Technicals Talk: Aboitiz Equity Ventures, Inc. (AEV) – 3 Jan 2024 by Regina Capital Development Corp.
Settling with a gain of over +11%, AEV is back from the dead!
Regina Capital Development CorporationSettling with a gain of over +11%, AEV is back from the dead!
Opening 2024 with a bang, the index concluded the 1st trading day of the year in the green.
SCC continues to be traded at a discount to its historical price levels.
ALI shares continue its upward trend, rising to 34.40.
Today mark’s the final trading day of the year, with the PSEi closing the penultimate trading day of the year up by +0.87% to 6,519.
It appears that SM might be already at its peak as shares show signs of slight decline.
After three consecutive days of ascent, traders have started to profit-take on JFC.
The PSEI has sustained its upward momentum, demonstrating resilience with its fourth consecutive day in the green.
Our Target Price and recommendation for DNL is
BLOOM banked today’s trading session, leading the index members with a gain of +3.02% at 9.90.
Shares saw selling pressure build up as the stock failed to breach through its resistance.
Rebounding after plunging below the 6200 level, the index managed to close yesterday’s session with a gain of +1.03% at 6,292.39.
The stock has been plagued by sellers again which drove the indicators deeper into the bearish region.
The PSEi registered gains as investors took note of the better-than-expected CPI print released prior to trading.
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