Technicals Talk: Robinsons Retail Holdings, Inc. (RRHI) – 17 May 2023 by RCBC Securities
RRHI is currently on a downtrend channel since the start of the year and is tracking its 50-day EMA as its resistance.
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.
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.
MWC shares have been on an upward trend, trading above the 20-peso range, above its 50- d MA of 19.10.
Potential trail at 200EMA levels.
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 range support levels.
Inverse head and shoulder pattern at critical 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.
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