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May 2022Technicals Talk: DMC (23 May 2022) by Unicapital Securities
We expect the stock to test the resistance zones at PHP
We expect the stock to test the resistance zones at PHP
DMC broke above its 50-day EMA with above average volume.
Potential bounce at trendline support.
DMC closed at the PHP 9.20 level resistance yesterday with the 50-day EMA acting as support last week.
Potential ascending triangle pattern.
We believe the stock remains uptrend in the medium term based on
DMC closed at PHP 8.88. We expect the trend to
DMC closed at PHP 9.50. We recommend
DMC gapped up to close at 8.72 -- its highest mark since October 2021.
DMC closed at PHP 8.72 after encountering resistance at PHP