Trader’s Logbook Philippines Stock Market Stocks Worth Watching October 7 – October 11, 2013

Philippines-Stock-Market- Stocks

This week we are going to look into AGI which could go up until the resistance level BUT be careful since we have a news about Resorts World operator halves IPO price which might affect the price of AGI. PGOLD on the other hand is breaking the resistance level, talking about the upward channel. For those holding PGOLD, they may hold it for a while until newly found support or a bearish candlestick will appear. Fo those just about to get in, think twice. Third stock to monitor is PIP which is showing indecisive mood on weekly chart after falling big. A test buy near support (refer to weekly chart) would be good. SECB on the other hand is still trying to move past the 140 – 144 resistance zone. I think the bulls will have to rest as it is already exhausted after few days of going up. Lastly, ALI which is slowly coming back from the drop.

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