Trade the News: EW’s earnings boosted by securities trading gains
Take advantage of the price opportunity that might arise when the news hits. Trade the news!
Take advantage of the price opportunity that might arise when the news hits. Trade the news!
Take advantage of the price opportunity that might arise when the news hits. Trade the news!
BEL is currently below all moving averages, touching upon 1.90 intraday.
The PSEi dipped by 2.34% w/w, closing at 7,142.96 (-171.27pts).
Participants should expect volatility this week, with the US presidential election and the outcome of the Fed’s policy meeting.
MRSGI firmed around 1.10 to 1.30, with signs of uptrend in the weekly timeframe.
Expect volatile sessions with the month-end closing, as well as US elections next week.
EW is showing signs of consolidation around 10.00, with its short-term MAs providing stronger support near 9.00.
CLI closed slightly above its MA-9 close with a red candle, touching upon 2.90 intraday.
GLO is at a huge sell-off, closing at 2100.00, down by -7.33% intraday, and -7.65% in the weekly timeframe, marking its second week of more than -6.00% decline.
BDO closed at 157, down by -1.88% intraday, below its 9-MA and 50-MA.
The PSEI closed at 7,239.98 yesterday, down -1.41% intraday, losing its grip on the recent upward trend.
Participants might err on the side of caution, with yesterday’s sell-off.
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