Technicals Talk: Metropolitan Bank and Trust Company (MBT) – 20 Mar 2024 by Regina Capital Development Corp.
The chart signals a clear breakout as the bulls dictate the stock’s momentum.
The chart signals a clear breakout as the bulls dictate the stock’s momentum.
The PSEi finished relatively flat yesterday as the market saw mixed movement and high volatility among index members.
AEV is currently fluctuating within a range of 38.18 to 42.56.
The stock’s 50-d MA looks to hold relatively flat as JGS sees low volatility.
Continuing its ascent, SM has reached its fresh 52-week high of 995.50 yesterday.
Looks like the demand still hasn’t faltered yet!
The local bourse managed to settle higher by +0.11% to 6,878.49, albeit ended on a red inverse hammer.
CNVRG’s 100d MA has finally thrown in the towel.
One of the most actively traded stocks, as of writing, is SMPH.
Despite the drop in AEV’s price, the indicators remain bullish towards the stock.
The PSEi dipped for the third consecutive day yesterday, settling at 6837.34, down by -0.60%.
Our Target Price and recommendation for DNL is
CNPF managed to reverse its intraday losses as it closed yesterday’s session up by +0.55% at 36.50.
WLCON bounced off its 100-day moving average and support at 21.46 as of writing.
The local bourse concluded trading Tuesday in the red, logging a decline of -0.66%, settling at 6,905.46.
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