PSE Market Outlook (23 Apr 2024) by 2TradeAsia
Local equities might take its cue from Wall Streetās upbeat trend, as participants await the release of more 1Q earnings report.
Local equities might take its cue from Wall Streetās upbeat trend, as participants await the release of more 1Q earnings report.
GTCAP stocks are currently experiencing significantly weak momentum, trading within
The index closed last week showing extreme bearishness, having dipped below all significant moving averages but is now consolidating around the 200-day MA, suggesting
FGEN maintained its positive momentum, closing yesterday’s session with a gain of +1.05% at 19.30, forming a doji candlestick pattern.
Flag Pattern breakout.
Stochastics and RSI at oversold levels.
BDO relinquished all its gains by the end of yesterday’s session, closing with a decline of -1.27% at 148.10.
Following the formation of a double top pattern, GTCAP’s share price has sustained a continued decline, experiencing a loss of as much as 19% from its peak.
Yesterday, the local stock market staged a notable recovery, surpassing the 6500 level for the second consecutive day.
Local equities may continue to reinforce its strength, given the latest trend.
Market participants will monitor continuity of the local bourseās recent recovery, possibly back to 6,500.
Hereās a commentary on an important issue or event affecting the stock market
Hereās a commentary on an important issue or event affecting the stock market
Hereās a commentary on an important issue or event affecting the stock market
Hereās a commentary on an important issue or event affecting the stock market
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