PSE Market Outlook (19 Dec 2022) by 2TradeAsia
Base levels will be tested for bulk of trading sessions this week, following the PSEiās move below the 6,500 mark.
PSE Market Outlook reports summarize our partner brokersā analysis of the expected short-term movement of the Philippine Stock Exchange index (PSEi). This report primarily relies on Technical Analysis and may be useful to short-term or day traders.
Base levels will be tested for bulk of trading sessions this week, following the PSEiās move below the 6,500 mark.
Light sessions are seen, as some buyers might remain at bay pending reactions to Wall Streetās overnight descent (DJIA -2.25%, Nasdaq Comp. -3.23%).
Sentiment might glide to Wall Streetās weakness (DJIA – 0.42%, Nasdaq Comp. -0.76%), given the Fedās indicative rate hike in 2023.
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