PSE Market Outlook (22 Jul 2024) by Regina Capital Development Corp.
The index performed incredibly bullish last week closing on a rally-high at 6791.69, nearing the 6800s territory.
The index performed incredibly bullish last week closing on a rally-high at 6791.69, nearing the 6800s territory.
BPI is currently trading within the range of 123-127, and rallying above all moving averages.
The PSEi closed at 6705.01 yesterday (+0.26%) within the range of 6610-6730, with all indicators showing signs of bullishness, and the index trading above all MA-s.
ICT is currently trading within a range of 347.40 to 370.45.
SMPH stocks are currently trading within a range of 28.30-30.20.
AEV stocks are currently bearish but mildly consolidating near the 50-MA line as we see an uptick in momentum with RSI at 45.78.
The index closed yesterday at 6667.09 (-0.33%) trading comfortably bullish above its 100-MA resistance region.
GLO is currently trading within the range 2045-2153, with the stock’s price above its key historical price levels.
ALI is currently consolidating within the range 28.20-29.60, with all indicators showing bullish sentiments.
BDO is currently trading within the range of 137.00-140.80, with the stock’s price rallying above the 50-MA and 100-MA lines.
The index closed at 6609.24 yesterday (+1.85%) within the range of 6484-6638, with all indicators exhibiting signs of bullishness.
DMC is seeing a consolidation phase around the 50-MA and 100-MA areas, trading within the 10.98-11.09 range.
BPI is currently trading within the range of 115.86-117.94.
Nope — still not a reversal! Looks like investors trimmed losses in yesterday’s session, dragging RLC on a breakdown.
The index closed on a high note on resistance levels yesterday at 6507.49 (+0.89%), with all indicators showing bullishness and stocks rallying.
Just signup below for free: