Technicals Talk: DigiPlus Interactive Corp. (PLUS) – 30 Aug 2024 by RCBC Securities
PLUS stocks pulled back yesterday, closing down -2.29% at 23.45, a move anticipated as RSI remains in overbought territory at 77.11.
PLUS stocks pulled back yesterday, closing down -2.29% at 23.45, a move anticipated as RSI remains in overbought territory at 77.11.
ALI stocks are currently hitting a resistance level as yesterday’s trading session saw an uptick of +2.50% to 34.86 with conditions nearing oversold territory.
EMI stocks are in a consolidation phase, trading sideways between 18.66 and 18.86.
The index slipped -0.96% to 6,891.55, but momentum is still kicking, with RSI at a solid 60.43.
Participants are likely to be watchful on month-end closing, especially for prospective market-on-close (MOC) price action.
Our stock picks for the week
CNVRG continues its upward movement with the stock’s price rallying above all moving averages.
Expect volatile trades with the month-end portfolio closing, especially with the effectivity of MSCI’s rebalancing.
SM stocks are trading comfortably sideways along the bullish regions between 919.89-956.00.
BDO stocks are consolidating within the 147.00-154.00 range.
Yesterday’s bull trading session closed SMPH stocks at a resistance level, trading within a range of 29.70-31.16.
The PSEi narrowly inched towards the 7000s level yesterday closing up +0.16% to 6,973.41 as investors started to rebalance ahead of the end-of-month closing.
Another range-bound session is seen, as buyers position on intra-day dips to position in select shares poised to finish stronger this year.
Take advantage of the price opportunity that might arise when the news hits. Trade the news!
Take advantage of the price opportunity that might arise when the news hits. Trade the news!
Just signup below for free: