It’s a confirmed bearish market on 3 May 2018 with a market breadth of 0:2.56 (advances:declines). PSEi has been on a Net Foreign Selling status for 10 days straight. What’s driving the bearish sentiment? Fed’s rate hike. China-US trade war. Weak forex. So sell in May and go away or get a mentor and learn more?
A Brown Company, Inc. (BRN) belongs to the Property sector. BRN’s PE (ttm) of 10.60, versus the industry’s 36.84, makes this stock an undervalued company. There has been a breakout on the weekly volume of BRN for the past two weeks. Read our analysis to know if it’s better to sell now or at 1.34 or buy near 0.93.
Universal Robina Corporation (URC) discontinued its southward direction below the support at 131.00. However, URC is still inside the oversold territory based on Stochastic Daily and Weekly. What’s the best action to take when URC is bullish on fundamental analysis but bearish on technical analysis? Read our analysis.
Bank of the Philippine Islands (BPI) has been moving sideways between 102.00 and 108.00, its support and resistance levels, respectively. BPI has entered the confirmed bearish territory as far as the alignment of Simple Moving Averages is concerned. Is it safe to buy at 102 or wait until it hits 95? Read our analysis.
Now Corporation (NOW) did not let its share price cross below the mid-section of 8.48 and 5.79, its support and resistance levels, respectively. NOW recovered above its 10-day SMA as it closed at 8.02 today. Here’s our latest broker and technical analysis as of 26 April 2018.
Jollibee Foods Corporation (JFC) tested the support at 281.00 today, 25 April 2018, which happens to be in confluence with the 38.2 percent Fibonacci retracement. JFC hit an intraday low of 280.20 but managed to recover and close at 281.60. Here’s my latest analysis of JFC as of 25 April 2018.