I mentioned in my article “Leisure & Resorts World (LR): Sell at 8.28 or Catch It at 5.55?” that while the price was bullish, its Top 10 Players sentiment was not as bullish of LR’s price. LR was already overbought during that time. Should we buy LR now or wait near 5.55? Here’s what I know.
Global Ferronickel Holdings (FNI) has been in a downtrend channel since 2015. It seemed to have hit its bottom in January 2016 but it failed to sustain its ascent beyond 4.29 in 2016. FNI is on a Net Foreign Buying worth P61.6 million today. Is FNI bullish enough to break above 2.68? Here’s what I know.
Gains and losses are imminent in the stock market. With that, the Philippine Stock Exchange (PSE) has to ensure an organized, transparent, and fair marketplace. The PSE has six (6) safety measures. Read this article so you’ll be more comfortable to trade and invest in the Philippine stock market today. We can help you.
PLDT Incorporated published record revenues of 34.1 billion pesos computed from the enterprise sector of the company, resulted from the demand for cloud services and information technology services. It mentioned yesterday that its revenues from last year grew by 11%.
The first meeting of the US Federal Reserve under the leadership of Jerome Powell will possibly end on Wednesday along with a report that the Fed will continue with its modest hikes in interest rates. Way back 2017, policymakers of the Fed forecast three rate hikes for this year, just as in 2017.