Technicals Talk: Megaworld Corp.(MEG) – 19 Jun 2023 by AP Securities
Recovering momentum on Stochastics.
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.
Recovering momentum on Stochastics.
The stock could prove appealing to investors should JGS be able to hold at support.
MEG shares have been consolidating within a range, making for some good trades for investors looking to trade sideways.
Potential breakout of downtrend channel.
Shares have been trading sideways in the last couple of trading days, performing below the 50-d MA.
Symmetrical triangle pattern.
Consolidating at 200EMA trail.
As the stock closes into the oversold area, investors should see an opportunity to
MONDE traded higher yesterday by 2.83% to close at 8.35.
AGI traded strong yesterday reaching its new 52-week high of 14.28 before closing at yesterday’s low of 14.00.
Ascending triangle pattern.
Recovering momentum on Stochastics.
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.
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