{"id":20406,"date":"2011-03-30T02:26:15","date_gmt":"2011-03-30T06:26:15","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20406"},"modified":"2011-03-30T02:26:15","modified_gmt":"2011-03-30T06:26:15","slug":"juggernaut-pldt-makes-news","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/03\/30\/juggernaut-pldt-makes-news\/","title":{"rendered":"Juggernaut PLDT Makes News!"},"content":{"rendered":"<p><a href=\"http:\/\/www.laidtrades.com\/wp-content\/uploads\/2011\/03\/philippine-long-distance-telephone-company-PLDT-TEL-March-30-2011.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-8491 size-medium\" title=\"philippine long distance telephone company PLDT TEL March 30, 2011\" src=\"http:\/\/www.laidtrades.com\/wp-content\/uploads\/2011\/03\/philippine-long-distance-telephone-company-PLDT-TEL-March-30-2011-300x170.png\" alt=\"philippine long distance company, PLDT, TEL, ron acoba, bullish breakaway gap, daily stock picks, stock market trading\" width=\"300\" height=\"170\" \/><\/a><\/p>\n<p>Telephone  giant Philippine Long Distance Company (PLDT) or TEL in the Philippine  Stock Exchange made news today when it soared by an amazing 15.72%,  carrying the entire PSEi on its back. &nbsp;<\/p>\n<p>Yes. PLDT made quite a splash as it soared from PHP 2,036.00 per  share yesterday to a closing of PHP 2,356.00 today. As you can see from  its chart above, the move is actually exhibited by wide bullish  breakaway gap. With its value turnover reaching a little more than PHP  2.25 billion, it is quite likely TEL will still have some gas on its  tank to move higher as many of the shares were bought near its present  price levels. Notice also that the MACD histogram has just turned  positive, giving a buy signal. Moreover, the RSI is still not in the  overbought area, suggesting that it could still move up. Technically,  however, there are some resistances at the PHP 2,400.00 and PHP 2,500.00  price levels plus at its 200-day moving average. But its recent  breakaway gap, which is supported by heavy volume, could set it up for a  nice ride north above those levels.<\/p>\n<p>On the fundamental side, PLDT disclosed that it will purchase 51.55%  of Digital Telecommunications Philippines or DGTL, which is the operator  of Sun Cellular from the latter&rsquo;s parent company JG Summit Holdings,  Inc. (JGS). The total purchase price will amount to PHP 74.1 billion  which will then be funded through PLDT&rsquo;s issuance of new common shares  that will be priced at PHP 2,500.00 per share. With this in mind, PLDT&rsquo;s  outstanding shares could be driven by the market to match or even  exceed the said issuance price, leaving TEL&rsquo;s shares with some more  upside from its present level. <\/p>\n<p>More on <a href=\"http:\/\/www.laidtrades.com\/\">LaidTrades.com<\/a> &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Telephone giant Philippine Long Distance Company (PLDT) or TEL in the Philippine Stock Exchange made news today when it soared by an amazing 15.72%, carrying the entire PSEi on its back. &nbsp; Yes. PLDT made quite a splash as it soared from PHP 2,036.00 per share yesterday to a closing of PHP 2,356.00 today. As &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/03\/30\/juggernaut-pldt-makes-news\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Juggernaut PLDT Makes News!&#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-20406","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20406","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=20406"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20406\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}