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.
After several months of sideways trading, FB recently broke above its previously established resistance and rallied above its 50-MA, closing at 47.75 yesterday.
SCC stocks saw a huge dip, now trading sideways along its 200-MA support, price ranging between 31.75-32.32.
PCOR’s trading volume in the past days have consistently surpassed its 20d average volume of 2.495mn.
ACEN is currently trading above all MAs, continuing its 3-day win streak.
GLO is currently trading above its 50-MA line, closing with a red candle after two consecutive days of green ones.
Ascending rapidly! TEL is currently near is 52-wk high as the bulls remained to take the wheel.
URC has taken a nosedive, closing below all MAs.
ALI closed slightly below its 50-MA with a red candle.
RCR is currently trading above its 50-d and 100-d MAs, indicating that the bulls are
CNVRG is currently trading above all MAs, within the range of 10.68-11.75.
SMPH has ended its three-day losing streak, showing a positive turnaround and closing with a gain of +2.60%, concluding yesterday’s trading at 29.55.
DMC stocks are trading sideways, mildly bullish.
CNPF is currently seeing consolidating stocks after a steep plunge.
BDO is currently trading within the range of 139-151.
SM is currently trading within the range of 900-922.
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