Technicals Talk: AbaCore Capital Holdings (ABA) – 26 Mar 2024 by AP Securities
Positive Momentum Indicator.
Positive Momentum Indicator.
Bull flag pattern.
Activity may stay range-bound in the absence of new leads, as most investors prepare for the Lenten pause.
The past month has seen the PSEi consistently trading with a range, unable to hold above the 7k threshold.
The benchmark index attempted to break above 6,900 and the 20-day moving average (MA) but this was not sustained at the end of the week.
20EMA trail support.
Presently, BLOOM has ended yesterday at its intraday high, closing at 11.40.
AC seems to have found its support as AC held a strong support at its 200-d MA of 647.00.
The PSEi saw a relatively strong market in yesterday’s trade, rising by +1.55% to 6963.22 at the end of trading.
Market participants will monitor prospective crosses above the 7,000 zone, given the series of net foreign buying support in select large-caps.
Here’s a commentary on an important issue or event affecting the stock market
Here’s a commentary on an important issue or event affecting the stock market
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
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