PSE Market Outlook (18 Apr 2023) by 2TradeAsia
Light sessions might continue, as participants check for catalysts to prod aggressive positioning.
Light sessions might continue, as participants check for catalysts to prod aggressive positioning.
Potential retest of 200EMA trail resistance.
The market traded in a tight range last week, however, the PSEi still closed below the 200-day MA.
Participants might look forward for 1Q23 earnings guidance for most of the week, as several listed firms line-up for their annual generation meeting (AGM) season.
Sentiment might take its cue from US equitiesā overnight advance (DJIA +1.14%, Nasdaq Comp. +1.99%), as well as indications from BSP Gov. Medalla for consideration of rate pauses given the recent MoM inflation trend.
Our recommendation and 1-year Target Price for this stock is
Our recommendation and 1-year Target Price for this stock is
Hereās a commentary on an important issue or event affecting the stock market
Hereās a commentary on an important issue or event affecting the stock market
Hereās a commentary on an important issue or event affecting the stock market
Hereās a commentary on an important issue or event affecting the stock market
Hereās a commentary on an important issue or event affecting the stock market
Our stock picks for the week
Mixed views are seen, as fund managers balance inflation estimates against the recent uptick in crude prices.
After a few small continuous uptrends, the PSEI has finally went back to 6,500 where prices managed to briefly consolidate.
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