Stock in Focus: Bank of Commerce (BNCOM) – 8 Feb 2024 by Regina Capital Development Corp.
Our recommendation and 1-year Target Price for this stock is
Our recommendation and 1-year Target Price for this stock is
Our recommendation and 1-year Target Price for this stock is
Our Target Price and recommendation for this stock is
Yesterday, GTCAP broke out of the 667-670 resistance area on above average volume gaining 3.88% and closed at its 3-year high of 683.00.
Participants will monitor continuity of yesterday’s trend, or for supply pressure to start coming out ahead of the Lunar break.
MONDE traded higher last Friday, up by 7.29% to close at 9.42.
Inverse head and shoulder pattern.
Attention is set for the 6,800 target, having moved past 6,700.
The market is trading above key moving averages (50-day, 100-day, and 200 -day) and is poised to revisit the next resistance level.
Looking at the chart, the overextension of DMC’s rally does not seem to bother the bulls.
MER is on its sixth day of decline and is currently trading below its 50d and 100d MAs.
50EMA trail resistance levels.
Symmetrical triangle pattern.
The PSEi concluded yesterday’s session with a -23.42pts decline to 6,623.01.
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