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JG Summit Holdings or JGS in the Philippine Stock Exchange for a while had moved past its previous high at PHP 27.50. However, sellers are quick to bring it back towards PHP 27.00. Nonetheless, things still look rosy for JGS at least from a technical perspective at this point in time.

Philex Mining Corporation (PX) was one of the main guys in today’s top gainers list with a significant amount of volume traded along with Lepanto Consolidated Mining Corporation (LC) and Manila Mining Corporation (MA).

JG Summit Holdings, Inc or JGS in the Philippine Stock Exchange could be on the verge of knocking out its all-time high at PHP27.50 just like Manny Pacquiao‘s attempt on Shane Mosley and I’ll tell you why shortly. The JGS stocks racked up some hefty gains today closing the trading session up by 6.1% to PHP27.15.

The stocks of Century Peak Metals Holdings Corporation or CPM in the Philippine Stock Exchange was today’s top 10 flyer closing the trading session up by 5.26% to PHP2.40 with 6.3 million volume traded. For those who do not know, this company is engaged in the mining industry as well as investing in real estate development and energy.

PNB To Revisit Its 8-Year High?

Posted by lytman02 on May 3rd, 2011

Philippine National Bank or PNB in the Philippine Stock Exchange made an awesome 60% run in just 2 months. One of the reason for the sudden rise was the speculation of another bank’s acquisition on PNB. From PHP42.05 last February, the price shot up to PHP68.60 2 months later. Then PNB corrected and started consolidating sideways.

The NZD/JPY Setup

Posted by lytman02 on May 1st, 2011

The New Zealand dollar increased its value by 20% against the Japanese Yen (NZD/JPY) from 55.00 to 66.00 in less than a month. Afterwards it started consolidating sideways as seen in the 4-hour chart above. In the process, there could be a bullish setup particularly a 1-month symmetrical triangle forming which could propel this forex pair to rise once more.

The Aussie To Rise Against The Yen?

Posted by lytman02 on May 1st, 2011

My next for pick for the day is the Australian dollar against the Japanese yen. This forex pair broke out from a 3-week double bottom formation the other day as seen in its 4-hour chart above but hasn’t continued its swing up. It actually went back down after finding some resistance at 89.59.

Silver Corrects

Posted by lytman02 on May 1st, 2011

From $17 a year ago, the price of spot silver rose to an all-time high of $49.78 yesterday way faster than gold’s ascend. One factor is the Middle East unrest and many people who find gold expensive are moving to silver instead.

The Kiwi’s Uptrend

Posted by lytman02 on April 30th, 2011

Since last March 17, the New Zealand dollar against the US dollar (NZD/USD) or the Kiwi pair has been trending up as seen at its 4-hour chart above.

I hope everyone had a blessed Holy Week and before we end it, let’s tackle the major indices in the US stock market to provide us a technical outlook on the days ahead.

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