Technicals Talk: Monde Nissin Corp. (MONDE) – 31 May 2023 by Regina Capital Development Corp.
We suggest investors hold until the stock becomes oversold.
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.
We suggest investors hold until the stock becomes oversold.
Multiple bullish hammers at previous gap levels.
Strong 50EMA trail.
Potential bounce at 61.80% Fibonacci retracement level.
PCOR broke out of the parallel channel last May 23 and rallied by as much as 22% from the breakout level.
AC shares are on an upward trend, trading above all of its MAs.
Recovering momentum on RSI and Stochastics.
After recording its new 52-week high at 156.50 on May 8, URC plummeted by 6.7% as of yesterday’s close at 146.00.
FGEN remains unchanged yesterday, closed at PHP 20.95 after reaching its new 52-week high and turned resistance of PHP
Potential breakout of ascending triangle patterns and 200EMA.
Ascending triangle pattern.
LTG reached its new 52-week high at 10.62 last May 11 and formed a
Breakout of consolidation.
52-week high levels.
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