PSE Market Outlook (22 Nov 2024) by Regina Capital Development Corp.
The PSEi gradually advanced to the 6,800 level from last week’s close, with stock prices moving above the 200-day MA.
The PSEi gradually advanced to the 6,800 level from last week’s close, with stock prices moving above the 200-day MA.
We maintain our Target Price and recommendation for DMC at
Our Target Price and recommendation for this stock is
We maintain our Target Price and recommendation for DMC at
BPI dropped by -1.50% intraday, still trading above all its MA.
ICT closed with a green candle, up by +2.82% intraday.
ALI’s rose +0.86% to 29.25, reflecting a sharp decline.
The PSEi rebound back to 6,800 mark, closing down +0.62% intraday, as market continues to recover from the the huge sell-off since last week.
SEVN closed at 73/sh up +0.62% intraday, with signs of consolidation around 70 levels.
SM dropped by -2.67% intraday, slipping below its 200-day MA.
SMPH fell by -2.87% intraday to 27.10, trading below all of its MA, suggesting strong bearish pressure.
BDO closed at 157, down by -1.88% intraday, below its 9-MA and 50-MA.
The chart shows mixed technical signals.
The index is now at its 5 consecutive red candle close as bears dominate the market.
The PSEi dipped below its 6,600 mark, closing down -2.34% intraday, as more investors continued withdrawals this week.
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