Merkado PH

Here's Merkado PH's take on Converge IPO, with key takeaways from Investagrams and AP Securities Report. 

There are 39 Beatles songs in this picture, try to identify as many as you can. Google the rest of the answers when you are tired. Happy Friday and stay safe! Thanks to my friends who shared this post! 

Here's our app of the week: 

For our Wednesday Blues, here's an update of the PSE Index stocks. Only 5 stocks have green YTD: EMP, FGEN, MPI, PGOLD, TEL. The rest are still negative, with GTCAP the highest at -52.21%. Semirara has been replaced by Emperador last August. 

Here's a compiled news on different companies which may affect their stock prices this week: 

For our Money Monday edition, we look at these stocks to make movements in the next two weeks. Again, follow your trade plan and stick to it. Stay home and trade! PSEi - consolidating in the 5900 area. Support is 5700. Resistances at 6000, 6100, 6400. Last quarter may end up better, with Covid vaccine trials now in last stages of clinical trials.  

SSI  Buying area near 1.00 peso.  Target Price - 2 pesos Resistance - 1.38; if it breaks 1.40 with volume, it will cruise to 1.50  Still -54% down from the beginning of the year. 52 week high was 2.93 ACEN All time high at 3.16. Expect profit taking this Friday. Will retrace most likely to 3 pesos and then consolidate to form a new base. Avoid if it goes below 2.89.  Buying areas have been recommended at 2 pesos since the pandemic. New base is likely to hold 3 pesos.  ALCO Consolidation phase. Keep buying close to .50-.52. Avoid/stop buying if it goes below .40.  TP is 1, resistances at .60, .66 TUGS Been recommending buy at .80 and below. Now the price has surged to 1.11. If it breaks 1.15 with volume its going to form a new base there. For now, the base price seems to be holding at 1. Avoid buying if it goes below .90 TP is to hit the 52 wk high at 1.83 but longer term 2.5. It reached 5 few years ago.