Technicals Talk: DigiPlus Interactive Corp. (PLUS) – 9 May 2025 by Regina Capital Development Corp.
PLUS is in a continuous upward trend, increasing by 0.12%.
PLUS is in a continuous upward trend, increasing by 0.12%.
ALI dipped -2.29% to close at P23.45, continuing its decline from recent highs as selling pressure builds.
Following a short climb, the PSEi fell -1.17%.
Participants may continue to parse through 1Q results, as well as forward guidance from select large caps.
From inflation, attention would shift to 1Q25 GDP data, expected to be released Thursday.
MER pumps +2.06% following the uptrend, signaling a potential short-term rally after 2 sessions in the red.
BLOOM surges +9.97% as bullish momentum builds following a strong rebound from its downtrend.
Following a strong continuation of the recent uptrend, the PSEi edged higher and consolidated near the 6,500 mark.
The market might be receptive to April’s inflation (1.4% vs March’s 1.8%), & likely to switch attention to the local central bank’s policy response.
Similar pattern may be seen, as fund managers await for results from the Fed’s policy meeting.
AC wrapped up the week with its second consecutive green session, signalling renewed bullish enthusiasm.
The PSEi increased 2.28% w/w to 6,411.86 (+143.11pts), breaking past its 6,400 resistance as well as its 20-day, 50- day, and 100-day moving averages (MA).
Market’s attention might sway to the Fed’s policy move on 06-07 May meeting, plus the release of Philippine 1Q GDP on 08 May.
After a period of sideways movement, BPI surged by +5.26%, breaking well above major moving averages.
SMPH has been on a steady upward trajectory, rising by +6.33% and trading comfortably above its 50-MA and 100-MA.
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