ABS-CBN (ABS) will still succumb to selling these coming days. It is not a good time to buy that stock. If you still own this stock, you should unload now.
Ayala Corporation (AC) has made a good base. The second one seems not a good one, since it is small. AC is now about to move up. I think it would be safe to wait for some time before one decides to buy. Feb 12 2007 was the best time to have sold the stock. Like I did. Last June 29, 2006, I bought it at 345.00, following MACD indicators. I sold it on February 12, 2007, again using the indicators of MACD. It was at 630.00. I earned 82.6% profit.
Aboitiz Equity Ventures (AEV) June 23, 2006. Bought it at 5.20 using MACD. Sold at 8.8, January 26, 2007. 69.2% profit. It developed a base again recently, but it's just a single base. Not a good time to buy again.
Ayala Land (ALI) will move up, but the base is not good enough to sustain it. I am considering the MACD indicators. I will not buy a stock unless it came from the negative region (MACD), developed a W-shaped pattern while at the negative region, and started going up in the divergence. I want to buy at the point when the stock first started treading the positive mark. Hence, ALI may be a short term buy.
Benpres (BPC) will start to move up again. It has not developed the W-shaped pattern, so it will not move that high. It will succumb to selling again, move down, develop a base again, and perhaps, if the indicators are right, it will be good to buy Benpres again. Bought BPC at 1.04 on 6/29/2006. Sold at 4.00 2/27/2007. About 300% profit.
Bank of the Philippines (BPI) is developing a second base. Wait to buy BPI.
Banco De Oro (BDO) is going up, but it has not gone to the negative region in the MACD. Not something I would buy. Perhaps good for short term traders.
No comments:
Post a Comment