Technicals Talk: Megaworld Corp.(MEG) – 22 Mar 2023 by AP Securities
Bullish 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.
Bullish divergence on RSI.
Potential retest of 200EMA.
Potential inverse head and shoulder pattern.
Inverse head and shoulder pattern.
Ascending triangle pattern.
JFC rebounded last Friday, up by 3.72%, to close at 223.00. The stock went down by 11% since
GLO is currently on a freefall as prices failed to hold at its 3 month support at 1800 levels.
URC is holding well despite the downtrend of the index.
Flag pattern at all-time high levels.
JFC failed to cross over back to 225-250 levels after trying for a bounce yesterday.
BDO has seen volatile movement over the week, gapping up from 119.00 in the previous session to close at 124.30.
MACD is a weak sell but buying pressure is still high which could explain how prices do not
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