My coverage of Ayala Land Incorporated will begin with a support price of 23/share and a target price of 33/share. This means that I will be closely watching the price movements of this stock as well as any news that could drive the price of this stock up or down.
As of 6/8/2023, these are the stocks that I am covering: SMPH - SM Prime Holdings, and ALI - Ayala...
Buy - I initiated a bid to buy 100 units of SMPH shares today as we anticipate a potential Php 5.00 upside from its current 33.55 closing price. The stock appeared to have reached its support area at around Php 33/share and its currently consolidating in that area which supports this decision.
Update:
I apologize for the long break. I had a lot on my plate with working full time and moving from my rented apartment to my own home. It took up all my time and energy to generate and post my trading ideas. But now I'm back with a new trading idea.
Analysis:
I'm starting to cover SMPH because of the huge trading volume it had in the last few days. The...
I sold all my shares in this company today as it started to close in red in three consecutive trading days with average volume which to me signals a weakening upward momentum. While I still think that this stock could climb up to 180, it will likely pull back first before continuing upwards.
I sold all my URC stock as it tested and rejected its September 2021 resistance line at 146. This stock will likely revisit 128 level before climbing back up to to re-test 146
Bitcoin ended less than a percent lower during yesterday's trading as some investors took a profit. Given the volume traded yesterday, I have a reason to believe that this asset will likely revisit 19600-19200 territory before attempting to break 21200.
I will be taking my money off this asset in the mean time.
Bitcoin broke its support-turned-resistance on last night's trading. Given the volume traded last night, I have reason to believe that it is now headed to test its November 5 high which is 21500
The stock jumped to almost 7% today as it broke its October 2022 Resistance Area at 139/share.
At the same time, the stock is also testing another resistance area at 148/share. If this price area is rejected, we will find out if the 139 lines will become the new support area for this stock.
Bitcoin price surged yesterday as it closed with higher-than-average volume. The surge in price has continued until today as it tries to escape the trend channel as well as its current resistance price at 18300. This escape will likely be successful provided that it gets the same volume of trades as yesterday.
I just entered Bitcoin as it appeared to break its psychological resistance at 16,900.00 (they thought it will never hit 17,000 LOL) I will be maintaining my cut-loss at 15,600. I know that's too far down so I may update that depending on how this asset moves in the next couple of days/weeks.
Alibaba Rose 13% yesterday amid news of Chinese regulators' approval to raise $1.5 B in its consumer finance unit. Of course, this is positive news for this stock.
The rally will likely continue until the stock breaks its resistance level of $105/share in the next couple of months before it tries to fill the gap caused by yesterday's rally.
Ps. This is not an...
Target Corporation is testing its support line at $142/share and will likely bounce up to 166-180.
After cutting losses from my previous investment with this company, I decided to place an buy order. with the said target. I will cut my losses if the stock closes in a red candle below my support line.
I placed an order for URC at 137.40 today as it continues its uptrend and will likely break its short-term resistance level at 138.80.
I placed my cut loss just below the ALMA line. I may also leave the stock if it rejected the the said resistance price I mentioned above.
Technical Side
The stock tested and confirmed its 6-month support price at 142/share, which could give us a potential upside to its new high which is 154.
Stock may have shown a loss of momentum after it started an upward trend in October this year.
ALMA11
ALMA line is being tested and any confirmation at this line will likely drive the stock to re-test our 30-day-high price at 94/share. If it gets rejected, we may find this stock trading at 61-62 in the next few weeks. I will exit this stock in case of...
