Merkado PH's 2021 Stock Picks
Happy New Year Ka-Merks!
Here are the stocks which I think will be heavily traded for the 1st quarter of 2021:
ACEN
APL
DITO
FNI
MM
Acen's price to be pushed up by SRO ex-date on Friday, Jan 8. My bet is to find a reasonable average price within the week (below 8 is good), sell when happy until the offering date then keep the shares you bought at 2.37.
APL is propelled by the news of DBP's loan. I'll wait for .1030 before doing a test buy.
DITO's catalyst will be the technical audit. Test buy sa 10. If it succeeds, direcho sa 15. Opposite, to hell!
FNI is already expensive at 2.71. Wait for a pullback below 2.5
MM will consolidate. Test buy below 6 pesos.
Stocks with healthy charts:
ALI - buy below 40. If it breaks 41 with volume, might rise to 50
URC - buy below 150. Might re-visit 180.
NIKL - buy below 5.25
Bodega mode stocks:
ALCO - buy below .62
ALLHC - buy below 3.3
CHIB - will be driven by DITO. watch out for 24.
GMA7 - dividend stock (April)
MAXS - buy below 6.5
MBT - buy below 48
RCI - buy below 1.25
TBGI - below .33 (only buy using your extra money, which you will not use for at least 10 months)
TECH - once the buyback ends; 6.5 or below
UBP - buy below 70
WEB - buy below 2.8
Always trade with caution and read the daily news. If the Covid19 + variants will be solved by the offered vaccines, we will see a bull run. If not, prepare your cash and buy at the dips. Good luck!
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