Technicals Talk: OceanaGold Philippines, Inc. (OGP) – 9 Oct 2024 by Regina Capital Development Corp.
OGP has been in overbought period for quite an extended of time.
OGP has been in overbought period for quite an extended of time.
Participants may take their cue from Wall Streetās incline, while others check for possible continuation of some supply pressure.
Eyes are set on continuity of yesterdayās advance, as some players might seize on this strength to cash-out.
Our stock picks for the week
MONDE’s share price consolidated for two weeks following a 13% increase in mid-September.
MWC is currently trading sideways, with its price slowly climbing up above all MAs and closing with a doji candlestick last weekend.
ICT stocks were trending upwards for the week, trading between 401-422.
The index was trading bullish closing at high 7400s region after a sell-off on opening of last week as investors begin to take profits at opening day whilst weighing lower inflation expectations.
The PSEi inched higher by 0.53% w/w to register another 52-week high at 7,467.92 (+39.62pts).
Sentiment might glide to Wall Streetās ascent, on latest jobs addition data, while follow-through buying takes support from Septemberās inflation trend.
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
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!
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