Au-Ghost Month for PSEi?

Posted Leave a commentPosted in Stock Market 101, Stocks

Every year, market participants see August as ghost month, and this year, according to Chinese Lunar calendars, it will be from Aug 3 to 31. During this period, believers do not make any major investments, transactions or agreements as the period is well, inauspicious.

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Technical Analysis: Metro Pacific (MPI) and Petron Corp (PCOR)

Posted Leave a commentPosted in Charting, Stock Market 101, Stocks, Technical Analysis

PSE:MPI remains one of our all time favorites (PD: Very long on MPI, since 2014). Anyway, the last few days, the stock seems to be losing its momentum and may retest its resistance-turned support (5.50) soon. Series of indecisive candles plus waning volume. Stochastics also pointing down.