Extremely Oversold Looking to BounceTEL has already lost P76bn in market cap, 22% down since the chart breakdown from 1,600, and 29% from its most recent high. RSI readings are extreme oversold. The sell-off emanates from news that it had overspent CAPEX by P42bn in the last 4 years since 2019. The company is undergoing a major management shake-up and had suspended its CFO among other officers. I believe the sell off ha overdone and the market cap loss is over and above the 42bn overspend in CAPEX. Traders may want to put in
GMAScenario 1 : Quick scalp to Upsde of 27% from current price to close the gap.
Scenario 2 : May not close the gap at all due to bad 2023 dividend.
I have been holding this stock since 2014.
I believe this may have reached a short-term peak. 2023 Dividends will probably miss public estimates. Once gap closes further drop will continue.
If posted dividend and financials are higher than what I expect this analysis is invalid.
CNPF possible ATH playSector/Industry: Food / Consumer Essential
Price nearing ATH (around 12%) and successfully supported @ weekly SMA100. Interesting that it recovered above its distribution structure (Sept 2021 - Feb 2022).
Switching wyckoff cycle bias to reaccumulation @ JAC transition.
Possible Tier 1 buy (50day-high BO) if it closes above 26.20.
Will tread lightly as the stock is illiquid.
$SCC Closed after index inclusion (Vid Snap on Sell Execution)
Trade Setup: Box Continuation post RTL Breakout
Cash at risk per Million of Equity = PHP 5k
Realized R-multiple 3+
Buy Bias:
Rumored to be included in PSEi this August + cont pattern setup
Sell Bias:
Possible sell on index inclusion.
Days after inclusion price closed below daily timeframe trailstop. As always, TA first before bias.
MONDE Double Bottom BreakoutPSE:MONDE
Broke RSI14 Resistance
Broke EMA50 Resistance
Broke Triple Bottom Neckline
Retested Neckline Support Resistance on Intraday (1h,30m, etc)
Buy on Break of Channel or EMA100.
Sell on 15.50.
**This is not an investment guide. Do your own research.**
*** As a student trader, your comments are valuable!***
BNCOMNEW LISTING PSE BNCOM-BANK OF COMMERCE PHP WITH INITIAL PUBLIC OFFERING OF 12 PESOS PER SHARE AT MINIMUM OF 1000 SHARES-
Bank of Commerce (Philippines) operates as a commercial bank. It engages in the provision of banking solutions and a complete products and services in deposit, commercial loans, credit card services, consumer banking, corporate banking, treasury, asset management, transaction banking and trust, and investments. The company was founded in 1963 and is headquartered in Mandaluyo























