Technicals Talk: Manila Electric Company (MER) – 21 Aug 2024 by Regina Capital Development Corp.
MER stocks saw a surge in price levels last Friday and are now currently consolidating along a range of 414.00-429.00.
MER stocks saw a surge in price levels last Friday and are now currently consolidating along a range of 414.00-429.00.
BLOOM is currently pointing signs towards a trend reversal, mildly recovering to the 8.00s region after seeing continuous bears in the past weeks.
The PSEi closed around the mid-6900s at 6944.76 (+0.80%).
Our recommendation and 1-year Target Price for this stock is
NIKL is still on a downtrend, with the stock trading below all major moving averages and bearish signals across technical indicators.
SMPH stocks are currently bullish, hitting resistance levels, trading within a range of 27.97-30.70.
JFC is currently seeing a breakout with stocks reaching the 240s zone, possibly nearing overbought conditions.
The PSEi closed just below the 6700s levels at 6692.91 (-0.18%).
Our Target Price and recommendation for this stock remains at
Our recommendation and 1-year Target Price for this stock is
PGOLD stocks are currently on resistance levels and yesterday’s trading session closed with a pullback with a bullish hammer.
FLI is currently trading under all its key moving averages, showing it’s struggling to gain any upward traction.
AP stocks are seeing better upwards movement breaching its 50-MA low.
After several months of sideways trading, FB recently broke above its previously established resistance and rallied above its 50-MA, closing at 47.75 yesterday.
SCC stocks saw a huge dip, now trading sideways along its 200-MA support, price ranging between 31.75-32.32.
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