PSE Market Outlook (4 Oct 2023) by 2TradeAsia
Market participants will monitor progression on the lifting of rice price ceiling, parallel to the approved fare hike of LTFRB for jeepney vehicles.
Market participants will monitor progression on the lifting of rice price ceiling, parallel to the approved fare hike of LTFRB for jeepney vehicles.
Subdued sessions are seen following the PSEi’s decline yesterday, as participants await for the release of September inflation.
The stock has been going up after touching support with moving averages going strongly bullish together with momentum pointing sharply upwards.
After rallying by almost 25%, NOW’s share price met resistance at its 100-D moving average (MA) and is currently consolidating below this level.
Bearish crossover on Stochastics.
Shooting Star pattern.
The index closed at 6,385.32 as the index bounced back.
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