Technicals Talk: Apex Mining Company, Inc. (APX) – 26 Apr 2024 by AP Securities
Strong breakout of a consolidation.
Technicals Talk reports contain our partner brokers’ technical analyses of select PSE stocks. Technical Analysis relies on trends and price movements and is typically used when doing short-term or day trading.
Strong breakout of a consolidation.
As the MACD began its positive crossover, JGS spiked further amidst strong buying demand.
ALI’s current trading range is between 26.95-29.00.
SM is presently trading in a narrow range as investors await more action towards the stock.
Previous resistance levels are potential supports.
After days of heavy selling pressure, SMPH seems to have found strong support at 27.
Seems like the bears are still in control over RLC, dragging the stock price to 15.20.
GTCAP stocks are currently experiencing significantly weak momentum, trading within
FGEN maintained its positive momentum, closing yesterday’s session with a gain of +1.05% at 19.30, forming a doji candlestick pattern.
Stochastics and RSI at oversold levels.
Flag Pattern breakout.
BDO relinquished all its gains by the end of yesterday’s session, closing with a decline of -1.27% at 148.10.
Following the formation of a double top pattern, GTCAP’s share price has sustained a continued decline, experiencing a loss of as much as 19% from its peak.
ACEN is currently seeing strong selling pressure trading in the 3.28-4.41 range, with price gradually dropping to levels drastically lower than that of recent years.
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