{"id":328238,"date":"2024-06-13T05:06:00","date_gmt":"2024-06-12T21:06:00","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=328238"},"modified":"2024-06-13T09:07:50","modified_gmt":"2024-06-13T01:07:50","slug":"pse-market-outlook-13-jun-2024-by-regina-capital-development-corp","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/pse-market-outlook-13-jun-2024-by-regina-capital-development-corp\/","title":{"rendered":"PSE Market Outlook (13 Jun 2024) by Regina Capital Development Corp."},"content":{"rendered":"\n

Today’s PSEi Outlook<\/h2>\n\n\n\n
Outlook on<\/strong><\/td>Philippine Stock Exchange index (PSEi)<\/td><\/tr>
Broker<\/strong><\/td>Regina Capital Development Corp.<\/td><\/tr>
Opinion Issued on<\/strong><\/td>13 Jun 2024<\/td><\/tr>
PSEi Support<\/strong><\/td>6,300<\/td><\/tr>
PSEi Resistance<\/strong><\/td>6,500<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

The PSEI is still clearly under the spell of the bears. The index has slipped below all its significant moving averages, signaling that the bulls are losing their grip and struggling to keep their heads above water. <\/p>\n\n\n\n

The MACD’s recent negative crossover is like a storm warning, suggesting that bearish momentum is picking up pace. The RSI, sitting at 41.30, indicates that while the index isn’t deeply oversold yet, it’s certainly not in bullish territory either. <\/p>\n\n\n\n

With these bearish signals flashing red, it\u2019s clear that selling pressure is dominating the scene. The bears have the upper hand, and the index may continue to decline. <\/p>\n\n\n\n

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

Our Partner Broker’s Recommendation<\/h2>\n\n\n\n

It’s wise to hold off on buying; waiting for lower levels could present a better entry point once the dust settles. <\/p>\n\n\n\n

Support: 6,300.00.<\/p>\n\n\n\n

Resistance: 6,500.00.<\/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 is still clearly under the spell of the bears.<\/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-328238","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\/328238","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=328238"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328238\/revisions"}],"predecessor-version":[{"id":328240,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328238\/revisions\/328240"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=328238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=328238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=328238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}