Technicals Talk: China Banking Corp. (CBC) – 13 Nov 2025 by First Metro Securities
CBC remains in a downtrend, trading below its 20-day, 50-day, 100-day, and 200-day moving averages.
CBC remains in a downtrend, trading below its 20-day, 50-day, 100-day, and 200-day moving averages.
MEG remains bearish, with momentum weakening – the RSI is approaching oversold levels, and the MACD has formed a bearish crossover with the signal line.
Eyes are set on possible continuation of yesterday’s ascent, which may be driven by crude futures’ sharp decline.
SMPH plummets to the oversold territory, reaching its floor levels with the stock losing -4.22% in the open to close at 19.54.
ALI threads even lower with the price declining by -1.13% to close at 19.20 driven by mass sell-offs from investors.
The PSEi dropped by 1.29% to close at 5,629.07, extending its decline as persistent selling pressure weighed on market sentiment.
Having cracked below 5,700, participants might stay on the sidelines for now, until gauges firm-up a solid base.
Monitoring on interim results continues, as participants assess the depth of consumer demand and investment initiatives for the remainder this year.
Having slipped below 5,800, buyers might remain at bay for now, to wait until supply pressure ebbs, especially on intra-day ascents.
Expect volatility to continue, as participants seek feelers whether the PSEi would recoup its poise back to the 6,000 zone.
AREIT is trading near a psychological support at PHP 42.00, which could signal a potential rebound.
RCR is currently consolidating between the PHP 7.00–7.60 range.
ICT slipped by 0.57% to close at 526.00, easing from intraday highs near 539.50 as profit-taking emerged following the recent bounce.
AP is currently forming a head and shoulders pattern and remains below all key moving averages (20-day, 50-day, 100-day, and 200-day), which signals continued weakness in the stock.
SECB is consolidating between PHP 70.00-80.00, trading below all key moving averages (MAs) (20-day, 50-day, 100-day, and 200-day).
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