PSE Market Outlook (12 Feb 2024) by First Metro Securities
The PSEi surged by +2.13% w-o-w to close at 6,850.16, extending its winning streak for the third week.
The PSEi surged by +2.13% w-o-w to close at 6,850.16, extending its winning streak for the third week.
Here’s an update to the stock composition of the three new model portfolios!
Here’s an update to the stock composition of the three new model portfolios!
The market is trading above key moving averages (50-day, 100-day, and 200 -day) and is poised to revisit the next resistance level.
The PSEi surged by +2.81% w-o-w to end the week at 6,686.09.
The PSEi dropped by -2.10% w-o-w after failing to break above the 6,700 resistance.
The PSEi inched up by +0.20% w-o-w, hovering above the 6,600 support level as well as key moving averages (20-day, 50-day, 100-day, and 200-day).
Here’s an update to the stock composition of the three new model portfolios!
The PSEi pulled back by -0.78% w-o-w after hovering near overbought conditions.
Our stock picks for the week
If the PSEi sustains its last week’s rally, it can retest next resistance levels at
The PSEi surged by +2.88% w-o-w, sustaining its rally the previous week. However, the volume remained tepid at P3.1bn.
The PSEi bounced back by +0.46% w-o-w, after hitting a year-to-date low the previous week.
If the PSEi recovers, it can retest previous support-turned-resistance at 6,200 to 6,400.
The PSEi dropped by -1.97% w-o-w to close at 6,142.90, breaking below the 6,200 support level.
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