Technicals Talk: Manila Water Company (MWC) – 18 Jun 2025 by Regina Capital Development Corp.
MWC surged by +8.29% to close at 37.90, breaking above previous resistance levels.
MWC surged by +8.29% to close at 37.90, breaking above previous resistance levels.
ICT closed flat at 416.00, consolidating near recent highs following a strong rally.
The PSEi edged by +0.17% to close at 6,369.19.
EW is showing signs of short-term weakness following a failed attempt to sustain its prior uptrend.
BPI closed at 138.5, up by 0.44%, reflecting slight upward movement after a relatively quiet stretch.
PLUS surged to 65, marking a strong +6.38% gain, reflecting a solid bullish momentum.
The PSEi closed at 6,381.32, up by +0.53%, but the indicators present a mixed picture.
Follow-through buying is seen, given favorable backdrop at the macro front.
CNVRG closed at 20.30, losing 5.14%.
BDO closed at 156.2, losing 1.08%.
The PSEi closed at 6,347.67, losing 0.91%.
Participants may be watchful for possible continuity of supply pressure, given prior session’s trend.
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