PSE Market Outlook (10 Nov 2023) by 2TradeAsia
Share prices would balance-off stronger-than-estimated 3Q GDP with the Fed’s reiteration to keep monetary policies tight to meet their inflation goal.
Share prices would balance-off stronger-than-estimated 3Q GDP with the Fed’s reiteration to keep monetary policies tight to meet their inflation goal.
Here’s a commentary on an important issue or event affecting the stock market
Market investors will get feelers on 3Q23 GDP results (from +4.3% in 2Q23), and balance prospects towards 2024.
Bullish engulfing pattern.
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.
Follow-through response to tamer inflation in October might support sequel buying in equities.
ACEN closed at 5.45 yesterday, up by 1.30%. The stock is forming
Potential descending triangle pattern.
AC has been trading sideways between the 600.00 to 630.00 range for 2 months now and currently hovering below its 100-day MA which has been acting as resistance since mid-June.
MER has logged an intraday high of 368 today. However, some profit-takers came out causing the gains on MER to get trimmed down.
The PSEi bounced back by +0.46% w-o-w, after hitting a year-to-date low the previous week.
Here’s a commentary on an important issue or event affecting the stock market
Here’s a commentary on an important issue or event affecting the stock market
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