Technicals Talk: AbaCore Capital Holdings (ABA) – 11 Dec 2023 by AP Securities
Price near multi-year low.
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.
Price near multi-year low.
Bullish divergence on RSI.
Stochastics at oversold territory.
ICT ended strong yesterday up by 4% and closed at its 52-week high of 228.80.
The stock has been plagued by sellers again which drove the indicators deeper into the bearish region.
Descending triangle pattern.
AP seems to be acting like a contrarian of the index, as the former is up by +1.08% while the latter is bleeding.
Cup and handle pattern.
After the three marching soldiers in the prior trading sessions, SM has been on a steep correction in yesterday’s trading day.
After reaching its 3-yr low at 27.70 on Sept 20, SMPH’s share price rebounded and has been rising slowly.
URC traded higher for 6 consecutive days after it bounced from its support at 108.50.
RSI near overbought territory.
Ascending triangle pattern.
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