Technicals Talk: Vista Land & Lifescapes, Inc. (VLL) – 25 Jan 2024 by AP Securities
Strong confluence of support at 50% Fibonacci Retracement level.
Strong confluence of support at 50% Fibonacci Retracement level.
Bullish crossover on Stochastics.
Inverse head and shoulder pattern.
RLC’s share price rallied by more than 4% week-to-date and breached the 16.50 resistance creating a new 52-week high of 16.70.
Monitoring may continue given recent sessions’ light turnover, including supply pressure during final-minute close.
Sessions are likely to continue its upward momentum, as fresh hands take local equities closer to 6,700.
Breakout of downtrend channel.
Bullish divergence on RSI.
JFC finds itself sustaining a strong upward trend.
The PSEi has found itself at its 4th straight day of declines after being just a shy away from hitting the 6,700 levels on Monday.
The PSEi dropped by -2.10% w-o-w after failing to break above the 6,700 resistance.
Participants might weigh whether supply pressure would prevail, or for sentiment to glide to Wall Street’s incline (DJIA +0.54%, Nasdaq Comp. +1.35%).
Potential support at 61.80% Fibonacci Retracement levels.
Sessions might round-up on the plus-side, as fund managers seize the recent dip to move in index-tied shares.
JGS sees a slight upward trend as shares have been rising in the past two months.
Just signup below for free: