Technicals Talk: Aboitiz Power Corp. (AP) – 1 Dec 2023 by Regina Capital Development Corp.
AP seems to be acting like a contrarian of the index, as the former is up by +1.08% while the latter is bleeding.
Regina Capital Development CorporationAP seems to be acting like a contrarian of the index, as the former is up by +1.08% while the latter is bleeding.
After the three marching soldiers in the prior trading sessions, SM has been on a steep correction in yesterday’s trading day.
The PSEI slumped on the second straight day as investors sealed their gains during the prior rallies.
Our recommendation and 1-year Target Price for this stock is
A tough past few months for DNL as the stock continues to decline to 52w lows.
The stock has seen a strong upward trend, currently on its 4th straight trading day of gains.
The index is now trading at its 50-d MA.
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
Our recommendation and 1-year Target Price for this stock is
The bears and the bulls are playing tug-o-war for AP, as seen on the latter’s spinning top candle.
It appears CNVRG had difficulty in breaking its resistance level of 9.00 and has fallen to levels below all of its MAs.
The stock has had difficulty for the last two months as the stock exhibits patterns of a downward trend.
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