Technicals Talk: SM Investments Corp. (SM) – 3 Mar 2023 by Regina Capital Development Corp.
SM has been trying to go back to its 900 levels.
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.
SM has been trying to go back to its 900 levels.
Previous resistance turned support.
Confluence of support levels at 38.20% Fibonacci Retracement levels.
As the banking sector remains resilient, MBT gives traders an opportunity to buy as price pulls back and trails on its MA 50.
We do however still continue to see a pattern in the movement and would recommend investors to
MEG shares are trading on a downward trend with share prices consistently falling for the past weeks.
BLOOM ended strong again yesterday for the second consecutive day up by almost 9%.
Momentum shift on price from slow to strong.
Head and Shoulder pattern.
Breakout of ascending triangle pattern.
Price above 200EMA.
Confluence of support at 61.80% Fibonacci retracement levels.
MONDE closed at 11.20 yesterday, down by 4.27% after it continued to slide down from its 12.50 support now turned resistance.
SMPH dropped by as much as 8% in the past 3 trading sessions resulting in its stock price breaking below the uptrend channel as well as its 200-day MA.
Just signup below for free: