Stock in Focus: Puregold Price Club (PGOLD)

FacebookPinterestPrintEmailShare this!

Puregold Price Club’s (stock symbol: PGOLD) has taken a rest today after falling for three straight days through the 40 level.

Have you subscribed yet? Get the PSE Index Mid-Year Analysis (MYA) and articles straight to your inbox! Subscribe here now!
Philippine Stock Exchange, Puregold Price Club_PGOLD Daily chart, August 19, 2014

PGOLD Daily chart, August 19, 2014

A few months ago, Puregold printed a different picture when it was bound for 50. I’ve mentioned on May 13 that I want to see whether or not 46 will hold as support. Well, it took just 3 days for the market to answer my question! Price sliced through 46 easily on May 16. Not only that, it turned into resistance on July 7 and price never looked back. Somehow, holders of Puregold have become jittery after the 40 level broke.

The recent moves did a severe technical damage on PGOLD’s chart. Today’s price action may be a temporary pause or a start of a (short-term?) reversal. Bears would do more damage if they can break 30.

The Money Flow Index (MFI) has continued to sag and is now close to the zero level.

Those who hold PGOLD should monitor its price action very closely. Be careful.



  1. Puregold’s down big time. Gains wiped out! :(

    I’ll be joining your premium subscription. When is the launch?

    • Stocks have been volatile lately, so you should be careful. Remember not to overcommit your funds to any one stock, unless you know what you are doing and you are aware of the risks involved.

  2. I’m interested in your newsletters. Thanks.

  3. @kingkong peanuts,
    We’re still finalizing the details.

    The free newsletter is working well so our team have decided to proceed with the premium subscription as planned. We have scheduled the launch between August 25 and September 1. We’ll make sure to keep you updated. Thanks for waiting!

    @Michael Hilado,
    Both newsletters (free and premium)? You can subscribe here(free newsletter):

    If you have questions, you can find our email here:

Submit a Comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>


Forgot Password?

Join Us