Have you read my article entitled "NOW: Jump Up to 20 or Dive Down at 10 Next Week?" last February 18, 2018? Traders are in a wait-and-see mode. NOW's daily volume has stayed below the 30-day volume average for the past 5 trading days. Read the second part of my analysis for NOW Corporation as of February 28, 2018.
The major support of APC Group, Inc. (APC) was near 0.425 prior to the unusual price movement last Monday. Its immediate support is near 0.61, which is in confluence with the Fibonacci retracement's 61.8 percent. Breaking below 0.61 is a precursor to 0.53, which could lead to a sideways trend between 0.42 and 0.48.
MacroAsia Corporation (MAC) registered a new all-time high at 29.95. The foreign investors are bullish. The top 10 players are bullish. I've noticed a pattern in the volume of MAC and you'll surely want to know what it is. Will MAC hit 32.15 or re-test the immediate support at 27.90?
PXP Energy Corporation (PXP) registered its 5-year high at 19.42 yesterday, February 22, 2018, after staying inside the bearish channel on a short-term period. Will the gap in price last February 15 and 19 be filled down or it's on its way towards the psychological resistance near 23.70? Read my analysis.
Foreign investors have sold down SM Prime Holdings, Inc. (SMPH) for 19 consecutive trading days but its top 10 players remain bullish based on my 2-month, MTD, WTD, and EOD data. Will it break out above 37 or break down below 35? Read my comprehensive analysis for SMPH so you can make a data-driven decision today.
NOW Corporation registered its all-time high at 20-apiece last February 15, 2018 around 10am. The intraday sentiment was bullish in the first half of trading until the bulls exchanged table with the bears around 2:30pm. The exchange in position was made with a significant volume. Read my complete analysis of NOW.
Wilcon Depot, Inc., (WLCON) registered its new all-time high last February 9, 2018 at 10.80. The obvious question is whether its ascent is sustainable or not and up to what price. Can WLCON hit the 38.2% Fibonacci extension near 11.82 or retrace near the 9.66-9.40 range?
The Philippine Stock Exchange Index (PSEi) has retested the 61.80% Fibonacci retracement twice this week, which is near 8,440. The global markets are shedding blood while PSEi has registered 10 consecutive days of an outflow of foreign funds worth P11.6 billion. Here's my advice if you feel you are stuck in a rut.
I am going to start posting my analysis and insights about a randomly-picked stock everyday starting today. Please let me know in the comments section of this article if you think...
Rod asked, "Any insight on why the market turned red today (February 5, 2018)?" This question can get varying answers depending on who you'll ask. Some will give you an answer derived...