Technicals Talk: SM Prime Holdings, Inc. (SMPH) – 28 Feb 2024 by Regina Capital Development Corp.
Shares have been falling for the past couple of weeks.
Shares have been falling for the past couple of weeks.
The local bourse ended the trading session down by -0.45% to 6,861.
The buying pressure of GTCAP does not seem to falter despite signs of being overbought as the stock reached another 52-wk high last week.
The uptrend for BLOOM still hasn’t faltered yet as the stock rose by +2.48% to 11.58 in yesterday’s trading day.
Shares have been consolidating within a range as the stock’s 50-d MA catches up with the share’s LTP.
The local bourse ended the trading session with a +0.08% uptick, reaching 6,903.15.
BPI is once again at the overbought region with shares sustaining its upward trend since the start of the year.
After days of bathing in the overbought region, it seems like the long-awaited price correction is bound to happen sooner than later.
The PSEi settled higher by +0.62% to 6,897.36 yesterday as the bears fled the bourse.
CREIT appears to be consolidating within a sideways trend, taking a breather around its 20-d MA.
MONDE logged its 13th straight trading day in the greens, RSI levels are hitting the roof, levels at 85.79.
Our Target Price and recommendation for this stock is
Our recommendation and 1-year Target Price for this stock is
CNVRG has finally broken the double digit resistance as shares are now trading at levels last seen four months ago.
The stock has experienced a sustained upward trend for over 5 consecutive days.
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