Wealth Securities analyst Michael Aragao said in a news briefing over the weekend the market was ripe for technical correction, following the uptick that started early this year.
"Pause in the rally is not the end in the rally. We have been saying that market is ripe for consolidation, correction and rotation shift from one stock to another. The market is forming new base before resuming rally." Aragao said.
|Source Institution||Securities and Exchange Commission|
|Place of Publication||Mandaluyong City|
|Original Publication Date||June 16, 2014|