Technicals Talk: BDO Unibank (BDO) – 6 Mar 2026 by Regina Capital Development Corp.
BDO edged up (+2.70), closing higher at 129.50, although still within the realms of its downtrend.
BDO edged up (+2.70), closing higher at 129.50, although still within the realms of its downtrend.
The index closed at 6380.53, up by 1.15%, rebounding as it remains within the short-term pullback.
Expect volatility, with WTI crude advancing above $80/barrel.
Volatility may continue, as market participants size-up fiscal preparations from the US/Israel-Iran conflict.
PLUS continues its uptrend as the price tests the 100MA, closing at 18.18, up 10.66%.
ICT closed +4.26% higher, resuming the textbook uptrend structure forming higher highs and higher lows, holding well above moving averages.
MER plunged -2.40% down after trading sideways the past trading days yet stays above key moving averages.
The index edged up +0.29% higher after retracing into previous breakout levels, hovering above key moving averages.
Another range-bound session is seen, as market participants debate on the extent of the ongoing conflict in US/Israel-Iran.
BPI closed at 118.50, lower by 0.42% as it consolidates below 200MA.
MBT closed -1.41% lower, retracing after the rally, continuing to trade well-above key moving averages.
The index closed at 6625.46, up 0.08%, as it continues its 4-day uptrend, trading comfortably above key moving averages.
Expectations of improved economic momentum for 2026 might aid increased buying at the local bourse, alongside possibilities for additional monetary plus fiscal stimulus.
Rises may continue, given the solid momentum build-up in net foreign buying for local equities.
DMC experienced a slight reversal after 3 consecutive days of gains, closing below key MAs.
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