Note, however, that yesterday’s candlestick looks bearish.
Participants might be on a wait-and-see mode following prior session’s performance, as most might seize on the latest strength to cash-out.
Continued momentum is seen, as the PSEi tests scoring near the 7,200 mark.
Again, the index is still flirting with the overbought region, so we can’t consider this a correction just yet.
Movements might stay range-bound for now, pending clear catalysts from the Fed’s next move on its widely-tracked interest rate.
The PSEi rallied for the fifth straight week complemented by strong volume and net foreign buying.
At this point, it looks like the index is consolidating already. We can’t rule out a
Activity might stay range-bound, as the market builds a sturdier base above the 7,000 zone.
Participants might get feelers on local gauges’ sequel ascent, especially with weak US retail sales & factory production data in December.
The local bourse managed a feat that took us all by surprise this week! It broke out of the crucial, psychological 7k resistance and was actually
Another range-bound trend might be seen, with possible last-minute boost on select large caps.
Sideways movements are seen, as participants heed for other catalysts that would support sequel ascents.
At this point, the only thing that we need to be wary about is
The PSEi surged anew complemented by strong volume. The market is now heading towards
Sequel rallies are seen, following Friday’s strong incline led by large caps.
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