Technicals Talk: Universal Robina Corp. (URC) – 20 Mar 2024 by Regina Capital Development Corp.
URC is on its fourth consecutive day of decline, and after yesterday’s trading session saw the RSI drop deep into the oversold region.
Technicals Talk reports contain our partner brokers’ technical analyses of select PSE stocks. Technical Analysis relies on trends and price movements and is typically used when doing short-term or day trading.
URC is on its fourth consecutive day of decline, and after yesterday’s trading session saw the RSI drop deep into the oversold region.
The chart signals a clear breakout as the bulls dictate the stock’s momentum.
100EMA trail support.
Potential Gap-fill.
AEV is currently fluctuating within a range of 38.18 to 42.56.
Ascending triangle pattern.
Inverse head and shoulder pattern breakout.
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!
SCC moved up for two consecutive days after it bounced from a pullback to its short-term support at 33.50 last week.
Inverse head and shoulder pattern.
Inverse head and shoulder pattern breakout.
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