Technicals Talk: JG Summit Holdings, Inc. (JGS) – 20 Mar 2024 by Regina Capital Development Corp.
Both JGS and its part URC saw strong declines in the past few days, pushing it below previous support levels.
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.
The PSEi finished relatively flat yesterday as the market saw mixed movement and high volatility among index members.
AEV is currently fluctuating within a range of 38.18 to 42.56.
The stock’s 50-d MA looks to hold relatively flat as JGS sees low volatility.
Continuing its ascent, SM has reached its fresh 52-week high of 995.50 yesterday.
Looks like the demand still hasn’t faltered yet!
The local bourse managed to settle higher by +0.11% to 6,878.49, albeit ended on a red inverse hammer.
CNVRG’s 100d MA has finally thrown in the towel.
One of the most actively traded stocks, as of writing, is SMPH.
Despite the drop in AEV’s price, the indicators remain bullish towards the stock.
The PSEi dipped for the third consecutive day yesterday, settling at 6837.34, down by -0.60%.
Our Target Price and recommendation for DNL is
CNPF managed to reverse its intraday losses as it closed yesterday’s session up by +0.55% at 36.50.
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