PSE Market Outlook (7 Feb 2023) by 2TradeAsia
Unable to keep its head above the 7,000 line, participants will monitor continuity of supply pressure before moving within good trading windows in key index shares.
Unable to keep its head above the 7,000 line, participants will monitor continuity of supply pressure before moving within good trading windows in key index shares.
Should the stocks rally in the following trading days, this could be a good time to
The 6,800 level proved to be a support area last week as the market managed to bounce from said level and closed the week at above 7,000.
Our recommendation and 1-year Target Price for this stock is
Market participants might check if the recent selling would continue, or whether buyers would seize on this buying window to reposition.
Sessions may continue to rally, which would come from the anticipated Fed’s 25bps rate hike.
Here’s a commentary on an important issue or event affecting the stock market
Here’s a commentary on an important issue or event affecting the stock market
Our recommendation and 1-year Target Price for this stock is
Here’s a commentary on an important issue or event affecting the stock market
Buying might be seen, as fund managers seize on yesterday’s drop to position in key stocks.
Volatile sessions may continue, as participants weigh-in expectation from the Fed’s meeting this week, on top of month-end portfolio rebalancing.
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It continues to post higher lows overall, cementing its upward trend channel and boosting hopes for a positive mid-term outlook.
While the PSEi broke its five-week winning streak, the recent pullbacks remain to be shallow, further signaling that the bulls are in control.
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