Trade the News: BLOOM to launch online gaming soon
Take advantage of the price opportunity that might arise when the news hits. Trade the news!
Take advantage of the price opportunity that might arise when the news hits. Trade the news!
Take advantage of the price opportunity that might arise when the news hits. Trade the news!
Take advantage of the price opportunity that might arise when the news hits. Trade the news!
Take advantage of the price opportunity that might arise when the news hits. Trade the news!
Take advantage of the price opportunity that might arise when the news hits. Trade the news!
Our stock picks for the week
Similar trend from prior session might prevail, as investors shape their portfolio for the month-end repositioning.
The PSEi increased 2.19% w/w to 6,268.75 (+134.13pts), breaking past its 6,200 resistance as well as its 20-day and 50 -day moving averages (MA).
Continuity of Friday’s advance is seen, as countries worldwide prepare countervailing measures to weather-out uncertainties from the US-China tariff standoff.
GLO is in the midst of its fourth consecutive day of decline, falling by -2.24% to 1,965.
CNVRG experienced a modest intraday increase of +0.21%, fueled by positive momentum reflected in both the MACD and RSI.
URC surged +5.45% intraday, fueled by strong buying pressure, as reflected in the MACD and the RSI reaching overbought territory.
The index wrapped up the session with a doji candlestick at 6,158.48.
Expect volatile trades as April comes to a close, on month-end portfolio balancing.
Sentiment might take its cue from assurances of negotiations on the US-China tariff standoff, while heeding for 1Q corporate earnings guidance from largecaps.
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