PSE Market Outlook (5 Apr 2024) by Regina Capital Development Corp.
The local bourse saw three black crows in yesterday’s trading session as the index slumped by -0.54% or -36.76pts to 6,827.06.
The local bourse saw three black crows in yesterday’s trading session as the index slumped by -0.54% or -36.76pts to 6,827.06.
Our recommendation and 1-year Target Price for this stock is
Our recommendation and 1-year Target Price for this stock is
The bears are making strides to bring AP into the oversold region, as evidenced by the consistent decline in its price over the past few days.
Currently, DMC is down by -0.81% to 12.20 as profit takers lock in gains.
BDO briefly touched its support and 50-day MA (149.60) earlier today.
JFC shares continue to trade within a range, currently near its support.
The PSEi logged its third consecutive day of decline yesterday, causing the RSI to sink deeper into the bearish region.
The past month has seen the PSEi consistently trading with a range, unable to hold above the 7k threshold.
Presently, BLOOM has ended yesterday at its intraday high, closing at 11.40.
AC seems to have found its support as AC held a strong support at its 200-d MA of 647.00.
The PSEi saw a relatively strong market in yesterday’s trade, rising by +1.55% to 6963.22 at the end of trading.
Our recommendation and 1-year Target Price for this stock is
Our recommendation and 1-year Target Price for this stock is
Our recommendation and 1-year Target Price for this stock is
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