Stock Picks for the week (Mar 27-31, 2023) by First Metro Securities
Our stock picks for the week
Our stock picks for the week
After declining in 2022 to below its IPO (initial public offering) share price, MONDE has recently formed a bottom triangle (bottom wedge).
PXP formed a falling wedge pattern after hitting its year-to-date low at P4.62.
Year-to-date, the counter pulled back by as much as 18% to P17.28 from a high of P21.20, bringing the stock to an oversold levels with RSI at 25.0.
The stock is hovering below its key moving averages (50-day and 100-day).
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Our stock picks for the week
As expected, after the market broke below the 100-day/200-day MA, the market retested (and briefly broke below) the 6,400 level.
Update to the 4 sets of stock model portfolios for savvy stock investors!
Our stock picks for the week
The bears continued to dominate last week with the PSEi closing below 6,600 anew.
Update to the 4 sets of stock model portfolios for savvy stock investors!
Our stock picks for the week
The PSEi closed below the 6,600 level earlier last week, forming a lower low.
Update to the 4 sets of stock model portfolios for savvy stock investors!
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