Technicals Talk: SM Investments Corp. (SM) – 6 Jun 2023 by AP Securities
Previous resistance became support.
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.
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%.
Breakout above 200EMA.
URC shares fell on yesterday’s bearish market, closing the day down by -3.31%.
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.
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