PSE Market Outlook (5 Jun 2023) by Regina Capital Development Corp.
The index closed slightly higher at 6,520.44 settling near 6,500.
The index closed slightly higher at 6,520.44 settling near 6,500.
URC shares fell on yesterday’s bearish market, closing the day down by -3.31%.
We suggest investors hold until the stock becomes oversold.
The index closed at 6,510.67, down -1.25% and is performing below its 50-d MA.
Our recommendation and 1-year Target Price for this stock is
AC shares are on an upward trend, trading above all of its MAs.
The index continues to move in a range as prices fall back to 6,560.
Our recommendation and 1-year Target Price for this stock is
Our recommendation and 1-year Target Price for this stock is
JFC has broken through its previous resistance levels. Shares are now trading above the 100-d MA.
After a huge pullback coming from 6,700 levels, the index is trying to regain its previous price levels by overtaking bear candles.
MWC shares have been on an upward trend, trading above the 20-peso range, above its 50- d MA of 19.10.
This could be a confirmation that the index will we ranging down back to
Inverse head and shoulder pattern at critical support levels.
MA 100 seems to be acting as a resistance at 6,683.43.
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