Trading Signal: BPI (July 1)

Lately, I am taking more seriously analyzing stocks based on Technical Analysis. I am focusing on stock that is in OVERSOLD zone base on my customized indicators. Please understand that the Trading Signal presented herein is for educational purposes only and should NEVER BE TAKEN as a RECOMMENDATION to BUY, HOLD, or SELL.

BPI got my attention yesterday as it entered in the oversold zone. Below is the weekly and daily chart of BPI as of July 1, 2015.

BPI reversal

General Observation:

  • BPI is in oversold zone both in weekly and daily chart (not shown in the chart above)
  • BPI price is currently touching the lower trend channel on weekly chart (green line)
  • MACD however still below the zero line both in weekly and daily chart (not shown in the chart above)
  • Stochastics %K started to trend above %D as shown in the lower portion of the chart above
  • Current price level is nearby the lower trend channel both in weekly and daily chart however candlestick reveals indecision.

so, what do you think, will BPI trend reverse soon?

PD: My off-hour order for BPI at 94.00 was hit today for my short-term trades. Good luck to me 🙂


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4 Comments on "Trading Signal: BPI (July 1)"

  1. Hi TDO,

    Tlga? Effort na effort pala yan! Everyday pa naman ung chart info. Is Amibroker the closest that we can find na may candlesticks for PSEi? Sorry mas newbie kasi ako sa Stocks kesa sa Forex. Naiimagine ko if manual input yan, san pwede kunin ung raw data ng Open CLose, highest and lowest fluctuations ng Prices?

    • Hi Mark, wow forex ka pala. di ko pa na try yang forex parang ambilis ata nyan hihi.

      actually, nagustuhan ko lang itong amibroker kasi pwede ako gumawa ng program para sa buy/sell signal ko. yung data makukuha sa PSE site (pdf file) pero iconvert mo lang to CSV file to upload sa amibroker. meron naming libreng chart sa broker o kaya sa chart nexus free din at automatic na yung update ng data.

  2. Hi,

    Thank you for the very informative topic, I for one believe BPI continous to be indecisive and no strong signal has yet to show whether it would go up or down. Your pic shows a very detailed graph, Can i ask what trading platform you are using?

    Regards,
    Mark C

    • The Dividend Observer | July 22, 2015 at 18:24 | Reply

      Hi Mark, chart po ng amibroker yan. hindi po cya automatic mag update, need to upload ng daily quotation kasi free version lang yan.

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