21 August 2011 – PSEi Analysis

Uptrend – LCB, PX
Downtrend – ABS, AC, AEV, AGI, AP, CHIB, DMC, EDC, FGEN, FLI, FPH, ICT, JFC, JGS, MEG, MER, MPI, MWC, RLC, URC
Sideways – ALI, BDO, BPI, GLO, MBT, SM, SMPH

The list above is based on identifying the short to medium term trend (past 1-3 months). Uptrends occur when prices go up, indicated by higher highs and higher lows. Lower highs and lower lows indicate prices are going down, or Downtrends. Sideways trends are a gray area.

There are different kinds of Sideways markets. They can be flat, with prices unchanging. They can trade within a range, or they can be directionless, with quite unpredictable behavior. I make no distinction in my analysis above.

As a trend-following trader, I like to Buy/Hold stocks in an Uptrend, Sell/Avoid stocks in a Sideways market or Downtrend.

Advertisements
This entry was posted in Philippine Stock Market and tagged , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s