PSE Market Outlook (6 Sep 2024) by Regina Capital Development Corp.
The index has been moving sideways these past few days with the bulls keeping it afloat within range, closing just above the 6900s level.
The index has been moving sideways these past few days with the bulls keeping it afloat within range, closing just above the 6900s level.
DMC’s price is currently rallying above all moving averages, with MACD histograms indicating slightly strengthening bullish sentiments, as buying pressure continues to hover over selling pressure.
GLO stocks are currently in its consolidation phase, moving sideways within a range of 2201.04-2270.30.
RLC stocks are currently at a resistance level, trading along its 50-MA within a range of 14.59-15.00.
The index has been moving sideways these past few days although it seems that the bears are beginning to take over as consecutive red candles fill the chart.
Our Target Price and recommendation for this stock remains at
Our Target Price and recommendation for this stock is
Our recommendation and 1-year Target Price for this stock is
Our Target Price and recommendation for this stock remains at
ALI stocks are currently hitting a resistance level as yesterday’s trading session saw an uptick of +2.50% to 34.86 with conditions nearing oversold territory.
EMI stocks are in a consolidation phase, trading sideways between 18.66 and 18.86.
The index slipped -0.96% to 6,891.55, but momentum is still kicking, with RSI at a solid 60.43.
CNVRG continues its upward movement with the stockโs price rallying above all moving averages.
Yesterday’s bull trading session closed SMPH stocks at a resistance level, trading within a range of 29.70-31.16.
BDO stocks are consolidating within the 147.00-154.00 range.
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