PSE Market Outlook (23 Sep 2024) by First Metro Securities
The PSEi surged 3.27% w/w to close at 7,252.32 (+229.47pts).
The PSEi surged 3.27% w/w to close at 7,252.32 (+229.47pts).
PGOLD is heading for another upturn!
ALI has closed with green candles for the 3rd consecutive day this week, reaching 36.10 intraday and moving beyond its 50-MA.
ICT closed with a red candle above its 50-MA, but lower than its 9-MA.
As of the moment, SMPH is currently pursuing an upward climb, rallying above its 50-MA and reaching 33.15 intraday.
The PSEI closed at the 7,200 level for the first time this week, and currently maintaining a steady upward climb.
The market might take its cue from Wall Street’s incline (DJIA +1.26%, Nasdaq Comp. +2.51%) as expectations build for a new cycle of monetary policy easing with the Fed’s rate cut move.
Here’s a commentary on an important issue or event affecting the stock market
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!
Our Target Price and recommendation for this stock is
Our Target Price and recommendation for this stock is
Our recommendation and 1-year Target Price for this stock is
Our recommendation and 1-year Target Price for this stock is
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