Technicals Talk: Bank of the Philippines Islands (BPI) – 25 Oct 2023 by Regina Capital Development Corp.
Range trade over? BPI is close to trading below 100 and in the double digit levels as shares see sustained selling pressure.
Range trade over? BPI is close to trading below 100 and in the double digit levels as shares see sustained selling pressure.
To break below 6k levels?
Participants might take their cue from Wall Streetās incline, as political headlines simmer in the Israel-Hamas rift.
JFC broke down from its 211.80 support yesterday, down by 2.24% to close at 210.00.
Eyes are set whether some participants would seize on the bourseās current state to buy into
Last week, MER reached another 52-wk high!
The PSEi ended Friday at 6,142.90 (down by -1.23% or -76.26pts), breaking the 62H threshold.
The PSEi dropped by -1.97% w-o-w to close at 6,142.90, breaking below the 6,200 support level.
From the looks of it, the strong support is observed in the 112 levels for URC.
BLOOM broke below its 200-day EMA (10.00) to close at 9.99 down by 0.30%.
Another landslide for MEG! The stock once again formed a waterfall move as it
Raining reds? The PSEi ended on a red declining by -0.78% or -49.11pts to 6,219.16 yesterday.
Ascending triangle pattern.
The mood might stay cautious for now, with global investors attuned to headlines on the Israel-Hamas conflict, including results of Pres. Bidenās visit.
The stock seems to be confined in a trading range, which the bulls are attempting to break out from.
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