Technicals Talk: Manila Electric Company (MER) – 25 May 2023 by AP Securities
Recovering momentum on RSI and Stochastics.
Recovering momentum on RSI and Stochastics.
After recording its new 52-week high at 156.50 on May 8, URC plummeted by 6.7% as of yesterday’s close at 146.00.
Participants may be on wait-and-see mode, if Thursday’s trades would mimic previous session’s MOC-boost.
FGEN remains unchanged yesterday, closed at PHP 20.95 after reaching its new 52-week high and turned resistance of PHP
Potential breakout of ascending triangle patterns and 200EMA.
Ascending triangle pattern.
Sentiment might drift to Wall Street’s overnight weakness (DJIA -0.69%, Nasdaq Comp. -1.26%) as fund managers trail the progress of US debt ceiling negotiations.
LTG reached its new 52-week high at 10.62 last May 11 and formed a
Breakout of consolidation.
52-week high levels.
Sessions might continue to move sideways, pending other macro catalysts to warrant positioning.
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
Just signup below for free: