Technicals Talk: Philex Petroleum Corp. (PXP) – 3 May 2023 by AP Securities
Potential bounce at 50.00% Fibonacci retracement levels.
Potential bounce at 50.00% Fibonacci retracement levels.
Breakout of ascending triangle pattern.
SM shares have risen strongly, closing now above all of its MAs.
ALI shares have finally gone up after consolidating at 25-26 areas.
The index continues to break above its previous resistance level with the index now finishing at 6,672 after a bullish run.
The only counter so far is on the current turnover, as some might be bidding for time ahead of results from the Fed meeting.
Recovering momentum on RSI and Stochastics.
Symmetrical triangle pattern.
JFC traded higher last Friday to close at 225.00, up by 2.74%.
The index is trying to break above 6600 levels. Support levels are at
Momentum is expected to continue, as focus shifts to latest inflation in May, 1Q earnings as well as dividend season for several listed firms this May.
Recovering momentum on RSI and Stochastics.
Potential bounce at previous breakout levels.
Symmetrical triangle pattern at range support.
BDO shares continue to go up as it leads the banking sector.
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