Technicals Talk: Monde Nissin Corp. (MONDE) – 18 Sep 2023 by RCBC Securities
MONDE closed lower at 8.30 last Friday, down by 1.19%.
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.
MONDE closed lower at 8.30 last Friday, down by 1.19%.
Ascending triangle pattern.
BPI continues its uptrend as the stock holds above 100 levels.
Previous breakout of 20EMA trail.
URC finished strong yesterday, up 3.42% to close at P121.00.
Price at critical support levels.
Symmetrical triangle pattern.
MONDE is trying to go back above to previous levels and is closely nearing its resistance at 8.00.
Potential double bottom levels.
Symmetrical triangle pattern.
DMC went up by 7% month-to-date resulting in a break above the 100-day moving average (MA) and is currently approaching the resistance at
Bullish divergence on RSI.
Bullish crossover on Stochastics from oversold levels.
FNI resumed its uptrend and gained around 6% after breaking out from its 2.50 resistance.
SMPH is becoming more volatile as prices starts to go lower.
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