Technicals Talk

The outlook for MER stock prices has been uncertain for traders, as the market has been staggering within the 350.50-376.90 range.

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.

ALI’s share price has been on a downtrend since reaching a peak at 37.65 on Feb 23, losing as much as 18%.

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.

50EMA trail support.

JFC broke down from its support at 246.00 or its 200-day EMA and closed at 242.00.

Yesterday, MONDE breached the 11.00 resistance level and filled the gap made from March 2023, ending the session at its new 52-week high of 56 and gained 37% YTD.

Price above 200EMA.

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.