ALI - InitiationMy 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 Land Incorporated
SMPH Update as of 6/8/2023Buy - 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.
SMPH - SM Prime Holdings InitiationUpdate:
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 stock is trading at 34 right now. I'm setting my immediate support for this stock at 33 and its resistance at 38. My target price is 43.50
Philippine Market not looking good1D TF
- A Pattern form a Symmetrical Triangle
- A higher probability of breaking below and targeting the Demand Block at a 22.49%
- It is my first time TA this chart and not really familiar with PSE
- it just got me interested and wonder where the price will go and what will be the directions of the Philippine Market
- I haven't invested in Philippine Market but way back in 2015 I bought around 50k pesos of Mutual funds and after 5 years my investment had a loss of 2%
- Definitely, not a good in
Universal Robina Corporation (URC) 1/13/2022The 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.
Universal Robina Corporation (URC) 12/22/2022I 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.























