Hold rating for AREIT; Buy for ALI
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AP seems to be acting like a contrarian of the index, as the former is up by +1.08% while the latter is bleeding.
Cup and handle pattern.
After the three marching soldiers in the prior trading sessions, SM has been on a steep correction in yesterday’s trading day.
The PSEI slumped on the second straight day as investors sealed their gains during the prior rallies.
Participants might gauge whether the PSEi could keep its head aloft 6,200, given yesterday’s trend.
After reaching its 3-yr low at 27.70 on Sept 20, SMPH’s share price rebounded and has been rising slowly.
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