Stock in Focus: Aboitiz Power Corp. (AP) – 2 Sept 2024 by Regina Capital Development Corp.
Our recommendation and 1-year Target Price for this stock is
Our recommendation and 1-year Target Price for this stock is
Our Target Price and recommendation for this stock remains at
PLUS stocks pulled back yesterday, closing down -2.29% at 23.45, a move anticipated as RSI remains in overbought territory at 77.11.
ALI stocks are currently hitting a resistance level as yesterday’s trading session saw an uptick of +2.50% to 34.86 with conditions nearing oversold territory.
EMI stocks are in a consolidation phase, trading sideways between 18.66 and 18.86.
The index slipped -0.96% to 6,891.55, but momentum is still kicking, with RSI at a solid 60.43.
Participants are likely to be watchful on month-end closing, especially for prospective market-on-close (MOC) price action.
Our stock picks for the week
CNVRG continues its upward movement with the stock’s price rallying above all moving averages.
Expect volatile trades with the month-end portfolio closing, especially with the effectivity of MSCI’s rebalancing.
SM stocks are trading comfortably sideways along the bullish regions between 919.89-956.00.
BDO stocks are consolidating within the 147.00-154.00 range.
Yesterday’s bull trading session closed SMPH stocks at a resistance level, trading within a range of 29.70-31.16.
The PSEi narrowly inched towards the 7000s level yesterday closing up +0.16% to 6,973.41 as investors started to rebalance ahead of the end-of-month closing.
Another range-bound session is seen, as buyers position on intra-day dips to position in select shares poised to finish stronger this year.
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