{"id":327281,"date":"2024-03-25T05:04:00","date_gmt":"2024-03-24T21:04:00","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=327281"},"modified":"2024-03-25T09:27:09","modified_gmt":"2024-03-25T01:27:09","slug":"pse-market-outlook-25-mar-2024-by-first-metro-securities","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/pse-market-outlook-25-mar-2024-by-first-metro-securities\/","title":{"rendered":"PSE Market Outlook (25 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>25 Mar 2024<\/td><\/tr>
PSEi Support<\/strong><\/td>6,700 \/ 6,400<\/td><\/tr>
PSEi Resistance<\/strong><\/td>6,900 \/ 7,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

The PSEi picked up by +0.87 w-o-w to close at 6,881.97. The benchmark index attempted to break above 6,900 and the 20-day moving average (MA) but this was not sustained at the end of the week. <\/p>\n\n\n\n

The index is still trading near 6,900 to 7,000 key resistance levels, which may indicate a period of indecision for the market. Nevertheless, positive momentum is still intact as the PSEi continued to trade above key moving averages (50-day, 100-day, and 200-day). <\/p>\n\n\n\n

If the bulls continue to dominate, the PSEi could once again retest next re- sistance levels around 6,900 and 7,000. Otherwise, if the bears take over, it can retrace next support levels at 6,700 to 6,400. <\/p>\n\n\n\n

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

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

Watch out for possible basing which could provide trading opportunities. <\/p>\n\n\n\n

For those who plan to increase exposure, consider tranche buying around identified support areas (6,700, then 6,400).<\/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 benchmark index attempted to break above 6,900 and the 20-day moving average (MA) but this was not sustained at the end of the week. <\/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-327281","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\/327281","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=327281"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/327281\/revisions"}],"predecessor-version":[{"id":327284,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/327281\/revisions\/327284"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=327281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=327281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=327281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}