Abacus Supertimer
WEEKLY TECHNICAL REPORT by Lawrence Gonzaga, CMT
MACD (79.49)
100
50
0
-50
-100
-150
January 23 - 27, 2017
PHISIX: 7,232
Strategy: SELL
Resistance (1): 7,402
Resistance (2): 7,571
Support (1): 7,123
Support (2): 7,041
PHISIX
8100
8000
7900
7800
7700
7600
7500
7400
7300
7200
7100
7000
6900
6800
6700
6600
6500
6400
50000
x100000
4 11 18 25 2 10 16 23 30 6 13 20 27 4 11 18 25 1 8 15 22 30 5 13 19 26 3 10 17 24 2
14 21 28 5 12 19 28 9 16 23
April
May
June
Jul y
August
September
October
November
December
2017
400
350
300
250
200
150
100
50
0
-50
-100
-150
-200
MACD (-116.8)
PHISIX
8000
7500
7000
6500
6000
5500
5000
4500
 The Phisix has shifted to a sideways trend
after it recovered 903 points from the low of
6,499. The rally appears to be stalling below the
200-day MA (7,446). The daily MACD is about
to cross down.
 It may be a good idea to sell now as there is a
major downtrend line at current level. The
Fibonacci retracement levels for a pullback are
at 7,057 (38.20%), 6,950 (50%) & 6,844
(61.80%). Supports are at the recent reaction
low of 7,123, at 7,041 to 7,049 gap & at 6,874.
A break below 7,123 may signal further
downside.
 The next resistance levels are at 7,402, 7,571
& 7,721. Long-term chart shows that the market
has been in a big sideways pattern since 2013.
The market is seen to remain sideways as its
traces out a pattern. The weekly MACD has
crossed up.
49999
x1000000
A M J J A S O N D 2013M A M J J A S O N D 2014 M A M J J A S O N D 2015
A M J J A S O N D 2016
A M J J A S O N D 2017
A
USD / PHIL. PESO
Price: P49.89
Outlook: Sideways
Resistance (1): P50.05
Resistance (2): P50.17
(PHP)
Support (1): P49.70
Support (2): P49.36
 The USD/PHP formed a head-&-shoulders
pattern but did not lead to substantial gains for the
peso. The USD rallied to touch P50 again. The
USD/PHP is above the 10-day MA & 50-day MA.
The overall trend is sideways. P50.05 is the line
in the sand – more Peso weakness if broken.
Abacus – Supertimer
January 23 - 27, 2017
MACD (1.719)
1.5
1.0
0.5
0.0
SHLPH
76.5
76.0
75.5
75.0
Pilipinas Shell
Share Price: P75.00
Strategy: BUY
Resistance (1): N.A.
Resistance (2): N.A.
Page 2 of 2
(SHLPH)
Support (1): P74.30
Support (2): P74.00
74.5
74.0
73.5
73.0
72.5
72.0
71.5
71.0
70.5
70.0
69.5
69.0
68.5
68.0
67.5
67.0
66.5
66.0
30000
20000
10000
x1000
3
7
2016
14
21
28
5
December
12
19
28
3
2017
9
16
23
30
February
MACD (0.2849)
0.40
0.35
0.30
0.25
0.20
0.15
0.10
0.05
-0.00
-0.05
-0.10
14.0
DNL
13.5
13.0
12.5
 SHLPH continues to trek higher after it broke
out above its previous high of P73.00. The
trend is up. SHLPH is climbing along its 10day MA. Supports are at P74.30 & P74.00.
This breakout above P73.00 would signal a
potential move to P79.00. SHLPH is a
breakout buy.
D&L Industries
(DNL)
Share Price: P12.60
Strategy: BUY NEAR BREAKOUT POINT
Resistance (1): P12.66
Support (1): P12.06
Resistance (2): P12.76
Support (2): P11.88
12.0
11.5
11.0
10.5
10.0
9.5
9.0
8.5
20000
10000
x1000
2 10 16 23 30 6 13 20 27 4 11 18 25 1 8 15 22 30 5 13 19 26 3 10 17 24 2
14 21 28 5 12 19 28 9
May
June
Jul y
August
September
October
November
December
2017
16 23
 DNL broke out to a new all-time high. The
previous high was at P12.26. The stock is
currently consolidating near its 10-day MA.
Supports are at P12.12, P12.06 & P11.88. DNL
should generally stay above P12.06 if the
breakout has legs. DNL is above its 50 & 200day MA.
Globe Telecom
Share Price: P1,682.00
Strategy: SELL ON RALLY
Resistance (1): P1,730.00
Resistance (2): P1,875.00
(GLO)
Support (1): P1,636.00
Support (2): P1,576.00
 GLO has pulled back after it surged to a high
of P1,875.00. Supports are at P1,636.00 &
P1,576.00. The resistance levels are at
P1,730.00 & P1,875.00. There is another
resistance at P1,966.00. GLO is below the
200-day MA. GLO is now below its 10-day
MA.
All the information contained in this report is for information purposes only and is not a solicitation or offer to buy or sell any security. It is based on
information obtained from sources believed to be reliable and does not purport to be a complete description of the market, securities or developments
referred to in the material. Telephone No. : 667-8900
Fax No. : 634-5207 E-mail: [email protected]