FREE Technicals Talk: DITO (3 Feb 2021) by Regina Capital Development Corp.

The “Technicals Talk” section summarizes our partner brokers’ technical analysis of select PSE stocks. Technical Analysis relies on trends and price movements and is typically used for short-term trading. Learn how you can use this report in this PinoyInvestor guide.


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Our Partner Broker’s Analysis and Opinion
Stock Code Company Broker Opinion Issued on Support Resistance
DITO DITO CME Holdings Corp. Regina Capital Development Corp. 3 Feb 2021 11.94 / 10.98 14.00


DITO hedged 1.16 points or +9.28% higher at PHP 13.66 on yesterday’s close. This is, by far, the highest closing of DITO ever since its listing. Most indicators present bullish sentiment towards the stock, with RSI inching closer to the overbought region.

Nonetheless, only MACD remained bearish but might be bound for a bullish crossover within the week, if both buying pressure and momentum are sustained.

With marubozu formed, the uptrend might continue taunting the bulls to close the stock above its resistance of PHP 14.00.


Our Partner Broker’s Recommendation

Take profits.


This report is prepared by PinoyInvestor’s partner broker below. Sign up to this stock broker to avail of their complete trading brokerage services:

Regina Capital Development Corporation
Regina Capital Development Corporation

Regina Capital Development Corporation is one of PinoyInvestor’s partners in delivering superior and reliable stock research reports that help Filipino investors make smart stock investing decisions! Learn more about them here.