The stocks of Manila Electric Company (MER) or Meralco as most people know it because of its [Read more...]
Meralco (MER) Lifted The PSEi Towards The Positive Territory!
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)
Network Upgrade And Higher Electric Rates To Lift MERALCO
Early last week, Meralco or Manila Electric Company (MER), which is the Philippines’ largest distributor of electricity, announced that it is considering to spend a total of PHP 45 billion from 2011 to 2015 to upgrade its electricity distribution network. About 85% of this projected capital expenditure will be used for the development of its delivery system and for the acquisition [Read more...]
PHILIPPINE STOCKS: MER (MANILA ELECTRIC COMPANY) 10-30-2009
As a request from a finance dude who happens to be the author of this blog cianoyinthephilippinestockmarket.blogspot.com/, I have posted my technical insights on the stock charts of 3 blue chips, particularly Meralco (MER), PLDT and San Miguel Corporation. The one-year time frame of Meralco stock chart shows the uptrend is still intact (PLDT and San Miguel are on seperated posts, scroll down to view it) since the price hasn’t gone below the support line (purple dotted diagonal line) however there seems to be a descend in price from the previous trading days (indicated by the green dotted diagonal line). A break in the support line is possible or a bounce back up. The stock price moving sideways should also be considered. Looking at the MACD on the other hand, there is a weakness shown as a crossover is made between the red and blue line (indicated by the red circle). Personally, I won’t touch this stock as of the moment or if I do my cut loss will be set below the support line. Click image to enlarge!
