Technicals Talk: Manila Electric Company (MER) – 17 Mar 2025 by Regina Capital Development Corp.
MER is currently in an uptrend, maintaining its position above key moving averages, which suggests strong bullish momentum.
Regina Capital Development CorporationMER is currently in an uptrend, maintaining its position above key moving averages, which suggests strong bullish momentum.
SPNEC surged by +8.70%, accompanied by a volume spike, signaling a strong bullish breakout.
The PSEI inched higher by +0.76% intraday, attempting to regain momentum as it now holds above its short-term MA.
CREIT closed flat with a doji candlestick, slightly below its 9-MA and 50-MA.
BPI continues its gains after its recent pullback, with an intraday gain of +1.17% to 130.00.
ICT exhibits an intraday gain of +5.64% to 356.00, yet remains to be traded below all key MA levels.
PX surges by 6.96%, closing at 5.84.
The PSEi remains to be traded below its key MA levels despite its intraday gain of +1.60% to 6,219.96.
Our Target Price and recommendation 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
PLUS extended its gains by +2.98% intraday after a recent pullback from its rally.
AREIT slipped -1.39% intraday, with its short-term MAs acting as dynamic resistance levels.
MBT closed up by +0.75%, trading near its key moving averages, with the 50-day and 200-day MAs acting as dynamic support levels, and the 100-day MA as its immediate resistance.
The PSEI gained +0.45% intraday last session, but remains trapped in a broader downtrend, struggling below key moving averages.
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