Technicals Talk: International Container Terminal Services, Inc. (ICT) – 2 Jun 2023 by RCBC Securities
ICT closed at 201.00, slightly below the 200-day EMA but still up by 3.08%.
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.
ICT closed at 201.00, slightly below the 200-day EMA but still up by 3.08%.
Breakout above 200EMA.
URC shares fell on yesterday’s bearish market, closing the day down by -3.31%.
We suggest investors hold until the stock becomes oversold.
Multiple bullish hammers at previous gap levels.
Strong 50EMA trail.
Potential bounce at 61.80% Fibonacci retracement level.
PCOR broke out of the parallel channel last May 23 and rallied by as much as 22% from the breakout level.
AC shares are on an upward trend, trading above all of its MAs.
Recovering momentum on RSI and Stochastics.
After recording its new 52-week high at 156.50 on May 8, URC plummeted by 6.7% as of yesterday’s close at 146.00.
FGEN remains unchanged yesterday, closed at PHP 20.95 after reaching its new 52-week high and turned resistance of PHP
Potential breakout of ascending triangle patterns and 200EMA.
Ascending triangle pattern.
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