Stock Picks for the week (Jan 6-10, 2025) by First Metro Securities
Our stock picks for the week
Our stock picks for the week
MBT has made steady gains, trading above both its 9-day and 50-day MAs.
GTCAP drops by -1.82% intraday as the stock trades below its major moving averages, signaling continued bearish momentum.
The PSEI continues to trade below all its moving averages, closing down by -1.20% intraday.
Further monitoring on continuity of prior sessionās supply pressure is expected, as gauges settle at a comfortable zone.
Eyes are set whether local gauges would continue with its positive momentum, as buyers aim for good entry points in select oversold shares.
Continued advance is likely to be supported, as sentiment might glide to US equitiesā Friday rise.
The PSEi continued its recovery to the 6,600 level to start the year on a positive note, rising by 1.15% and closing at 6,603.81 (+75.02).
Our Target Price and recommendation for this stock is
Our Target Price and recommendation for this stock is
Our Target Price and recommendation for this stock is
Our recommendation and 1-year Target Price for this stock is
Our Target Price and recommendation for this stock is
Our recommendation and 1-year Target Price for this stock is
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