Technicals Talk

Yesterday, GTCAP broke out of the 667-670 resistance area on above average volume gaining 3.88% and closed at its 3-year high of 683.00.

MONDE traded higher last Friday, up by 7.29% to close at 9.42.

Inverse head and shoulder pattern.

Looking at the chart, the overextension of DMC’s rally does not seem to bother the bulls.

50EMA trail resistance levels.

MER is on its sixth day of decline and is currently trading below its 50d and 100d MAs.

Symmetrical triangle pattern.

Uptrend channel.

After rising by as much as 13% in December 2023, AC has been trending down with its 100-D EMA acting as support.

MWC is presently having a substantial decline, indicating a strong presence of bearish sentiment as the bears seize control of the market.

Previous resistance is a potential support.

BLOOM’s recent price action shows an interesting technical picture as the stock moves in a steady upturn.

ICT ended yesterday’s trading down -2.03% at 241.00 — snapping its 3-day ascent.

BLOOM continued to trend upwards and closed higher yesterday at 11.40.

Strong confluence of support at 100EMA trail.