Technicals Talk: LT Group, Inc. (LTG) – 26 Jun 2024 by Regina Capital Development Corp.
LTG is trading within a range of 9.91-10.04, with an RSI of 41.33, indicating a bearish momentum without reaching oversold conditions.
LTG is trading within a range of 9.91-10.04, with an RSI of 41.33, indicating a bearish momentum without reaching oversold conditions.
AEV is trading within a range of 37.02-39.38, with an RSI of 42.33 on a downturn, indicating weakening momentum.
The index closed at 6299.05, within a range of 6272.46-6307.51.
Local equities may continue to advance for the third straight session, as some investors position in select large-caps.
Participants are likely to monitor continuity of yesterday’s recovery, especially for select sectors that led the rise (I.e., property & services).
ICT closed sharply bearish at 316.00, down -5.56% with a range of 316.00-341.16.
The PSEi closed sharply at 6158.48, a volatile session within 6158.48-6394.33.
Caution might be the main theme this week with the quarter-end portfolio closing.
The PSEi rose by 1.33% w/w to close at 6,518.76 (+85.66 pts).
Sentiment might take its cue from DJIA’s ascent, on prospects for the Fed’s policy easing & reports of accommodative policies from China.
Participants might bid for time to check on turnover improvement, supporting local benchmark’s sideways movement.
BPI has been on a steady downtrend since mid-January and has settled just above its major support at PHP
SCC has been bearish, trading within the 31.65-32.18 range.
BLOOM is showing clear bearish signals across multiple indicators, with a range of 9.96-10.24.
EMI closed at 18.80, with a range of 18.74-19.01, accompanied by mixed indicators.
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