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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

Technical Analysis: SFA Semicon Phils (SSP)

With momentum, PSE: SSP easily breached the 50% and 61.8% retracements. It closed last week at 2.95, slightly above the 78.6% retracement, which is also the area of resistance in early 2015. Volume has once again picked up similar to IPO levels. Will the momentum be sustained this week? [...]

July 16, 2017 // 1 Comment

Technical Analysis: Philex Mining (PX) and SSI Group Inc (SSI)

Also made a test buy on PSE: SSI, again for my new tsupit fund (TF). Under the same premise that SSI is now ready to climb. After the long bullish candle to start Feb, SSI did not gain much ground in the succeeding trading days. But it seems to be forming a flag waiting for a break on the narrowing channel. Waiting for newcomers? [...]

February 18, 2016 // 0 Comments

Technical Analysis: Philex Mining (PX)

The market had renewed interest on PX (and mining stocks in general) as investors flocked to safe havens in gold (that's fundamental analysis right there) due to concerns on major global economies (US, China, Europe). As to whether PX will indeed benefit to merit a 52% increase in share prices, who can tell? [...]

February 13, 2016 // 0 Comments