Technicals Talk: Bank of the Philippines Islands (BPI) – 24 Jan 2025 by Regina Capital Development Corp.
BPI is at a pessimistic level as it continues to trade below all key MA levels, closing at 124.00/sh (-0.40%).
BPI is at a pessimistic level as it continues to trade below all key MA levels, closing at 124.00/sh (-0.40%).
MER is down by -1.40%, closing at 493.00/sh.
The PSEi ended with a modest gain of +0.48%, closing at 6,378.86/sh.
The market might take comfort from Pres. Trumpâs latest statement in the World Economic Forum calling for OPEC to reduce prices & for central banks to support lowering interest rates.
Market participants may continue to monitor supply presence in select sectors during intra-day strength, as sentiment takes its cue from Wall Streetâs incline.
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.
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