Technicals Talk: Metropolitan Bank and Trust Company (MBT) – 6 Dec 2023 by Regina Capital Development Corp.
The stock has been plagued by sellers again which drove the indicators deeper into the bearish 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.
The stock has been plagued by sellers again which drove the indicators deeper into the bearish region.
ICT ended strong yesterday up by 4% and closed at its 52-week high of 228.80.
Descending triangle pattern.
AP seems to be acting like a contrarian of the index, as the former is up by +1.08% while the latter is bleeding.
Cup and handle pattern.
After the three marching soldiers in the prior trading sessions, SM has been on a steep correction in yesterday’s trading day.
After reaching its 3-yr low at 27.70 on Sept 20, SMPH’s share price rebounded and has been rising slowly.
URC traded higher for 6 consecutive days after it bounced from its support at 108.50.
RSI near overbought territory.
Ascending triangle pattern.
JFC’s share price declined by as much as 21% after reaching its 52-week high at 261.40.
AC broke out from its resistance at 629.00 to close at 647.00 last Friday.
Price at critical support.
Price at a medium-term sideways trend.
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