PSE Market Outlook (28 Jun 2024) by Regina Capital Development Corp.
A key vulnerability is the proximity to a death cross, with the 50-day moving average nearing the 200-day moving average, which could signal a bearish trend if crossed.
A key vulnerability is the proximity to a death cross, with the 50-day moving average nearing the 200-day moving average, which could signal a bearish trend if crossed.
GLO is trading within a range of 1931.12-2013.02, with an RSI of 59.44, indicating moderately strong momentum.
LTG is trading within a range of 9.91-10.04, with an RSI of 41.33, indicating a bearish momentum without reaching oversold conditions.
AEV is trading within a range of 37.02-39.38, with an RSI of 42.33 on a downturn, indicating weakening momentum.
The index closed at 6299.05, within a range of 6272.46-6307.51.
ICT closed sharply bearish at 316.00, down -5.56% with a range of 316.00-341.16.
The PSEi closed sharply at 6158.48, a volatile session within 6158.48-6394.33.
SCC has been bearish, trading within the 31.65-32.18 range.
BLOOM is showing clear bearish signals across multiple indicators, with a range of 9.96-10.24.
EMI closed at 18.80, with a range of 18.74-19.01, accompanied by mixed indicators.
The PSEi closed at 6368.80, showing a range between 6343.69 and 6459.38.
Strong technical bounce after the month-long nose dive!
SMPH appears to be in the grip of the bears, steadily marching south.
Seems like the bears are still in control over RLC, dragging the stock price to 15.20.
The PSEI is still clearly under the spell of the bears.
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