Stock in Focus: Manila Electric Co. – Meralco (MER) – 23 May 2023 by Regina Capital Development Corp.
Our recommendation and 1-year Target Price for this stock is
Our recommendation and 1-year Target Price for this stock is
Our recommendation and 1-year Target Price for this stock is
Our recommendation and 1-year Target Price for this stock is
Morning Star pattern.
AXLM traded higher last week and closed at 2.60, up 11.11% from its bottom at 2.34.
JFC has broken through its previous resistance levels. Shares are now trading above the 100-d MA.
After a huge pullback coming from 6,700 levels, the index is trying to regain its previous price levels by overtaking bear candles.
Mixed tones might greet Monday’s trades, as investors sift through headlines on the approval of debt ceiling cap in the US, as well as those at home.
Potential breakout of ascending triangle pattern.
Recovering momentum on RSI and Stochastics.
Breakout of 200EMA levels and downtrend Channel.
Recovering momentum on RSI.
Higher planes are in store for local equities, on prospects for status quo on domestic interest rates & possible consideration for cuts in reserve requirement.
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.
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