Technicals Talk: Metro Retail Stores Group, Inc. (MRSGI) – 31 Oct 2024 by Regina Capital Development Corp.
MRSGI firmed around 1.10 to 1.30, with signs of uptrend in the weekly timeframe.
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.
MRSGI firmed around 1.10 to 1.30, with signs of uptrend in the weekly timeframe.
CLI closed slightly above its MA-9 close with a red candle, touching upon 2.90 intraday.
EW is showing signs of consolidation around 10.00, with its short-term MAs providing stronger support near 9.00.
GLO is at a huge sell-off, closing at 2100.00, down by -7.33% intraday, and -7.65% in the weekly timeframe, marking its second week of more than -6.00% decline.
BDO closed at 157, down by -1.88% intraday, below its 9-MA and 50-MA.
GLO is gradually descending below its 50-MA, reaching 2,312 intraday.
CNPF closed down -1.46% intraday, following a surge of +6.03% in the previous session.
MONDE closed down -2.61% intraday after a large buy-up in the previous session.
MBT closed at 77.00 with a red candle, extending the bearish momentum over the past week.
ALI closed just below its 9-MA at 35.80 (-0.56%).
CNVRG closed above key resistance at 17.26/sh, riding an uptrend above all moving averages.
BDO reflected a +0.31% intraday, with movement between 162.00 and 163.00.
TEL closed just above its 100-MA support level at 1,490.00.
GTCAP is continuing its sideways drift above the 50-MA, closing at -1.27% intraday.
The chart shows that ACEN recently bounced back to 5.34, near its 50D MA.
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