4 January 2018, Thursday, 12.50am Singapore Time
(Click on Relativity Chart above to Expand)
Attached above is the Technicals of the Past Half-Year Trending Relativity of the top 3 banks in Philippines and the top 4 banks in the US in terms of market capitalisation. The SPDR Financial Select Sector Index is used as the bench-marking process. The litmus result yields the finest breed horse from among the best of the best among some of the strongest sectors internationally (financial sector).
With business momentum and trend as the best friends, the BDO Unibank (PSE: BDO) and Bank of America (NYSE: BAC) came up tops in the short-mid term. Both are also performing far superior compared to the industry. Of particular note is that BDO Unibank (PSE: BDO) is outperforming even Singapore's DBS Bank and US' Bank of America where Singapore (3rd most important financial centre in the world) and US (most important financial centre in the world) are supposed to be conducive environments for the banks. BDO Unibank will continue its trending momentum in 2018 and is a must to have as investment and longs-trade in Philippines. Downside minimal and upside continues to be powerful.
If one is an investor in Philippines with appetite for international exposure, then BDO Unibank and Bank of America represent the finest breed horse which are likely to be hard to fall and possess strong legs to run up smoothly without much resistance for 2018.
If one is an investor in Philippines with appetite for international exposure, then BDO Unibank and Bank of America represent the finest breed horse which are likely to be hard to fall and possess strong legs to run up smoothly without much resistance for 2018.
DNA Technical Rating:
Continue to be Very Bullish
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