Technicals Talk: LT Group, Inc. (LTG) – 6 Jun 2023 by RCBC Securities
LTG gapped down from its 9.90 support last May 25 and hit a low of 9.35.
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.
LTG gapped down from its 9.90 support last May 25 and hit a low of 9.35.
Strong support at 38.20% Fibonacci Retracement levels.
Potential strong support at 38.20% Fibonacci retracement level.
Previous resistance became support.
Bullish hammer at critical support areas.
Strong bullish candle for a bounce.
SM settles lower on its upward range giving investors a chance to
ICT closed at 201.00, slightly below the 200-day EMA but still up by 3.08%.
URC shares fell on yesterday’s bearish market, closing the day down by -3.31%.
We suggest investors hold until the stock becomes oversold.
Breakout above 200EMA.
Multiple bullish hammers at previous gap levels.
Strong 50EMA trail.
Potential bounce at 61.80% Fibonacci retracement level.
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