{"id":327004,"date":"2024-03-04T05:04:00","date_gmt":"2024-03-03T21:04:00","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=327004"},"modified":"2024-03-04T09:08:58","modified_gmt":"2024-03-04T01:08:58","slug":"pse-market-outlook-4-mar-2024-by-first-metro-securities","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/pse-market-outlook-4-mar-2024-by-first-metro-securities\/","title":{"rendered":"PSE Market Outlook (4 Mar 2024) by First Metro Securities"},"content":{"rendered":"
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\"\"<\/figure><\/div>\n\n\n
<\/div>\n\n\n\n

Today\u2019s PSEi Outlook<\/h2>\n\n\n\n
Outlook on<\/strong><\/td>Philippine Stock Exchange index (PSEi)<\/td><\/tr>
Broker<\/strong><\/td>First Metro Securities<\/td><\/tr>
Opinion Issued on<\/strong><\/td>4 Mar 2024<\/td><\/tr>
PSEi Support<\/strong><\/td>6,900 \/ 6,700<\/td><\/tr>
PSEi Resistance<\/strong><\/td>7,000 \/ 7,100<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

The PSEi ended the week flat at 6,919 (+6.38pts; +0.09%). The benchmark index started the volatile week in the red but recovered at the latter part of the week amid MSCI quarterly rebalancing, trading above the 7,000 resistance level. <\/p>\n\n\n\n

However, the rally was not sustained as it was limited by role reversal around 7,000 level. <\/p>\n\n\n\n

Nevertheless, the PSEi is still trading above key moving averages (50-day, 100-day, and 200-day) with RSI and MACD still trending upwards. <\/p>\n\n\n\n

If the bulls continue to dominate, the PSEi could once again retest next resistance levels around 7,000 and 7,100. Otherwise, if the bears take over, it can retrace next support levels at 6,900 to 6,700. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Recommendation<\/h2>\n\n\n\n

Trade cautiously as the market is treading near overbought levels with RSI at 63. <\/p>\n\n\n\n

Lighten up if the PSEi pulls back and breaks below 6,700 support level.<\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The PSEi ended the week flat at 6,919 (+6.38pts; +0.09%).<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-327004","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\/327004","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=327004"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/327004\/revisions"}],"predecessor-version":[{"id":327007,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/327004\/revisions\/327007"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=327004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=327004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=327004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}