Technicals Talk: Aboitiz Power Corp. (AP) – 27 Mar 2024 by Regina Capital Development Corp.
The bears are making strides to bring AP into the oversold region, as evidenced by the consistent decline in its price over the past few days.
Technicals Talk reports contain our partner brokers’ technical analyses of select PSE stocks. Technical Analysis relies on trends and price movements and is typically used when doing short-term or day trading.
The bears are making strides to bring AP into the oversold region, as evidenced by the consistent decline in its price over the past few days.
Currently, DMC is down by -0.81% to 12.20 as profit takers lock in gains.
BDO briefly touched its support and 50-day MA (149.60) earlier today.
JFC shares continue to trade within a range, currently near its support.
Positive Momentum Indicator.
Bull flag pattern.
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.
Both JGS and its part URC saw strong declines in the past few days, pushing it below previous support levels.
URC is on its fourth consecutive day of decline, and after yesterday’s trading session saw the RSI drop deep into the oversold region.
The chart signals a clear breakout as the bulls dictate the stock’s momentum.
100EMA trail support.
Potential Gap-fill.
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