Technicals Talk: Axelum Resources Corp. (AXLM) – 22 May 2023 by RCBC Securities
AXLM traded higher last week and closed at 2.60, up 11.11% from its bottom at 2.34.
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.
AXLM traded higher last week and closed at 2.60, up 11.11% from its bottom at 2.34.
JFC has broken through its previous resistance levels. Shares are now trading above the 100-d MA.
Potential breakout of ascending triangle pattern.
Recovering momentum on RSI and Stochastics.
Breakout of 200EMA levels and downtrend Channel.
Recovering momentum on RSI.
Bullish engulfing pattern at previous neckline levels.
RRHI is currently on a downtrend channel since the start of the year and is tracking its 50-day EMA as its resistance.
Recovering momentum on RSI.
Potential bounce at 200EMA levels.
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.
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