PSE Market Outlook (22 Jan 2024) by First Metro Securities
The PSEi dropped by -2.10% w-o-w after failing to break above the 6,700 resistance.
The PSEi dropped by -2.10% w-o-w after failing to break above the 6,700 resistance.
Participants might weigh whether supply pressure would prevail, or for sentiment to glide to Wall Street’s incline (DJIA +0.54%, Nasdaq Comp. +1.35%).
Potential support at 61.80% Fibonacci Retracement levels.
Sessions might round-up on the plus-side, as fund managers seize the recent dip to move in index-tied shares.
JGS sees a slight upward trend as shares have been rising in the past two months.
BLOOM resumes its decline after a brief breather yesterday.
AEV is currently in the process of forming a solid base.
WLCON has snapped its four-day losing streak, up by +1.35% to 22.50.
The index has closed in the red in yesterday’s trading, inching only a shy away into the 6,700 territory.
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
Our recommendation and 1-year Target Price for this stock is
Here’s a commentary on an important issue or event affecting the stock market
Our Target Price and recommendation on CEB
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