PSE Market Outlook (13 Mar 2026) by 2TradeAsia
Profit-taking may continue, as sentiment glides with headlines on the Middle East.
Profit-taking may continue, as sentiment glides with headlines on the Middle East.
Recovery is likely to continue, having come off from its recent high, on supply situation assurances from fiscal and global authorities.
BPI edged up to 103.00, maintaining a downtrend structure and trading below key moving averages.
ALI edged up +0.52%, yet price action is still favoring sellers with price holding below the falling MAs and pressing near recent lows.
The index rebounded +2.01%, after a sharp drop and attempts to reclaim MA100 overhead resistance, stabilizing near key moving averages after a strong intraday recovery.
DD is on its third consecutive day of gains, climbing back above its 9-MA.
Market participants may get feelers for possible rebound, given Pres. Trump’s latest word that the conflict in Iran could end sooner.
The PSEi plunged by 4.40% w/w to 6,320.41 (-290.83 pts), below 20-day and 50-day moving average, while MACD has also crossed below the signal line indicating a bearing momentum.
Profit-taking may continue, as market participants assess fiscal guidance on near-, medium- & long-term contingencies to address volatile crude oil prices.
BDO edged up (+2.70), closing higher at 129.50, although still within the realms of its downtrend.
The index closed at 6380.53, up by 1.15%, rebounding as it remains within the short-term pullback.
Expect volatility, with WTI crude advancing above $80/barrel.
Volatility may continue, as market participants size-up fiscal preparations from the US/Israel-Iran conflict.
PLUS continues its uptrend as the price tests the 100MA, closing at 18.18, up 10.66%.
ICT closed +4.26% higher, resuming the textbook uptrend structure forming higher highs and higher lows, holding well above moving averages.
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