0.7600
Close
0.6700
Gain%
-11.84
Sold on
07/11/2024
DITO.PS
DITO CME Holdings Corp
Last Signal
STAY IN CASH
Buy Level
1.4300
Sold at
2.1150
Close
1.4100
Gain%
-33.33
Sold on
04/11/2024
COL.PS
COL Financial Group
Last Signal
STAY IN CASH
Buy Level
1.7400
Sold at
1.9550
Close
1.7000
Gain%
-13.04
Sold on
31/10/2024
NRCP.PS
National Reinsurance Corp
Last Signal
STAY SHORT
Buy Level
0.5950
Sold at
0.8500
Close
0.5900
Gain%
-30.59
Sold on
25/10/2024
PX.PS
Philex Mining Class A
Last Signal
STAY IN CASH
Buy Level
3.0400
Sold at
3.3600
Close
2.7800
Gain%
-17.26
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Displayed information is based on widely-accepted methods of technical analysis based on candlestick patterns. All information is from sources deemed to be reliable, but there is no guarantee to the accuracy. Long-term investment success relies on recognizing probabilities in price action for possible future outcomes, rather than absolute certainty – risk management is critical for success. Error and uncertainty are part of any form of market analysis. Past performance is no guarantee of future performance. Investment/ trading carries significant risk of loss and you should consult your financial professional before investing or trading. Your financial adviser can give you specific financial advice that is appropriate to your needs, risk-tolerance, and financial position. Any trades or hedges you make are taken at your own risk for your own account.
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