{"id":323376,"date":"2023-05-29T05:06:00","date_gmt":"2023-05-28T21:06:00","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=323376"},"modified":"2023-05-29T09:13:04","modified_gmt":"2023-05-29T01:13:04","slug":"pse-market-outlook-29-may-2023-by-regina-capital-development-corp","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/pse-market-outlook-29-may-2023-by-regina-capital-development-corp\/","title":{"rendered":"PSE Market Outlook (29 May 2023) by Regina Capital Development Corp."},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"397\" src=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-content\/uploads\/2023\/05\/Screen-Shot-2023-05-29-at-9.11.42-AM-1024x397.png\" alt=\"\" class=\"wp-image-323377\" srcset=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-content\/uploads\/2023\/05\/Screen-Shot-2023-05-29-at-9.11.42-AM-1024x397.png 1024w, https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-content\/uploads\/2023\/05\/Screen-Shot-2023-05-29-at-9.11.42-AM-768x297.png 768w, https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-content\/uploads\/2023\/05\/Screen-Shot-2023-05-29-at-9.11.42-AM-1536x595.png 1536w, https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-content\/uploads\/2023\/05\/Screen-Shot-2023-05-29-at-9.11.42-AM-2048x793.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Today&#8217;s PSEi Outlook<\/h2>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Outlook on<\/strong><\/td><td>Philippine Stock Exchange index (PSEi)<\/td><\/tr><tr><td><strong>Broker<\/strong><\/td><td>Regina Capital Development Corp.<\/td><\/tr><tr><td><strong>Opinion Issued on<\/strong><\/td><td>29 May 2023<\/td><\/tr><tr><td><strong>PSEi Support<\/strong><\/td><td>6,500<\/td><\/tr><tr><td><strong>PSEi Resistance<\/strong><\/td><td>6,630<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>The index continues to move in a range as prices fall back to 6,560. It seems that as moving averages get mixed, price action follows by consolidating downwards. <\/p>\n\n\n\n<p>MACD is currently on a sell signal with RSI also pointing downwards. Selling pressure is also starting with volatility going down. This could be an indicator of a continuation to below 6,500 tomorrow if current prices do not hold. <\/p>\n\n\n\n<p>If it does ever bounce back, then we can say that the index is going back again to 6,700 in an upward range. <\/p>\n\n\n\n<p>Support: 6,500.<\/p>\n\n\n\n<p>Resistance: 6,630.<\/p>\n\n\n\n<p><strong>Technical Indicators<\/strong>: <\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>MACD<\/strong> &#8211; Histograms showing bearish sell signals<\/li>\n\n\n\n<li><strong>DMI<\/strong> &#8211; The +DI, -DI, and ADX on a huge selling pressure <\/li>\n\n\n\n<li><strong>RSI<\/strong> &#8211; On bearish levels<\/li>\n<\/ul>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Our Partner Broker&#8217;s Recommendation<\/h2>\n\n\n\n<p>Trade the range.<\/p>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p style=\"font-size:16px\"><em><em><em>This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about <a href=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/our-partner-brokers\/\">our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The index continues to move in a range as prices fall back to 6,560. <\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-323376","post","type-post","status-publish","format-standard","hentry","category-market-outlook","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/323376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=323376"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/323376\/revisions"}],"predecessor-version":[{"id":323379,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/323376\/revisions\/323379"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=323376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=323376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=323376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}