Technicals Talk: GT Capital Holdings, Inc. (GTCAP) – 13 Dec 2023 by Regina Capital Development Corp.
Shares saw selling pressure build up as the stock failed to breach through its resistance.
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.
Shares saw selling pressure build up as the stock failed to breach through its resistance.
ALI gained by as much as 21% after bouncing from its support at 26.20 which was the swing low last Sept 20 and broke out of its sideways or rectangle pattern.
Price near multi-year low.
Bullish divergence on RSI.
Stochastics at oversold territory.
The stock has been plagued by sellers again which drove the indicators deeper into the bearish region.
ICT ended strong yesterday up by 4% and closed at its 52-week high of 228.80.
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.
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