Im pretty sure you’ve seen a lot of post lately about FNI holders getting their heart pumping. Are they just hyping? Sa nakikita ko, inconclusive pa ang charts. Yes it bounced up from its support line of PHP1.800 but is it really going up?
Kung mapapansin natin, ito palang ang pangalawang low point which confirmed our support line.
Catalyst:
Manila Bulletin reported that FNI acquired a nickel processing polant in China. How are the buyers sentiment on this news?
Indicators:
- MACD: Inconclusive. Currently downtrend with no clear indication to go up. Gap between the MACD line and signal line is increasing.
- RSI: Inconclusive. Slightly oversold. Currently at 26.76 of the RSI graph.
- Moving Average: Inconclusive. Still below the moving average indicating a downtrend
My take:
I’ll obeserve FNI’s movement tomorrow. kung mas mataas sa PHP1.92 at pataas pa ang price nito, I might buy a good amount of share and see.
*Ito po ay aking opinyon lamang at hindi rekomendasyon. Pagaralang mabuti ang stock na gustong pasukin at wag maniwala sa sabisabi.