PSE Market Outlook (4 Apr 2024) by 2TradeAsia
Mixed trades might characterize Thursday’s trades, as investors heed for the latest inflation gauge data due Friday.
Mixed trades might characterize Thursday’s trades, as investors heed for the latest inflation gauge data due Friday.
Yesterday, MONDE breached the 11.00 resistance level and filled the gap made from March 2023, ending the session at its new 52-week high of 56 and gained 37% YTD.
Price above 200EMA.
Barely a few points shy of the 7,000 zone, market participants are seen to monitor crosses above this mark while heeding for other momentum support.
The bears are making strides to bring AP into the oversold region, as evidenced by the consistent decline in its price over the past few days.
Currently, DMC is down by -0.81% to 12.20 as profit takers lock in gains.
BDO briefly touched its support and 50-day MA (149.60) earlier today.
JFC shares continue to trade within a range, currently near its support.
The PSEi logged its third consecutive day of decline yesterday, causing the RSI to sink deeper into the bearish region.
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Our recommendation and 1-year Target Price 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
Our recommendation and 1-year Target Price for this stock is
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