Technicals Talk: Manila Electric Company (MER) – 1 Mar 2024 by Regina Capital Development Corp.
MER has performed exceptionally well, rising by almost 5% in yesterday’s trade.
MER has performed exceptionally well, rising by almost 5% in yesterday’s trade.
URC already broke past its resistance, ending the trading day at 117.00.
AEV is currently on its 7th straight day of gains, rising to levels not seen since August 2023.
JFC traded in a wide range yesterday, from 263.20 low, to yesterday’s close at 273.80, the high of the day.
The local bourse ended the trading session in the greens, inching towards the 7,000 levels.
Sentiment might take its cue from Wall Street’s incline, after PCE index was in-step with estimates (+0.3% in January).
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Our recommendation and 1-year Target Price for this stock is
Our recommendation and 1-year Target Price for this stock is
Cup and handle pattern.
Ascending triangle pattern.
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