PSE Market Outlook (15 Nov 2023) by Regina Capital Development Corp.
The PSEi showed higher volume for yesterday compared to the day prior.
Regina Capital Development CorporationThe PSEi showed higher volume for yesterday compared to the day prior.
Shooting star pattern.
With the prior rally, JFC seems to be cooling down as it ended at 218.40 yesterday.
The PSEI showed strength once again as it added +33.19pts or +0.54%, ending at 6,188.22 in yesterday’s trade.
In our view, SMPH could now take off anytime soon. Intraday, the stock fell until
Inverse head and shoulder pattern breakout.
The local bourse successfully rallied for the second straight day as the technical bounce in the market remained strong.
MER has logged an intraday high of 368 today. However, some profit-takers came out causing the gains on MER to get trimmed down.
Our recommendation and 1-year Target Price for this stock is
Our recommendation and 1-year Target Price for this stock is
AGI failed to flip its trend upside down yesterday, which is likely going to be the same case today.
Range trade over? BPI is close to trading below 100 and in the double digit levels as shares see sustained selling pressure.
To break below 6k levels?
Last week, MER reached another 52-wk high!
The PSEi ended Friday at 6,142.90 (down by -1.23% or -76.26pts), breaking the 62H threshold.
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