NOTE: Here’s a Special Report we provide exclusively to our Premium Access members, but we’re giving this to you absolutely free! To obtain full access to all Premium-exclusive stock recommendations, why not upgrade to Premium Access for as low as P399.00 a month?
Summary of Technical Analysis
| Stock Code | GTCAP |
| Company Name | GT Capital Holdings, Inc. |
| Broker | RCBC Securities |
| Opinion Issued on | 19 Dec 2022 |
| Price Support | PHP 400.00 |
| Price Resistance | PHP 430.00 |
GTCAP has fallen from selling pressure, down 8.57% since December 7, and closed in the red once again last Friday at 412.00.
Its MACD and RSI are both on a downward trajectory as the latter moves further into oversold territory.
Our Partner Broker’s Recommendation
Recommendation is to buy if the stock stages a rebound from the 400.00 support which will prompt the stock to move upward to its resistance at 430.00.
Otherwise, GTCAP may fall back toward its year-on-year low at 380.00 if the 400.00 floor does not hold.
This report is prepared by PinoyInvestor’s partner broker below. Find out more about our partner brokers and sign up to avail their complete trading brokerage services.
Special Report: Buy ratings on these 3 shopping mall stocks