Stock in Focus: GMA Network Inc. (GMA7) – 9 May 2023 by Regina Capital Development Corp.
Our Target Price and recommendation for this stock is
Our Target Price and recommendation for this stock is
Our Target Price and recommendation for this stock is
Our recommendation and 1-year Target Price for this stock is
Inverse head and shoulder pattern breakout.
Inverse head and shoulder pattern after bounce of range support levels.
Participants might monitor possible continuity of yesterday’s selling, given local equities’ recent rise.
Last Friday, SMPH’s share price increased by 0.88% and breached the 34.00 resistance level but failed to close above its 50-day MA.
Sentiment might glide to Wall Street’s ascent Friday (DJIA +1.65%, Nasdaq Comp. +2.25%), as well as
MONDE has been trading upward for 5 consecutive days by almost 9% coming from its low of 9.15 last April 26.
BDO has started to pullback and go up back again as volatility starts to stay at its highest levels.
ALI shares continue to go up after consolidating at 25-26 areas.
Inverse head and shoulder pattern.
The index continues to try to break above its resistance at 6,684. Support levels are at 6,621 and 6,440.
Overall, we maintain our recommendation with a Target Price of
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