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.
GLO exhibited a huge rally pushing past previous resistances with a gain of +4.51%, effectively closing the gap with its 50-day MA indicating a short push for recovery as more buying activity posts.
PLUS posted a massive rally ending strongly by +25.14% at 23.15.
BPI surged sharply by +7.23% to close at 109.70, rebounding strongly from recent lows as buyers stepped in aggressively.
CNVRG closed at 20.30, losing 5.14%.
CNPF is currently trading above its 20-day moving average (MA) and has recently broken past its 50-day MA.
BLOOM has now entered its third straight day of decline, slipping by -0.33% in today’s trading session.
URC closed lower at 77.10, extending its decline after failing to hold above the 80 level.
MBT remains sideways, coming up 0.63% from its previous close of 71.65.
SM continues on the trailing red, losing -0.40%, closed at 750.
EMI closed on a high note by +1.72% at 16.60, bouncing from its short pullback, ending strongly on the green.
AC extends its loss, dropping by -2.48% to close at 551.0, setting lower lows for the price.
JFC is currently on a rally, closing higher by +2.13% as the RSI moves above the overbought level at 70.73.
ALI closed on a new high at 28.5, breaking past the 26.5 resistance.
ICTSI closed at ₱453.20, down by -7.47%, marking a sharp pullback from its recent highs and breaking below short-term support levels.
PLUS closed at P30.00, coming up from consecutive gains in three days.
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