DMCI Holdings, Inc. or DMC in the Philippine Stock Exchange appears to be holding on to its uptrend line. Barring any negative impact from abroad, it is likely for DMC to continue its move higher. [Read more...]
DMCI Holdings, Inc. (DMC) Holding On?
DMCI Holdings Inc (DMC) Misses The MSCI Inclusion!
DMCI Holdings Inc. or DMC in the Philippine Stock Exchange was badly beaten today as [Read more...]
DMCI Holdings (DMC) Hits All-Time High!
Last March 25, I presented my stock picks as a guest speaker for the Absolute Traders event “BULL pa ba or BEAR na ba???” and one [Read more...]
STOCK PICKS on “BULL pa ba or BEAR na ba???”
For those who weren’t able to make it to the Absolute Traders event “BULL pa ba or BEAR na ba???” last Friday, here are the stock picks I presented just to keep you posted.
Before anything else, LaidTrades want to congratulate Absolute Traders for organizing the event, the speakers who presented their outlook in the financial markets and everyone who joined. Cheers to the very helpful insights, great food and awesome people!
Anyway, let’s begin with my technical analysis on the 7 Philippine stocks I chose. Let’s do this alphabetically…
DMCI Holdings Inc. (DMC)
DMCI: Calm Before Another Bullish Storm?
Shareholders of the DMCI Holdings, Inc. or DMC in the Philippine Stock Exchange must have been partying all season long because of the unbelievable performance of the stock. Imagine, DMC only started trading at below PHP 10.00 in January 2010. And before you know it, DMC shares already reached a high of PHP 41.00 last November. Incredible! Anyway, after reaching the said high, DMC appears to have lost its upward momentum and has been trading flat ever since. Are shareholders just cashing their profits? Are we seeing a start of a downtrend? Or is DMC just gathering enough legs to propel itself to the sky once again? [Read more...]
DMCI: From Bearish to Bullish
A couple of days ago, the shares of DMCI or DMC in the Philippine Stock Exchange appeared to have broken down from a head and shoulders formation (please see my previous post here). More often than not, a break down from such pattern would place a lot of selling pressure on the stock. However, the breakdown gets invalidated when its price rose back above the formation’s neckline. I myself was caught in a “bear trap.” Now, DMC looks to have just broken out from a falling wedge pattern. Given this, I have to readjust my take on DMC from a bearish one to bullish. [Read more...]
Bearish Reversal Seen on DMC
DMCI Holdings, Inc. or DMC, which is one of the leading construction firms in the Philippines, has been one of the best stock performers since the start of 2009 (kindly click this to see my colleague’s analysis). During the [Read more...]
DMC Stocks Up 1,950% In 2 Years!
Hi everyone, that’s right! The title states it clearly! Before, I mentioned the stocks of JG Summit Holdings gaining 1,600% in less than 2 years from 1.58 pesos to an all-time high of 27.00 pesos (kindly see this link) and that was remarkable but what’s awesome are the stocks of DMCI Holdings, Inc. For those who do not know, this company operates four subsidiaries each one engaging in a different business such as general construction services, mining, investments and power generation. They are involved in both private and government projects. Anyway, DMC (its stock symbol in the Philippine Stock Exchange) was valued at 1.86 pesos back in October 28, 2008 and since then, it had gained 1,951% when it reached an all-time high of 36.30 pesos during the last trading session. However, it closed at 35.95 pesos which makes it a 1,932% increase to be exact. I remember posting about DMC when it was duck diving during the 2008 financial crisis (kindly check this link) but as we can see now, it had made a huge turnaround.
The stocks of DMCI Holdings, Inc. started its bull run on November of 2008 when some analysts said the bear market was about to reverse. From then on, the DMC stocks just kept on continuing to climb until now. However, in my technical analysis, the last daily candle formed on its stock chart could be bearish as it gapped up during the opening of the trading session and closed weak. In case the stocks drop, a significant support could be the 2-month uptrend. If that trend breaks and the stocks further decline, the next support could be 32.70 pesos. If the 32.70 peso marker still doesn’t hold on, the next support could be the 9-month uptrend. Personally, I think a minor correction would be healthy for the stocks before the ascend continues. However, if the bulls are too strong, the stocks will just keep on rising but could encounter some selling pressure at the 36.30 peso all-time high. If that price mark gets cleared out, the next level to be looked at is the 40 peso psychological resistance. Above all, as long as the uptrend remains intact, I’d stay bullish on this.
PHILIPPINE STOCKS: DMC (DMCI HOLDINGS, INC.) 10-3-2008
From the last post about DMC, it had failed to bounce back from its previous support (violet diagonal line). Until when is its price going to stop falling? That we don’t know. As we can see, it’s possible that it can touch any of the incoming support lines (three violet horizontal lines) before it bounces and head up again. We also need to take into account that it can even go way pass the supports (three violet horizontal lines) and drop furthermore. Click image to enlarge!
PHILIPPINE STOCKS: DMC (DMCI HOLDINGS, INC.) 9-4-2008
The downtrend of DMC for the past months has possibly come to an end since it’s now starting to move sideways out of the resistance line (green line) in the picture. On the other hand, buying the stocks at its current price is also a good strategy because the 4 year support as indicated by the violet line has so far been respected. Once you get into this stock, it’s either you hold until it bounces up or cut when it goes below the support (violet line).
