PSE Market Outlook (13 Dec 2023) by Regina Capital Development Corp.
Rebounding after plunging below the 6200 level, the index managed to close yesterday’s session with a gain of +1.03% at 6,292.39.
Rebounding after plunging below the 6200 level, the index managed to close yesterday’s session with a gain of +1.03% at 6,292.39.
ALI gained by as much as 21% after bouncing from its support at 26.20 which was the swing low last Sept 20 and broke out of its sideways or rectangle pattern.
Follow-through buying might be visible, as fund managers seize on the recent drop to position.
Bullish divergence on RSI.
Price near multi-year low.
Gauges might need to stabilize above 6,200 for now, to support sturdier ascents towards 6,400-6,500.
Stochastics at oversold territory.
Here’s a commentary on an important issue or event affecting the stock market
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Our Target Price and recommendation for DNL is
Here’s a commentary on an important issue or event affecting the stock market
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Our Target Price and recommendation for this stock is
Our Target Price and recommendation for this stock is
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