PSE Market Outlook (5 May 2023) by Regina Capital Development Corp.
The index continues to try to break above its resistance at 6,684. Support levels are at 6,621 and 6,440.
Regina Capital Development CorporationThe index continues to try to break above its resistance at 6,684. Support levels are at 6,621 and 6,440.
ALI shares have finally gone up after consolidating at 25-26 areas.
SM shares have risen strongly, closing now above all of its MAs.
The index continues to break above its previous resistance level with the index now finishing at 6,672 after a bullish run.
The index is trying to break above 6600 levels. Support levels are at
BLOOM had a huge gap up as investors speculate that the company will be included in the PSEI in its next rebalancing.
BDO shares continue to go up as it leads the banking sector.
The index is trying to break above 6,600 levels.
Our recommendation and 1-year Target Price for this stock is
Our recommendation and 1-year Target Price for this stock is
BDO was able to hold prices higher on closing.
AC shares fell significantly in yesterday’s trading.
The index closed slightly lower at 6,464.72 moving closer to its support of
Our recommendation and 1-year Target Price for this stock is
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