Technicals Talk: Robinsons Retail Holdings, Inc. (RRHI) – 17 May 2023 by RCBC Securities
RRHI is currently on a downtrend channel since the start of the year and is tracking its 50-day EMA as its resistance.
RRHI is currently on a downtrend channel since the start of the year and is tracking its 50-day EMA as its resistance.
Bullish engulfing pattern at previous neckline levels.
Recovering momentum on RSI.
Sessions might be range-bound, as participants sift through latest retail sales growth in the US against economic growth outlook.
Potential bounce at 200EMA levels.
Higher sessions are seen, as participants position for possible status quo from local monetary authorities from Thursday’s policy meeting.
Previous resistance is a potential support.
MWC shares have been on an upward trend, trading above the 20-peso range, above its 50- d MA of 19.10.
Potential trail at 200EMA levels.
This could be a confirmation that the index will we ranging down back to
Attention will be on the local central bank’s policy meeting this week, as participants weigh possibilities for a status quo, or parallel rate hike move from the Fed.
MONDE has been on a steady downtrend since January losing 37%, as it took a steep fall last March.
Inverse head and shoulder pattern at critical support levels.
Inverse head and shoulder pattern at critical range support levels.
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