Technicals Talk: Petron Corp. (PCOR) – 29 May 2022 by RCBC Securities
PCOR broke out of the parallel channel last May 23 and rallied by as much as 22% from the breakout level.
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.
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
52-week high levels.
Breakout of consolidation.
Morning Star pattern.
AXLM traded higher last week and closed at 2.60, up 11.11% from its bottom at 2.34.
JFC has broken through its previous resistance levels. Shares are now trading above the 100-d MA.
Potential breakout of ascending triangle pattern.
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