Technicals Talk: SM Investments Corp. (SM) – 23 Aug 2023 by Regina Capital Development Corp.
SM pulls back as the index falls down to its lowest bearish levels this year.
SM pulls back as the index falls down to its lowest bearish levels this year.
If natural price action still follows, we may see a
The index closed lower at 6,212.39 with bears still heavily selling even with the index already at critical levels, ending the day nearer to
Our Target Price and recommendation for this stock is
Our recommendation and 1-year Target Price for this stock is
SCC remains a good pick as it displays market resilience among other names.
The index closed lower at 6,335.91 with bears still selling, ending the day with a doji candlestick.
ICT continues its range as the index falls down making this stock an attractive buy for investors for a chance at another run-up.
JFC starts to trend lower as bears sell with the index going down.
The index closed lower at 6,449.66 with bears still selling after lower-than-expected GDP data.
Our recommendation and 1-year Target Price for this stock is
Our recommendation and 1-year Target Price for this stock is
Despite the current downfall, SCC manages to sustain prices at current levels.
BDO starts to go up after the index went down.
The index closes higher at 6,576.76 with bulls being able to defend prices near 6,500 levels.
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