Technicals Talk: Bank of the Philippine Islands (BPI) – 19 Jun 2024 by RCBC Securities
BPI has been on a steady downtrend since mid-January and has settled just above its major support at PHP
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.
BPI has been on a steady downtrend since mid-January and has settled just above its major support at PHP
SCC has been bearish, trading within the 31.65-32.18 range.
BLOOM is showing clear bearish signals across multiple indicators, with a range of 9.96-10.24.
EMI closed at 18.80, with a range of 18.74-19.01, accompanied by mixed indicators.
Strong technical bounce after the month-long nose dive!
SMPH appears to be in the grip of the bears, steadily marching south.
Seems like the bears are still in control over RLC, dragging the stock price to 15.20.
ICT closed on a positive note yesterday at 353.80.
SM is currently trading within the 807.51-853.12 range.
AEV closed with a modest increase yesterday within the 35.95-39.00 range.
JFC traded higher yesterday with 2.60%, to close at 228.80.
After experiencing a significant rally of as much as 43% and reaching its highest level in 7 years at 4.20, APX’s share price pulled back and entered a consolidation phase.
MBT has broken down from its 50-day EMA support at 67.50 yesterday to close at 65.05, shedding 2.91%.
ALI’s share price plummeted sharply in early April, experiencing a loss of as much as 20% and breaking below
ACEN closed on a red candle after reaching near resistance at 5.10.
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