Trade Notes

PH stock market scales past 6,800-mark

PCOMP Daily Chart courtesy of COLFinancial

6,800 levels will be cautiously watched as break on this zone means hello 7k. Daily chart shows an inverted hammer. Traders may start profit taking but still need to watch how MACD and RSI behaves. PCOMP is on a golden cross, weekly chart looks so good (not yet overbot) and is poised to reach 7k.
I do remember that during last May, market started to sell down. I for one had to unload some of my TEL as the purpose of cash divs was already attained. Plan was achieved and bonus of 2% from the recent price surge. I believe that the road to 7k must be lead by TEL and other blues. TEL @ 3000 and will definitely unload all that's left.

SMPH Daily Chart courtesy of COLFinancial

My hunch with SMPH to breakout proved to be correct. SMPH was one of my picks but I prioritized TEL divi play. At 16.50, ~14% gain if one has bought around 14ish level. Congrats to holders. Sy stocks should also be active if we are talking PSEi at 7k  

JGS high around 52, I am not sure of its valuations but this stock still looks its way toward 60.

B2 Gold Daily Chart courtesy of stockcharts.com

B2 Gold Weekly Chart courtesy of stockcharts.com

B2 Gold Daily and Weekly Chart tells us we have to wait. At current gold price roughly $1300/oz, B2 price must establish a higher low and positive MACD to determine bullishness. I would suggest an RSI of 60-70 would be a good indicator to SELL whether it is based on daily or weekly. The 52wk high of 3.69 remains a resistance,and with a good gold price kick to $1350-1400, and a good timing of quarterly report (should be a good one) this stock may be well on its way to $4.

News:

• Asian shares supported on Wall St. gains, Ukraine a risk
• As Subic project stalls, Meralco banks on tieups with EGCO, Global Power to secure supply
• PH economic managers retain 2014-2016 inflation targets
• As end to TRO looms, ERC says status quo stays until Meralco applies for adjusted rate hike

--> Spurs #1 seed, currently 1-0 vs Dallas for 1 vs 8th seed. 
-->Ageless Duncan enjoys Spurs' latest playoff run

-->Alaska continues hot run in quarters, pushes San Mig Coffee to the brink (3rd vs 6th Best of Three Series)

Cash Divi BDO, PX and TEL

Got dividends from PX, BDO and TEL. Worth the wait :)

TEL -  62pesos (regular) + 54pesos(special), expect another 60pesos on August
BDO - quarterly at 0.30/share
PX  -  0.05/share (operations resumed in Padcal, Benguet)

Another dividend paying stock on hand is MER, payable on 8th of May...