PSE Market Outlook (30 Aug 2024) by Regina Capital Development Corp.
The index slipped -0.96% to 6,891.55, but momentum is still kicking, with RSI at a solid 60.43.
Technicals Talk: Converge Information and Communications Technology Solutions, Inc. (CNVRG) – 29 Aug 2024 by Regina Capital Development Corp.
CNVRG continues its upward movement with the stock’s price rallying above all moving averages.
Technicals Talk: SM Prime Holdings, Inc. (SMPH) – 28 Aug 2024 by Regina Capital Development Corp.
Yesterday’s bull trading session closed SMPH stocks at a resistance level, trading within a range of 29.70-31.16.
Technicals Talk: BDO Unibank (BDO) – 28 Aug 2024 by Regina Capital Development Corp.
BDO stocks are consolidating within the 147.00-154.00 range.
Technicals Talk: SM Investments Corp. (SM) – 28 Aug 2024 by Regina Capital Development Corp.
SM stocks are trading comfortably sideways along the bullish regions between 919.89-956.00.
PSE Market Outlook (28 Aug 2024) by Regina Capital Development Corp.
The PSEi narrowly inched towards the 7000s level yesterday closing up +0.16% to 6,973.41 as investors started to rebalance ahead of the end-of-month closing.
Technicals Talk: Aboitiz Power Corp. (AP) – 27 Aug 2024 by Regina Capital Development Corp.
AP is showing a bullish reversal as it breaks above key MAs, signaling renewed upward momentum.
Technicals Talk: Filinvest REIT Corp. (FILRT) – 21 Aug 2024 by Regina Capital Development Corp.
The stock is currently trailing along its 20-d MA, with bulls keeping the momentum alive as the RSI holds steady at 58.41 and still pointing upwards.
Technicals Talk: First Gen Corp. (FGEN) – 21 Aug 2024 by Regina Capital Development Corp.
FGEN stocks are currently rallying, trading between a range of 16.78-17.45.
Technicals Talk: Manila Electric Company (MER) – 21 Aug 2024 by Regina Capital Development Corp.
MER stocks saw a surge in price levels last Friday and are now currently consolidating along a range of 414.00-429.00.
Technicals Talk: Bloomberry Resorts Corp. (BLOOM) – 21 Aug 2024 by Regina Capital Development Corp.
BLOOM is currently pointing signs towards a trend reversal, mildly recovering to the 8.00s region after seeing continuous bears in the past weeks.
PSE Market Outlook (21 Aug 2024) by Regina Capital Development Corp.
The PSEi closed around the mid-6900s at 6944.76 (+0.80%).
Stock in Focus: Nickel Asia Corp. (NIKL) – 21 Aug 2024 by Regina Capital Development Corp.
Our recommendation and 1-year Target Price for this stock is
Technicals Talk: Nickel Asia Corp. (NIKL) – 19 Aug 2024 by Regina Capital Development Corp.
NIKL is still on a downtrend, with the stock trading below all major moving averages and bearish signals across technical indicators.
Technicals Talk: SM Prime Holdings, Inc. (SMPH) – 16 Aug 2024 by Regina Capital Development Corp.
SMPH stocks are currently bullish, hitting resistance levels, trading within a range of 27.97-30.70.
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