Technicals Talk: PLDT Inc. (TEL) – 29 Nov 2024 by Regina Capital Development Corp.
TEL gained +0.70% intraday, marking a slight recovery after a steep decline in the previous session.
TEL gained +0.70% intraday, marking a slight recovery after a steep decline in the previous session.
The PSEi declined to the 6,600 level, down -0.96% intraday, remaining below its 50, 100, and 200-day MAs.
Light sessions are seen, with fund managers off for the US Thanksgiving break.
Caution might dominate sentiment for local equities, following the previous session’s weak trail.
BDO increased by +0.79%, but now sits above 50-day MA and 100-day MA, suggesting a slight recovery.
ICT dropped by -6.02% intraday, barely sitting above its 9-MA, signaling possible support.
AC declined by -4.11%, now trading below all its significant MA.
The PSEi gradually hovers above the 6,800 level closing at 6,806.86, down -0.63% with stock prices moving above the 200-day MA.
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