With increasing momentum, the PSE Index have further its advances with a record high at 8406 in the morning session. Yet again, being a Friday, have declined back to where it came from and closed at 8310.88 up by a 100 pts for the week and a YTD gain at 21.49% so far. But what has been widely expected from us is these two companies described below.
As of Oct 06, 2017
AYALA CORP - #AC Marks above PHP1000 / share as of the morning session dated 10/06/2017. The Market & Price Call dated 9.29.17 have just been VALIDATED. #SM still trailing although, it did register a new high at 925.00 for the day. Eventually it will get there.
Price Action Creates a V&P Divergence
As of Closing week ending Oct 06, 2017
On the contrary, this price move have created what is known as the Volume & Price Relationship where a ''Divergence' reflects a probable market pause coupled with session correction on both stock prices. Watch how prices reacts on the succeeding trading weeks.
Question is: Which of these two stocks would blink first?
And as for the US market, let's see what the results would be for the JOB#s, figures and data that comes along with it.
PSEI New Record High as of 10/10/17 at 8409.
ReplyDeletePrice Update:
Ayala as of 101017
http://pse.tools/images/xU3z62YZ-20171010.png
SM as of 101017
http://pse.tools/images/SnLU9z1b-20171010.png
Update: As of 24th Oct 2017 - Ayala shares are now below 1000 as of today's closing. With the PSEI continuing its decline back at 8279, led by Holding firms, Financials and Property sectors respectively.
ReplyDeleteThe technical Divergence on Ayala shares have proven to be a true signal after being supported by the sale of its shares to foreign institutional investor that prompted the stock price to drop below 1000 as of Oct 24, 2017.
ReplyDelete