Archive for February, 2010
On Metro Pacific Investments (PSE: MPI) – Broker activity. Cross sales made by two biggest sellers of MPI today. A 3M shares cross done by JPMorgan and 2.5M shares by Deutsche. As of this posting MPI is unchange at 3.70. CLSA added 2M shares on its coffer.
Daily chart suggest APC is in overbought territory, but its weekly chart is promising more upside. Buy on weakness (RSI will be the key to enter). Caveat
MPI – the buy signal registered last feb 17 was a fling, a one day lust affair (after the fact), no follow thru next day. as posted yest, it’s a dud. what’s diff from its prev dud is that the correction filled the gap earlier at 2.60 (as if it was the dud’s intention).with clsa heavy support, im giving mpi as a hold (if ur long).rsi current read is at 47.82
IP – the correction is again forming a divergence, suggesting the stock is bottoming. RSI reading at 51.45 (email@example.com), in my humble opinion rsi<52 but not <50 is considered “oversold” coming from a steep decline. 50MA @ 1.73
Parabolic curve in danger zone.
TUNA – Divergence materializing, corrected to 1.88
IP – making base at the gap filled last friday. low friday was 1.90, reversal point is 2.28 (20%).
ANI – support at 16-16.50 held. making a comeback. rcbc sec heavily buying. something’s cooking here. gap at 18.50
PIP – 25m shares crossed at 2.24 channeled through CLSA.
AT – up .25 @ 10.50, building a base at 10-10.50 level
MPI – no follow tru after a late buy signal @ 2.80, a dud so far. consolidating.
AC – nice comeback, being nsync with the index now.
PSEI – weekly chart suggest, handle materializing formation of the cup & handle pattern. eakout level peg at 3130.