Technicals Talk: Alliance Global Group, Inc. (AGI) – 15 May 2023 by AP Securities
Previous resistance is a potential support.
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.
Previous resistance is a potential support.
Potential trail at 200EMA levels.
MWC shares have been on an upward trend, trading above the 20-peso range, above its 50- d MA of 19.10.
MONDE has been on a steady downtrend since January losing 37%, as it took a steep fall last March.
Inverse head and shoulder pattern at critical support levels.
Inverse head and shoulder pattern at critical range support levels.
Price above 200EMA.
Positive momentum Indicator.
DNL continues its third day of straight losses.
Price rejection near 200EMA levels.
Potential bounce at 200EMA trail.
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.
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