Technicals Talk: Metropolitan Bank and Trust Company (MBT) – 16 Feb 2024 by AP Securities
Bearish divergence on RSI.
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.
Bearish divergence on RSI.
DMC’s share price has been trending up since the start of 2024 and gained 14% YTD.
CNVRG has finally broken the double digit resistance as shares are now trading at levels last seen four months ago.
The stock has experienced a sustained upward trend for over 5 consecutive days.
Potential inverse head and shoulder pattern.
DNL pulled back yesterday, down by 0.60%, to close at 6.66.
Potential support at 20EMA trail.
Yesterday, GTCAP broke out of the 667-670 resistance area on above average volume gaining 3.88% and closed at its 3-year high of 683.00.
MONDE traded higher last Friday, up by 7.29% to close at 9.42.
Inverse head and shoulder pattern.
Looking at the chart, the overextension of DMC’s rally does not seem to bother the bulls.
50EMA trail resistance levels.
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