Technicals Talk: BDO Unibank (BDO) – 22 Jan 2025 by Regina Capital Development Corp.
BDO went down by -1.50% intraday, continuing to trade below its key moving averages.
BDO went down by -1.50% intraday, continuing to trade below its key moving averages.
The PSEi ended yesterdayâs session with a doji candlestick, reflecting market indecision as price action remains anchored at the 6,300 level.
Participants may continue to search for trading windows in select stocks, while heeding for latest corporate earnings & other new leads.
Activity might remain light, as global fund managersâ attention is swayed to movements at the crypto & currencies market.
CHP closed last friday above its 50-MA close, trading up by +1.79%.
The PSEi slid below its 6,400 support, driven by heavy foreign selling, ending the week down 2.22% w/w at 6,352.12 (-144.20 pts).
Sentiment might take its cue from US equitiesâ overnight incline Friday, as global markets monitor sequel policies from the formal inauguration of Pres. Trumpâs administration.
CNVRG rose by 2.91%, closing at 17.00/sh, continuing its bullish trajectory as shown by the MACDâs green histograms and its position above all MA levels.
SCC increased by 1.00%, closing at 35.40/sh and trading above all MA levels.
SMPH decreased by -1.83%, closing at 24.15/sh.
TEL posted a slight increase of 0.38%, closing at 1,315.00/sh, yet still trading below all key MA levels.
The PSEI decreased by -1.03%, closing at 6,265.52/sh.
Investors would be monitoring for possible repeat of prior sessionâs MOC-selling, especially on intra-day rallies.
Local equities may take its cue from Wall Streetâs incline, riding on solid earnings from financials & latest CPI gauge in relation to the Fedâs possible course on interest rates.
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