{"id":19523,"date":"2011-02-16T22:44:08","date_gmt":"2011-02-17T03:44:08","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=19523"},"modified":"2011-02-16T22:44:08","modified_gmt":"2011-02-17T03:44:08","slug":"manila-water-company-mwc-causes-traffic-but-brings-money","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/02\/16\/manila-water-company-mwc-causes-traffic-but-brings-money\/","title":{"rendered":"Manila Water Company (MWC) Causes Traffic But Brings Money?"},"content":{"rendered":"<p style=\"text-align: center;\"><a href=\"http:\/\/www.laidtrades.com\/wp-content\/uploads\/2011\/02\/manila-water-company-MWC-February-17-2011.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-8032 size-medium\" title=\"manila water company MWC February 17, 2011\" src=\"http:\/\/www.laidtrades.com\/wp-content\/uploads\/2011\/02\/manila-water-company-MWC-February-17-2011-300x170.png\" alt=\"Manila Water Company, MWC philippine stocks, Ayala Corporation, Ron Acoba, daily stock picks, stock market trading\" width=\"300\" height=\"170\" \/><\/a><\/p>\n<p style=\"text-align: left;\">Manila Water Company or MWC in the  Philippine Stock Exchange, a subsidiary of Ayala Corporation, is in the  business of water delivery and sewerage sanitation services to the East  block of Metro Manila. MWC, however, is  notorious to a lot of people who lives and do business in Quezon City,  Makati, San Juan, Taguig, Mandaluyong, Manila, Pateros, and Marikina  because of the traffic congestion that they company cause on the roads.  As if Metro Manila&rsquo;s streets aren&rsquo;t congested enough, here&rsquo;s MWC doing  its thing to keep it more so. While MWC&rsquo;s objective of digging fractions  of roads could be honest, they company needs to do a better job of  planning it. You see, after digging a certain portion of the road for  quite some time and eventually repairing the road again, sooner or later  they will come back to dig again. Such a hassle. And they do not even  fix the portion of the road back in its original finish or better. Boo.<\/p>\n<p style=\"text-align: left;\">In any case, despite my rants above, MWC  could bring me in some money at this point in time if I play it right  and if, of course, the market goes my way. As you can see from its chart  above, MWC looks to be due for a rally. After a less than stellar  performance during the fourth quarter of last year so far this year, its  shares has weakened back to its primary uptrend line which all started  back in January 2009. Notice also that MWC&rsquo;s 200-day moving average  appears to be keeping it afloat as well. Now, these supports are major  as they can be so a rally would most likely happen. A rebound from its  present level could sent it back to it&rsquo;s former high around PHP 19.70. A  fall below the two supports, on the other hand, could send it down to  PHP 16.50 or PHP 16.00.<\/p>\n<p style=\"text-align: left;\">More on <a href=\"http:\/\/www.laidtrades.com\/\">LaidTrades.com<\/a> &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Manila Water Company or MWC in the Philippine Stock Exchange, a subsidiary of Ayala Corporation, is in the business of water delivery and sewerage sanitation services to the East block of Metro Manila. MWC, however, is notorious to a lot of people who lives and do business in Quezon City, Makati, San Juan, Taguig, Mandaluyong, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/02\/16\/manila-water-company-mwc-causes-traffic-but-brings-money\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Manila Water Company (MWC) Causes Traffic But Brings Money?&#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-19523","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19523","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=19523"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19523\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=19523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=19523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=19523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}