The Savvy Investors Club

BOB - Buy on Breakout. $APVI

Maganda pa reward over risk niya at 30 ang resistance.

Using Fib Retracement and RSI now crossing 70 line. Volume is also increasing. If you have buying power, puwede pa pumasok.

Pero if delikado na, check $DNL low risk and i consider within the B sector.

For weekly monitoring: March 2 to 5, 2021

STOCK CODE: $PX

Buy at P5.00 to P5.15 and Take Profit at P5.60 to P5.80.

Source: Philstocks

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Trade at your own risk pa rin.

Made my position for two stocks. One is gaining and the other one is at a loss. However, cut loss point is not yet hit. I will be posting the result once I sold these two stocks. For now, I'll be holding it for two days.

$BKR
$PRIM
$GREEN
$IRC
$BRN
are on my watchlist for tomorrow.

**PHILIPPINES**
The PSEi may trade sideways with a downward bias today amid expectations for inflation to have hit a 26-month high in Feb, with the median Street forecast at 4.7% and the BSP forecast range at 4.3-5.1% – well ahead of the 2-4% target range for the year. Helping to cushion sentiment would be news that the first batch of vaccines from CN’s Sinovac Biotech have arrived Sunday, fueling hopes that the country’s inoculation program will start soon. Immediate support for the index is found at the 6,600-level, with the next resistance at 7,000-7,100.
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XD:
MBT ex-date 03/02; Reg PHP 1.00 / Sp PHP 3.00
ALI ex-date 03/05; Reg PHP 0.1358
CIC ex-date 03/09; Reg PHP 1.00
PX ex-date 03/09; Reg PHP 0.059
AREIT ex-date 03/10; Reg PHP 0.39
BDO ex-date 03/10; Reg PHP 0.30
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PH ECO RELEASE:
Mar 1 - Feb Markit PH PMI Mfg: 52.5 Actual (52.5 Prior)
Mar 1-5 - Jan Bank Lending Net of RRPs YoY (-0.7% Prior)
Mar 5 - Feb CPI YoY (4.7% Surv; 4.2% Prior)
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PH NEWS ITEMS:
*RRHI: Book FY20 net income of P2.9 Bn, down 25.2% from P3.9 Bn in 2019, due to difficult business environment brought about by the pandemic. RRHI earmarked P3-5 Bn in capex this year as it plans to open 80 to 120 new stores and grow its e-commerce business.
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*MER: Has issued notices of award to two SMC units Excellent Energy Resources Inc. and Masinloc Power Partners Co. for the 20-year supply of 1,800 MW of capacity.
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*MEG: Unit Township Transport Terminal Inc. has entered into an agreement with Parañaque Integrated Terminal Exchange (PITX) to expand the operations of its Southwood City Transport Hub.
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*TEL: Unit Smart Communications Inc has expanded its 5G network coverage in the country by firing up new sites in Benguet, Misamis Oriental and Zamboanga Sibugay.
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*Banking: The aggregate loans of PH banks contracted by 3.96% y/y to P9.582 Tn in 4Q20, more than the 0.74% decline in the preceding quarter amid the coronavirus pandemic, accdg to BusinessWorld’s quarterly banking report.
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FMS

Asian market is going down.

We will see tomorrow if these markets are still on red. If it is, better not to buy any position. Delikado.

Only one fit my criteria for watchlist: ₱DMC. Others are going down. If ₱DMC will closed positive tomorrow, I may possibly buy.

My cut loss levels were hit for $VUL and $DITO with a 7% loss to DITO and 11% to VUL.

Lesson learned: Do not forget to set conditional order for cut loss level in every trade.

The impact was cushioned by a gain in $PRIM for 15% yesterday.

My overall portfolio gain of 60% since January 15, 2021 is now down to 40%.

Overall market is going down.