PSE Market Outlook (15 Apr 2024) by First Metro Securities
If the bulls dominate, the PSEi could once again retest next resistance levels around 6,700 and 6,800.
If the bulls dominate, the PSEi could once again retest next resistance levels around 6,700 and 6,800.
Market participants will monitor continuity of Friday’s supply pressure, especially with softer gauges from Wall Street & crude’s ascent as a result of geopolitical headlines.
The outlook for MER stock prices has been uncertain for traders, as the market has been staggering within the 350.50-376.90 range.
The heavy selling pressure dragged ALI’s price to 28.50 during the market open, touching its intraday low of 27.60.
GTCAP has caught the attention of the bears. The stock fell -3.58% to 674.00 trailing only behind ALI as one of the most heavily hit stocks today.
The index finds itself deep into a downward trend as the index falls for its sixth straight day.
Recovery angles are seen, as the PSEi reverts back to 6,800-6,850 zone.
Here’s a commentary on an important issue or event affecting the stock market
Here’s a commentary on an important issue or event affecting the stock market
Here’s a commentary on an important issue or event affecting the stock market
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
Our Target Price and recommendation on CEB
ALI’s share price has been on a downtrend since reaching a peak at 37.65 on Feb 23, losing as much as 18%.
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