PSE Market Outlook (18 Oct 2023) by Regina Capital Development Corp.
Fingers-crossed this is not a dead cat bounce! 🤞🏻
Fingers-crossed this is not a dead cat bounce! 🤞🏻
SMPH is currently on an upward trend, with shares edging closer to the stock’s 100-d MA.
One of the most actively traded stocks in GTCAP.
The PSEi saw some upward movement in yesterday’s trading as it closed at 6,280.
Our recommendation and 1-year Target Price for this stock is
The bulls are flocking towards DMC, causing the latter to spike by +4.25%.
The PSEi changed slightly in yesterday’s trading, as it looks to hold at its current range.
GTCAP snapped its three-day winning streak, as concluded trading Thursday down by over -3% at 570.00.
The PSEi tumbled below the 6200-level, with a candle that almost resembled a bearish marubozu candle.
Our Target Price and recommendation for this stock is
The stock has been going up after touching support with moving averages going strongly bullish together with momentum pointing sharply upwards.
The index closed at 6,385.32 as the index bounced back.
ALI starts to move back up after consolidating.
The index closed at 6,263.94 as the index bounced back.
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