Technicals Talk: SM Investments Corp. (SM) β 17 May 2023 by AP Securities
Recovering momentum on RSI.
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 Thursdayβs 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 bankβs 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.
MA 100 seems to be acting as a resistance at 6,683.43.
Price above 200EMA.
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