Technicals Talk: JG Summit Holdings, Inc. (JGS) – 15 Nov 2023 by AP Securities
Inverse head and shoulder pattern.
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.
It appears CNVRG had difficulty in breaking its resistance level of 9.00 and has fallen to levels below all of its MAs.
The stock has had difficulty for the last two months as the stock exhibits patterns of a downward trend.
Descending triangle pattern.
Weakening momentum on RSI and Stochastics.
Downtrend channel.
Shooting star pattern.
With the prior rally, JFC seems to be cooling down as it ended at 218.40 yesterday.
Bullish engulfing pattern.
In our view, SMPH could now take off anytime soon. Intraday, the stock fell until
Inverse head and shoulder pattern breakout.
ACEN closed at 5.45 yesterday, up by 1.30%. The stock is forming
Potential descending triangle pattern.
AC has been trading sideways between the 600.00 to 630.00 range for 2 months now and currently hovering below its 100-day MA which has been acting as resistance since mid-June.
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