Technicals Talk: Manila Electric Company (MER) – 6 Nov 2023 by Regina Capital Development Corp.
MER has logged an intraday high of 368 today. However, some profit-takers came out causing the gains on MER to get trimmed down.
Regina Capital Development CorporationMER has logged an intraday high of 368 today. However, some profit-takers came out causing the gains on MER to get trimmed down.
Our recommendation and 1-year Target Price for this stock is
Our recommendation and 1-year Target Price for this stock is
AGI failed to flip its trend upside down yesterday, which is likely going to be the same case today.
Range trade over? BPI is close to trading below 100 and in the double digit levels as shares see sustained selling pressure.
To break below 6k levels?
Last week, MER reached another 52-wk high!
The PSEi ended Friday at 6,142.90 (down by -1.23% or -76.26pts), breaking the 62H threshold.
From the looks of it, the strong support is observed in the 112 levels for URC.
Another landslide for MEG! The stock once again formed a waterfall move as it
Raining reds? The PSEi ended on a red declining by -0.78% or -49.11pts to 6,219.16 yesterday.
The stock seems to be confined in a trading range, which the bulls are attempting to break out from.
ICT is just a few points shy away from its resistance of 216.00.
Fingers-crossed this is not a dead cat bounce! 🤞🏻
SMPH is currently on an upward trend, with shares edging closer to the stock’s 100-d MA.
Just signup below for free: