PSE Market Outlook (3 Aug 2023) by 2TradeAsia
Sentiment might sway to Wall Street’s weakness, as some investors cash-out with the Ghost month season.
Sentiment might sway to Wall Street’s weakness, as some investors cash-out with the Ghost month season.
Price near bottom picking levels.
RSI and Stochastics at oversold levels.
The PSEi closed at 6,593.80, with bulls trying to defend prices near 6,600 levels.
Stochastics at extreme overbought levels.
Price at range resistance levels.
Selective buying might provide the boost on local gauges, as investors seize on this lull to position in equities.
Ascending triangle pattern.
Recovering momentum on RSI and Stochastics.
Inverse head and shoulder pattern breakout.
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
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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