Technicals Talk: Metropolitan Bank and Trust Company (MBT) – 10 May 2024 by Regina Capital Development Corp.
MBT is currently sitting on 68.75 which is near its support at 68.00.
MBT is currently sitting on 68.75 which is near its support at 68.00.
The local bourse fell by 116.72 points and continued to move sideways after a rejection from MA100.
Our Target Price and recommendation for this stock is
PGOLD is currently seeing more bullish conditions with a sharp uptick in RSI which is now neutral at 44.75, improving from the recent oversold conditions, suggesting a potential bullish reversal supported by a positive crossover in MACD.
CNPF follows its uptrend as it continues to bounce at its support of P36 to create higher lows.
SCC currently fell below its ,oving averages and it continues to move to its support level of P29.00.
NIKL is currently exhibiting signs of bullish momentum.
The local bourse was rejected below 100-MA after it tried to break it last Monday.
Our Target Price and recommendation for this stock is
Our Target Price and recommendation for this stock is
Our recommendation and 1-year Target Price for this stock is
As the MACD began its positive crossover, JGS spiked further amidst strong buying demand.
ALI’s current trading range is between 26.95-29.00.
SM is presently trading in a narrow range as investors await more action towards the stock.
Coming from the two consecutive strong bullish candlesticks, the PSEi showed signs of profit taking as the local bourse concluded yesterday’s session flat at 6,574.88.
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