PSE Market Outlook (12 Apr 2024) by Regina Capital Development Corp.
The index finds itself deep into a downward trend as the index falls for its sixth straight day.
The index finds itself deep into a downward trend as the index falls for its sixth straight day.
The bulls temporarily stopped BPI’s slump.
The appearance of three bearish candlesticks in SM’s chart suggests an increased likelihood that the stock’s price will soon reach its support level of 967.
The current stock price of ICT is nearing its 20-d MA as the selling pressure gets heavier in yesterday’s session.
The local bourse saw three black crows in yesterday’s trading session as the index slumped by -0.54% or -36.76pts to 6,827.06.
Our recommendation and 1-year Target Price for this stock is
Our recommendation and 1-year Target Price for this stock is
The bears are making strides to bring AP into the oversold region, as evidenced by the consistent decline in its price over the past few days.
Currently, DMC is down by -0.81% to 12.20 as profit takers lock in gains.
BDO briefly touched its support and 50-day MA (149.60) earlier today.
JFC shares continue to trade within a range, currently near its support.
The PSEi logged its third consecutive day of decline yesterday, causing the RSI to sink deeper into the bearish region.
The past month has seen the PSEi consistently trading with a range, unable to hold above the 7k threshold.
Presently, BLOOM has ended yesterday at its intraday high, closing at 11.40.
AC seems to have found its support as AC held a strong support at its 200-d MA of 647.00.
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