PSE Market Outlook (16 Jan 2023) by 2TradeAsia
Sequel rallies are seen, following Friday’s strong incline led by large caps.
Sequel rallies are seen, following Friday’s strong incline led by large caps.
MPI has steadily traded upward since mid-December and mounted a sharp rally last Tuesday, up 18%.
MONDE recently broke out of its 100-day EMA and 13.20 resistance area after bottoming out at
Bearish divergence on RSI.
Price near critical resistance levels.
Participants might take their lead from the latest month-on-month slide in US consumer prices, which would support
LTG extended its rally after it broke out of the Inverse Head and Shoulders pattern and is poised to retest the resistance at PHP
It may continue to be on bearish mode with its MACD showing increasing signs of
Recovering momentum on Stochastics.
Overall, the main tide would center on inflation data in the US, which is seen to slow following prior months’ advance.
Our Target Price and recommendation for this stock is
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CNPF continued to trade on a downward bias after it formed a double top pattern at PHP
Breakout of downtrend channel.
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