Technicals Talk: Ayala Corp. (AC) – 12 May by AP Securities
Inverse head and shoulder pattern at critical range 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.
Positive momentum Indicator.
DNL continues its third day of straight losses.
Price rejection near 200EMA levels.
Potential bounce at 200EMA trail.
After a huge pullback coming from 6,700 yesterday, the index has formed a bullish doji and managed to stay above 6,600 levels.
Movements might stay range-bound, as participants digest 1Q23 results from select large caps.
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