• Near Term Catalyst For The PSEi

    Near Term Catalyst For The PSEi

    Much has been said already about how the government’s tax reform package will drive the local stock market higher even past its 8,100 peak. For the mean time, the index has been stuck within a tight range with a support at 7,123 and a resistance at 7,400 while the said tax reform is currently being

  • Semirara (SCC) To Hit Php163.00?

    Semirara (SCC) To Hit Php163.00?

    Semirara Mining and Power Corporation (SCC) has so far confirmed its break above its resistance of Php140.00. First we thought it was only due to some window dressing because its first close above the said figure happened during the last trading year of 2014. A couple of days have passed since then and the stock

  • Another Bounce Play On HOUSE?

    Another Bounce Play On HOUSE?

    Here’s another opportunity to play the range of 8990 Holdings, Inc. (HOUSE). As you can see from its chart, the stock has dipped back to the resistance of a rectangle at around Php7.50. A support here plus a presence of a bullish hammer candlestick in its dailies suggest a potential rebound in the near term.

  • Will The USDJPY Rally?

    Will The USDJPY Rally?

    August 5, 2013 (3:48 pm) – After breaking out from a rectangle or box pattern and reaching a high of around 99.80, a weaker-than-expected NFP report in the US caused the USDJPY pair sharply fall. At present, the pair again is exchanging around its previous trading range’s resistance. If the 98.40 level revises its role

  • Playing The USDCAD Range

    Playing The USDCAD Range

    The USD/CAD pair has been trading within a rectangle or a box with a support at 1.0360 and a resistance at 1.0440. As you can see from its 1-hour chart, the pair has fallen towards the range’s support. If this level holds then the USD may bounce back against the loonie and bring the pair