Technicals Talk: BDO Unibank (BDO) – 5 Feb 2025 by Regina Capital Development Corp.
BDO remains below all major moving averages but gained +5.47% intraday to close at 144.50.
BDO remains below all major moving averages but gained +5.47% intraday to close at 144.50.
ICT surged by +7.62% intraday, staging a strong rebound from recent lows.
The PSEi made a strong comeback after consecutive sessions of heavy selling, with the benchmark index reclaiming above 6,000.
Market players would monitor the PSEiās staying power above the 6,000 zone, as sentiment takes its cue from developments on Trumpās trade tariff measures.
Regional marketsā attention might sway to latest news on the 30-day reprieve reportedly agreed upon by Trump, as well as Mexico & Canada, on the effectivity of the recently-imposed importation tariff.
VLL closed last Friday at 1.50, below all MAs and down by -1.32%.
Caution may be the main carrying theme, with the PSEi falling below the 6,000 psychological zone.
SM continues to trade below all MA levels, closing at 795.00 (-%3.28%).
WLCON ended with an uptick of +1.67%, closing at 8.54.
The PSEi dropped by -0.74%, closing at 6,107.66.
Expect volatile sessions with the month-end portfolio closing.
Attention is set on Philippine 4Q24 GDP, as well as BSPās sequel guidance on monetary policies.
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