Regina Capital Development CorporationAfter days of bathing in the overbought region, it seems like the long-awaited price correction is bound to happen sooner than later.
The PSEi settled higher by +0.62% to 6,897.36 yesterday as the bears fled the bourse.
CREIT appears to be consolidating within a sideways trend, taking a breather around its 20-d MA.
MONDE logged its 13th straight trading day in the greens, RSI levels are hitting the roof, levels at 85.79.
Our Target Price and recommendation for this stock is
Our recommendation and 1-year Target Price for this stock is
CNVRG has finally broken the double digit resistance as shares are now trading at levels last seen four months ago.
The stock has experienced a sustained upward trend for over 5 consecutive days.
The PSEi closed at 6827.92, slightly below its intraday high of 6848.57, indicating some volatility during the trading day.
Our recommendation and 1-year Target Price for this stock is
Looking at the chart, the overextension of DMC’s rally does not seem to bother the bulls.
MER is on its sixth day of decline and is currently trading below its 50d and 100d MAs.
The PSEi concluded yesterday’s session with a -23.42pts decline to 6,623.01.
Our Target Price and recommendation for MWC is
Our Target Price and recommendation for this stock is
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