Stock in Focus: PhilWeb Corp. (WEB)

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Did I mention 4.00-6.00? Yes, unfortunately. And I hope aggressive investors took heed of my advice, posted back in January, to avoid this stock.

Philippine Stock Exchange, PhilWeb Corporation_WEB Daily chart, April 25, 2014

WEB Daily chart, April 25, 2014

PhilWeb Corporation (stock symbol: WEB) is now looking to establish its support hold around the 5.00 psychological level, after reaching 4.90 on April 2, the lowest price in around 4.5 years. The problem for PhilWeb is… the end doesn’t seem to be in sight, yet. Active bullish participation is still lacking.

On the bright side, the TRIX Index has crossed up recently despite the lack of positive movement in price.

TP’s Advice: Continue to avoid this stock. Stay liquid or find other stocks to buy.

Do you have WEB in your portfolio? Share your thoughts below!

 

4 Comments

  1. WEB’s stock price is currently @ P5.05, an upward movement from previous price of P5.03. Is WEB still a bad buy at the moment? Hoping for your help TP. Thanks!

  2. WEB’s stock price is currently trading @ P5.05, an upward movement from previous price of P5.03. Is it still a bad buy? Thanks TP!

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