Technicals Talk: First Gen Corp. (FGEN) – 24 May 2023 by RCBC Securities
FGEN remains unchanged yesterday, closed at PHP 20.95 after reaching its new 52-week high and turned resistance of PHP
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.
FGEN remains unchanged yesterday, closed at PHP 20.95 after reaching its new 52-week high and turned resistance of PHP
Potential breakout of ascending triangle patterns and 200EMA.
Ascending triangle pattern.
LTG reached its new 52-week high at 10.62 last May 11 and formed a
52-week high levels.
Breakout of consolidation.
Morning Star pattern.
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.
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