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May 2022Technicals Talk: BPI (11 May 2022) by Regina Capital Development Corp.
BPI logged its three-day losing streak, retracing its downtrend seen two weeks ago.
BPI logged its three-day losing streak, retracing its downtrend seen two weeks ago.
BPI bounced from its 200-day EMA last week but hit resistance at the 50-day EMA.
BPI closed at PHP 97.70. We recommend
BPI closed at PHP 100.00. We recommend
We fully expect BPI to consolidate with a downward bias. It may settle at the support closer to PHP
BPI closed at PHP 98.00. We recommend
BPI closed at PHP 99.60. We recommend
Bullish crossover of Stochastics at oversold levels.