PSE Market Outlook (27 Sep 2023) by Regina Capital Development Corp.
The index closed at 6,263.94 as the index bounced back.
The index closed at 6,263.94 as the index bounced back.
Attention is set whether the PSEiās run-up would continue, or for prospective breathers to set in.
AP ended strong yesterday to close at 32.10 up by 4.39%.
Multiple bullish candles.
Strong 200EMA trail.
Participants will monitor if prospective technical breathers might set in, given the local marketās recent ascent.
DNL closed last Friday at its 52-week low of 6.07, down by 3.34% for the day. The stock is currently on a
Market participants will monitor the PSEiās move above the 6,200 mark, following prior sessionsā ascent.
JFC still goes down even with prices touching support.
Momentum is still being flattish as RSI starts to consolidate indicating that the index may
Despite the current downfall, SCC manages to sustain prices at higher levels.
MONDE starts to consolidate at the highs with moving averages trying to turn
Moving averages are still bearish with the index nearing solid support at 6,000 levels.
Our Target Price and recommendation for this stock is
Our Target Price and recommendation for MWC is
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