Technicals Talk: Aboitiz Equity Ventures, Inc. (AEV) – 8 Mar 2024 by Regina Capital Development Corp.
Despite the drop in AEV’s price, the indicators remain bullish towards the stock.
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.
Despite the drop in AEV’s price, the indicators remain bullish towards the stock.
Previous 50EMA trail resistance became support.
Uptrend Channel.
CNPF managed to reverse its intraday losses as it closed yesterday’s session up by +0.55% at 36.50.
WLCON bounced off its 100-day moving average and support at 21.46 as of writing.
Ascending triangle pattern.
Cup and handle pattern.
MER has performed exceptionally well, rising by almost 5% in yesterday’s trade.
URC already broke past its resistance, ending the trading day at 117.00.
AEV is currently on its 7th straight day of gains, rising to levels not seen since August 2023.
JFC traded in a wide range yesterday, from 263.20 low, to yesterday’s close at 273.80, the high of the day.
Cup and handle pattern.
Ascending triangle pattern.
BDO is on its 4th consecutive day of descent, with the MACD’s histograms expanding bearishly.
Shares have been falling for the past couple of weeks.
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