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PH Stock Market

Charting: $PSEi, $GERI, $NIKL, $PNX

Index closed up by 130pts or 1.5%. Curiously, there was significant movement on close from index heavyweights ($SM, $AC, $ALI). Good bounce from the 9SMA, and today's action seem to negate the long bearish candle last Friday, continuing the bounce since Oct27. 8600 resistance coming up. [...]

November 6, 2017 // 0 Comments

Technical Analysis: Global Ferronickel Holdings (FNI)

PSE: FNI is now at 2.77 which is the 23.6% retracement from Nov2016 highs and 2.33 lows / support. Can the stock break the resistance this time with a slower pace (almost 1 month) compared to previous attempts which were faster and steeper? Or will it be another failed attempt? Other indicators such as stochastics, MACD and RSI are still supportive of a further run. [...]

July 18, 2017 // 3 Comments