Thursday, February 25, 2010
Market Action
Technical & On Broker’s Notes
AgriNurture (PSE:ANI) – gap filled at 18.50, and have formed a neutral stand on its on consolidating pattern. With base low at 15.75, ANI needs to tackle 19 (15.75 x 1.20 = 18.90) for reversal.
Metro Pacific Investments (PSE:MPI) - heavy support again by CLSA. Big seller JP Morgan is still dumping together with Deutsche.Any cross sales done by these two sellers is favorable to MPI.
IPVG (PSE:IP) – earlier at 1.82, IP registered an RSI readings of 50.60 (considered oversold if RSI is at 50-52but not <>
Century Peak Metals (PSE:CPM) – Nice base building.
Labels: century peak metals, cpm. pse cpm, mining company, philippine stock market
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