Technicals Talk: China Banking Corp. (CBC) – 5 Feb 2025 by Regina Capital Development Corp.
CBC has recently staged a strong breakout, continuing its bullish rally with notable momentum.
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.
CBC has recently staged a strong breakout, continuing its bullish rally with notable momentum.
NIKL is showing signs of a potential rebound after a sharp decline, as indicated by the recent bounce from oversold levels.
ICT surged by +7.62% intraday, staging a strong rebound from recent lows.
BDO remains below all major moving averages but gained +5.47% intraday to close at 144.50.
VLL closed last Friday at 1.50, below all MAs and down by -1.32%.
SM continues to trade below all MA levels, closing at 795.00 (-%3.28%).
WLCON ended with an uptick of +1.67%, closing at 8.54.
BPI is at a pessimistic level as it continues to trade below all key MA levels, closing at 124.00/sh (-0.40%).
MER is down by -1.40%, closing at 493.00/sh.
BDO went down by -1.50% intraday, continuing to trade below its key moving averages.
CHP closed last friday above its 50-MA close, trading up by +1.79%.
CNVRG rose by 2.91%, closing at 17.00/sh, continuing its bullish trajectory as shown by the MACD’s green histograms and its position above all MA levels.
SCC increased by 1.00%, closing at 35.40/sh and trading above all MA levels.
SMPH decreased by -1.83%, closing at 24.15/sh.
TEL posted a slight increase of 0.38%, closing at 1,315.00/sh, yet still trading below all key MA levels.
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