Technicals Talk

BDO relinquished all its gains by the end of yesterday’s session, closing with a decline of -1.27% at 148.10.

Stochastics and RSI at oversold levels.

Flag Pattern breakout.

Following the formation of a double top pattern, GTCAP’s share price has sustained a continued decline, experiencing a loss of as much as 19% from its peak.

ACEN is currently seeing strong selling pressure trading in the 3.28-4.41 range, with price gradually dropping to levels drastically lower than that of recent years.

After Monday’s price decline, ICT kicked off Tuesday’s trading session with a notable gap down, further pushing the RSI into bearish territory.

The stock is pushing pre-pandemic resistance levels, trading within support levels in the 56.60-71.60 range with prices going up.

Following Monday’s bearish marubozu candlestick, the bears have managed to push JFC into the oversold territory.

Price above 200EMA.

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.