Technicals Talk: Bloomberry Resorts Corp. (BLOOM) – 18 Nov 2025 by First Metro Securities
BLOOM retreated to the ~PHP 2.70 level, previously a strong support following its removal from the PSEi in Apr 2025.
BLOOM retreated to the ~PHP 2.70 level, previously a strong support following its removal from the PSEi in Apr 2025.
Eyes are set whether follow-through lifts are in store for local equities, given yesterday’s recovery.
The PSEi fell 3.04% w/w to 5,584.35, decisively breaking below the 5,700 support level.
Caution might prevail, as attention is locked on the PSEi’s staying power above 5,500.
GLO increased by 9.79% to close at 1,648.00, marking a strong breakout as heavy buying momentum lifted the stock to its highest level in several weeks.
On technicals, RCR has been on a downtrend for the past 2 months, falling by 14% to PHP 7.20.
TEL increased by 4.75% to close at 1,278.00, extending its sharp rally as strong buying momentum continued to push the stock to multi-week highs.
The PSEi posted a mild gain of +0.23% to close at 5,726.99, showing a brief pause from the sustained selling pressure seen throughout the week.
Expect volatile sessions, as the market digests on 9M corporate earnings & renewed debates on whether the Fed would pursue its rate cut for the final lapse of 2025.
CBC remains in a downtrend, trading below its 20-day, 50-day, 100-day, and 200-day moving averages.
MEG remains bearish, with momentum weakening – the RSI is approaching oversold levels, and the MACD has formed a bearish crossover with the signal line.
Eyes are set on possible continuation of yesterday’s ascent, which may be driven by crude futures’ sharp decline.
SMPH plummets to the oversold territory, reaching its floor levels with the stock losing -4.22% in the open to close at 19.54.
ALI threads even lower with the price declining by -1.13% to close at 19.20 driven by mass sell-offs from investors.
The PSEi dropped by 1.29% to close at 5,629.07, extending its decline as persistent selling pressure weighed on market sentiment.
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