Technicals Talk: Bank of the Philippine Islands (BPI) – 18 Apr 2023 by RCBC Securities
BPI has been on a steady downtrend since mid-January and has settled just above its major support at PHP
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.
BPI has been on a steady downtrend since mid-January and has settled just above its major support at PHP
DMC gapped down last April 12 on ex-div date, resulting in its stock price breaking below its 100-D MA and losing around 4%.
SM has been forming a range between 850-900 levels and is now going below after hitting near 900 levels.
ICT pulled back last Friday to close at 212.60 after reaching its day high of 216.00.
MER has managed to pull off a short-term rally, rising nearly 8% since the end of March.
PX managed to sustain its momentum buoyed by higher price of gold.
Strong 20EMA trail.
Continuation signal on RSI.
Recovering momentum on RSI and Stochastics.
Potential inverse head and shoulder pattern on weekly chart.
Price above 200EMA levels.
JFC trimmed its gains and closed lower by 3.05% yesterday at 216.20.
PCOR gained 33% in March and began to consolidate after closing the gap made on March 10, 2022.
Breakout of 50EMA trail resistance.
Just signup below for free: