Technicals Talk: Megaworld Corp (MEG) – 14 Jun 2023 by Regina Capital Development Corp.
MEG shares have been consolidating within a range, making for some good trades for investors looking to trade sideways.
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.
MEG shares have been consolidating within a range, making for some good trades for investors looking to trade sideways.
Potential breakout of downtrend channel.
Shares have been trading sideways in the last couple of trading days, performing below the 50-d MA.
Symmetrical triangle pattern.
Consolidating at 200EMA trail.
As the stock closes into the oversold area, investors should see an opportunity to
MONDE traded higher yesterday by 2.83% to close at 8.35.
AGI traded strong yesterday reaching its new 52-week high of 14.28 before closing at yesterday’s low of 14.00.
Recovering momentum on Stochastics.
Ascending triangle pattern.
LTG gapped down from its 9.90 support last May 25 and hit a low of 9.35.
Potential strong support at 38.20% Fibonacci retracement level.
Strong support at 38.20% Fibonacci Retracement levels.
Previous resistance became support.
Bullish hammer at critical support areas.
Just signup below for free: