{"id":19361,"date":"2011-02-12T07:18:22","date_gmt":"2011-02-12T12:18:22","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=19361"},"modified":"2011-02-12T07:18:22","modified_gmt":"2011-02-12T12:18:22","slug":"aboitiz-equity-ventures-aev-to-be-added-to-msci-philippines","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/02\/12\/aboitiz-equity-ventures-aev-to-be-added-to-msci-philippines\/","title":{"rendered":"Aboitiz Equity Ventures (AEV) To Be Added to MSCI Philippines"},"content":{"rendered":"<p style=\"text-align: center;\"><a href=\"http:\/\/www.laidtrades.com\/wp-content\/uploads\/2011\/02\/aboitiz-equity-ventures-AEV-February-12-20111.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-7917 size-medium\" title=\"aboitiz equity ventures AEV February 12, 2011\" src=\"http:\/\/www.laidtrades.com\/wp-content\/uploads\/2011\/02\/aboitiz-equity-ventures-AEV-February-12-20111-300x170.png\" alt=\"aboitiz equity ventures, AEV philippines stock, MSCI Philippines Investable Market Index Fund, Ron Acoba, daily stock picks, stock market trading, bullish breakaway gap, descending channel\" width=\"300\" height=\"170\" \/><\/a><\/p>\n<p>Aboitiz Equity Ventures or AEV in the  Philippine Stock Exchange helped carry the entire exchange with a timely  gain (supported by volume) when it rose by 11.11% to close the week at  PHP 37.00 from Thursday&rsquo;s closing of PHP 33.30. As  you can see from its chart above, AEV has been slumping for awhile as  it has been trading within a descending channel since marking a high of  PHP 41.00 back in December 3, 2010. Increased buying interest due to a  reason that I will explain shortly caused it to make a bullish breakaway  gap.<\/p>\n<p style=\"text-align: left;\">Friday&rsquo;s move immediately placed AEV above  the channel and the two (red and pink) moving averages. AEV even reached  a high of PHP 38.5 during the day but quick profit taking pushed it  back down towards the resistance of the channel. The said resistance and  the two mentioned moving averages now should act as supports to prevent  it from filling the gap. Looking at the MACD, you will notice that it  is ripe for a bullish crossover as well (histogram about to turn  positive). Moreover, an RSI reading of above between 50 and 70  (increasing upward momentum but still not overbought) indicates that AEV  still has room to move higher.In any case, a rebound from the said  supports could push AEV back to its previous high at PHP 41.00.<\/p>\n<p style=\"text-align: left;\">News that AEV will be included in the MSCI  (Morgan Stanley Capital International) Philippines Investable Market  Index on February 28, 2011 led traders and other investors to take a  long position on the stock. MSCI Philippines is a benchmark that  measures the performance of the top 99% by market capitalization of  equities that are listed in the Philippine Stock Exchange. Inclusion of  AEV in the index fund is bullish for the stock since international funds  that track the index will then need to take a position on AEV as well.<\/p>\n<p>More on <a href=\"http:\/\/www.laidtrades.com\/\">LaidTrades.com<\/a> &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aboitiz Equity Ventures or AEV in the Philippine Stock Exchange helped carry the entire exchange with a timely gain (supported by volume) when it rose by 11.11% to close the week at PHP 37.00 from Thursday&rsquo;s closing of PHP 33.30. As you can see from its chart above, AEV has been slumping for awhile as &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/02\/12\/aboitiz-equity-ventures-aev-to-be-added-to-msci-philippines\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Aboitiz Equity Ventures (AEV) To Be Added to MSCI Philippines&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-19361","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=19361"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19361\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=19361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=19361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=19361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}