Technicals Talk: China Banking Corp. (CHIB) – 11 Mar 2024 by RCBC Securities
After rallying by 12% in February, CHIB’s share price has pulled back and is currently consolidating for almost a month.
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.
After rallying by 12% in February, CHIB’s share price has pulled back and is currently consolidating for almost a month.
CNVRG’s 100d MA has finally thrown in the towel.
One of the most actively traded stocks, as of writing, is SMPH.
Inverse head and shoulder pattern breakout.
Ascending triangle pattern.
Despite the drop in AEV’s price, the indicators remain bullish towards the stock.
Previous 50EMA trail resistance became support.
Uptrend Channel.
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.
Ascending triangle pattern.
Cup and handle pattern.
MER has performed exceptionally well, rising by almost 5% in yesterday’s trade.
URC already broke past its resistance, ending the trading day at 117.00.
AEV is currently on its 7th straight day of gains, rising to levels not seen since August 2023.
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