PINOY INVESTOR SERIES - July 18, 2018 Update

Hi Folks,

I've been busy these past few months so in exchange i will be sharing some of the stock market updates here moving forward.

https://bankopinoy.com/philippine-economy-to-grow-faster-in-2017-on-solid-exports-world-bank/

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PINOY INVESTOR NEWSLETTER: TODAY IS 07-18-2018

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PSE Market Outlook by Regina Capital Development Corp.

The Philippine Stock Exchange index (PSEi) might have gained 12.24 points to close towards 7,381.68 in yesterday’s trade, but problems are beginning to dampen this short-term rally. Despite the PSEi breaching its month-long resistance of 7,354 at the beginning of this week -- in what promises to be a possible recovery -- ended up encountering a temporary upper limit at the 7,416 level.

The PSEi is now struggling to outrally this resistance but has yet to succeed. Pullbacks are to be expected for the remainder of the week, as the index tries to regain momentum and/or establish a support near-term.

Indicators add to claim of temporary weakness: MACD still on buy sign, yet RSI is now dropping to buy territories from previously being oversold. DMI with a flat buying pressure with low momentum.

The PSEi's short-term resistance level is expected at 7,416 while support level is at 7,354.

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4. Stock Picks: For the week July 16-20, 2018 by First Metro Securities
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