Technicals Talk: Ayala Land, Inc. (ALI) – 21 Feb 2024 by AP Securities
Previous 100EMA trail resistance became support.
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.
Previous 100EMA trail resistance became support.
Potential Cup and Handle pattern.
After several attempts since last month, DNL finally broke above the 200-D moving average (MA) last Friday, gaining 3.95% and formed a rounding bottom pattern which suggests that a trend reversal to the upside is highly likely.
MONDE logged its 13th straight trading day in the greens, RSI levels are hitting the roof, levels at 85.79.
Potential inverse head and shoulder pattern.
Bearish divergence on RSI.
DMC’s share price has been trending up since the start of 2024 and gained 14% YTD.
CNVRG has finally broken the double digit resistance as shares are now trading at levels last seen four months ago.
The stock has experienced a sustained upward trend for over 5 consecutive days.
Potential inverse head and shoulder pattern.
DNL pulled back yesterday, down by 0.60%, to close at 6.66.
Potential support at 20EMA trail.
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