Technicals Talk: Manila Electric Company (MER) – 24 Apr 2022 by RCBC Securities
MER’s share price rebounded by 8% after filling the gap last March 28 and formed a
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.
MER’s share price rebounded by 8% after filling the gap last March 28 and formed a
Breakout of previous high.
BDO was able to hold prices higher on closing.
AC shares fell significantly in yesterday’s trading.
Although the price is still far from its levels pre-breakdown, it looks like TEL is on its way to
BLOOM outperformed the index yesterday and pumped more than 5% on stronger-than-usual volume.
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