Trade the News: MER to seek ERC approval of SMC power deal
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!
Sessions may remain choppy as investors gauge the momentum of today’s rebound.
Our stock picks for the week
PX continues its uptrend, having an intraday increase of +0.58%.
RCR continues to hover above all key MAs, despite its intraday decline by -0.16% to 6.09.
PSEi continues sideways, wherein its intraday price slips by -0.52%, closing at 6,064.16, with stock remaining below all key MAs.
RLC closed last friday below all key moving averages, and down by -0.64%.
Investors will be weighing general response to the local central bank’s surprise move to cut banks’ reserve requirement by 200bps to 5%, versus Wall Street’s weaker trail Friday.
CNVRG declined by -3.56% intraday but continues to trade above its medium and long-term MAs.
MER remains on an uptrend but faced resistance at 508.00, leading to a -2.00% intraday pullback.
After recent attempts at recovery, the PSEI slipped by -0.87% intraday.
Range-bound session is seen, as participants monitor supply pressure on rallies.
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