Technicals Talk: JG Summit Holdings, Inc. (JGS) – 10 Jan 2024 by RCBC Securities
JGS bounced off near the resistance line of a rising channel and retreated yesterday after trading higher for three consecutive days.
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.
JGS bounced off near the resistance line of a rising channel and retreated yesterday after trading higher for three consecutive days.
After reaching its all-time high of 151.40 in mid-July last year, BDO pulled back and has been creating higher highs and lower lows but still respecting the 125.50 to 126.00 area as support.
Ascending triangle pattern.
ALI has been trending up after it bounced from the 26.20 previous low, gaining 30% from Nov-Dec 2023.
Settling with a gain of over +11%, AEV is back from the dead!
JFC traded slightly higher last Friday to close at 251.40, up by 0.64%.
SCC continues to be traded at a discount to its historical price levels.
ALI shares continue its upward trend, rising to 34.40.
Inverse head and shoulder pattern.
It appears that SM might be already at its peak as shares show signs of slight decline.
After three consecutive days of ascent, traders have started to profit-take on JFC.
Strong momentum on RSI and Stochastics.
Ascending triangle pattern.
Descending triangle pattern.
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