Technicals Talk: MRC Allied, Inc. (MRC) – 27 Apr 2023 by AP Securities
Inverse head and shoulder pattern.
Inverse head and shoulder pattern.
Potential retest of breakout.
Recovering momentum on RSI and Stochastics.
Tight trading zones may continue, as participants digest 1Q23 interim results & capex guidance from select listed firms to get a general feeler on sector trends.
BDO has put up three consecutive rallies since last week, rising nearly 10% since last Wednesday.
Barely a few points shy to breaching the 6,600 mark, some might seize on this strength to cash-out, while waiting for clearer guidance on
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MER’s share price rebounded by 8% after filling the gap last March 28 and formed a
The PSEi rebounded last week, however, value turnover averaged only at P3.8bn.
Expect volatility this week, as investors check for month-end portfolio re-balancing.
Breakout of previous high.
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