Technicals Talk: Bank of the Philippines Islands (BPI) – 2 May 2025 by Regina Capital Development Corp.
After a period of sideways movement, BPI surged by +5.26%, breaking well above major moving averages.
After a period of sideways movement, BPI surged by +5.26%, breaking well above major moving averages.
SMPH has been on a steady upward trajectory, rising by +6.33% and trading comfortably above its 50-MA and 100-MA.
Following two days of declines, MBT made a strong rebound, soaring by +6.51% and breaking above all key moving averages.
Following the doji from the previous day, the index gained +1.64%.
Sentiment might take its cue from expectations for possible 100bps rate cut from the Fed following frail 1Q GDP in the US (-0.3%).
AP remains under short-term bearish pressure, with price action rejecting a key resistance near 39.00 and retreating toward support around 36.50.
BDO gains +3.34% after huge sell-off on yesterday’s session, stock remains to trade above key MAs maintaining buy pressure.
URC gains strong bounce closing at 84.70 (+5.22%).
The index wrapped up the session relatively flat closing at 6,252.19 (+0.04%).
Gauges might finish on the plus-side, with latest headlines on tariff relief packages for the US auto industry, & Fitchโs affirmation of investment grade on the Philippines.
Our Target Price for ICT is
Our recommendation and 1-year Target Price for this stock is
Our Target Price and recommendation for this stock is
Our Target Price and recommendation for this stock is
Our Target Price for ICT is
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