Technicals Talk: Security Bank (SECB) – 7 Nov 2023 by AP Securities
Potential descending triangle pattern.
Potential descending triangle pattern.
AC has been trading sideways between the 600.00 to 630.00 range for 2 months now and currently hovering below its 100-day MA which has been acting as resistance since mid-June.
MER has logged an intraday high of 368 today. However, some profit-takers came out causing the gains on MER to get trimmed down.
The PSEi bounced back by +0.46% w-o-w, after hitting a year-to-date low the previous week.
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