Monthly Archives: July 2020

On Balance: Weekly Notes for July 6, 2020

Posted on July 6, 2020 by research

OUR VIEW FOR THE WEEK Trade cautiously as the local market test the validity of current levels amid economic recovery hopes and lingering COVID-19 risks. The challenge of the local bourse now is to sustain its ground above the 6,350 … Continue reading →

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On Balance: Daily Notes for July 3, 2020

Posted on July 2, 2020 by research

OUR VIEW Trade cautiously as hopes for coronavirus vaccine and economic recovery are expected to give boost to the market sentiment. 20-day and 50-day exponential moving average (EMA) are the PSEi’s dynamic support while resistance is peg around 6,567.00 level. … Continue reading →

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On Balance: Daily Notes for July 2, 2020

Posted on July 1, 2020 by research

OUR VIEW Short-term trading range would be from support of 6,100 to trend resistance of 6,220.00. Philippine manufacturing PMI data of 49.7, raises hopes for further economic recovery this month given the easing of lockdown measures. For the full research, … Continue reading →

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