9 September 2011 – PSEi Analysis

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

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.

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