4 months Sideways trading amid absence of clear leads Manilatimes |Biz
THE stock market is expected to continue trading sideways this week over the lack of catalyst to buoy sentiment. In a comment over the weekend, P2P Trade Online sales associate Gabriel Jose Perez said market “could remain sideways in the near-term as the PSEi trades with a lack of clear immediate catalysts.” “Resistance is at the psychological round number of 8,000, while support is at the most recent low around 7,720,” he added.
This was also amid the ghost season, a Chinese belief where big-ticket investments are being avoided. Meanwhile, several companies are scheduled to announce their first-half ... more