Technicals Talk: Ayala Land, Inc. (ALI) – 12 Apr 2024 by Regina Capital Development Corp.
The heavy selling pressure dragged ALI’s price to 28.50 during the market open, touching its intraday low of 27.60.
The heavy selling pressure dragged ALI’s price to 28.50 during the market open, touching its intraday low of 27.60.
GTCAP has caught the attention of the bears. The stock fell -3.58% to 674.00 trailing only behind ALI as one of the most heavily hit stocks today.
The index finds itself deep into a downward trend as the index falls for its sixth straight day.
The bulls temporarily stopped BPI’s slump.
The current stock price of ICT is nearing its 20-d MA as the selling pressure gets heavier in yesterday’s session.
The appearance of three bearish candlesticks in SM’s chart suggests an increased likelihood that the stock’s price will soon reach its support level of 967.
The local bourse saw three black crows in yesterday’s trading session as the index slumped by -0.54% or -36.76pts to 6,827.06.
Our recommendation and 1-year Target Price for this stock is
Our recommendation and 1-year Target Price for this stock is
The bears are making strides to bring AP into the oversold region, as evidenced by the consistent decline in its price over the past few days.
Currently, DMC is down by -0.81% to 12.20 as profit takers lock in gains.
BDO briefly touched its support and 50-day MA (149.60) earlier today.
JFC shares continue to trade within a range, currently near its support.
The PSEi logged its third consecutive day of decline yesterday, causing the RSI to sink deeper into the bearish region.
The past month has seen the PSEi consistently trading with a range, unable to hold above the 7k threshold.
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