Technicals Talk: Cebu Air, Inc. (CEB) – 9 May 2023 by AP Securities
Inverse head and shoulder pattern breakout.
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.
Inverse head and shoulder pattern breakout.
Inverse head and shoulder pattern after bounce of range support levels.
Last Friday, SMPH’s share price increased by 0.88% and breached the 34.00 resistance level but failed to close above its 50-day MA.
MONDE has been trading upward for 5 consecutive days by almost 9% coming from its low of 9.15 last April 26.
ALI shares continue to go up after consolidating at 25-26 areas.
BDO has started to pullback and go up back again as volatility starts to stay at its highest levels.
Inverse head and shoulder pattern.
Breakout of 200EMA and downtrend channel.
BDO has steadily risen over the previous month, gaining 20% since March as it managed to hit its all-time high at 144.60.
Positive Momentum Indicator.
Recovering momentum on RSI and Stochastics.
Potential bounce at 50.00% Fibonacci retracement levels.
Breakout of ascending triangle pattern.
ALI shares have finally gone up after consolidating at 25-26 areas.
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