It was surprising that the index did not fill the gap created after the Investment Grade Rating upgrade by S&P. The culprit for index' resilience may be due to the strong Q1 earnings of most listed companies. Will we wait for August for the Gap to be filled?
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WEB
After news that the freeze order on Ongpin's bank accounts were lifted, the Mokong bought WEB anticipating that jockeys would use this issue to pump the price. It has already been two consecutive trading days of gains. How far would they jack WEB?
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HI
While there was a slight rally on EEI last week, HI did the opposite. It seems that someone using BPItrade was unloading HI forcing the stock to close at Php7.6xx/share. The Mokong took this opportunity to increase his position. The stock is at both horizontal and uptrend support.
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RCB
After creating the Cup and Handle pattern, RCB is nicely moving within an uptrend channel. The Mokong bought back some RCB shares.
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LPZ
LPZ moved sideways this week threatening to break support. #anxiousmoments
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