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Summary of Technical Analysis
|Company Name||GT Capital Holdings, Inc.|
|Opinion Issued on||19 Dec 2022|
|Price Support||PHP 400.00|
|Price Resistance||PHP 430.00|
GTCAP has fallen from selling pressure, down 8.57% since December 7, and closed in the red once again last Friday at 412.00.
Its MACD and RSI are both on a downward trajectory as the latter moves further into oversold territory.
Our Partner Broker’s Recommendation
Recommendation is to buy if the stock stages a rebound from the 400.00 support which will prompt the stock to move upward to its resistance at 430.00.
Otherwise, GTCAP may fall back toward its year-on-year low at 380.00 if the 400.00 floor does not hold.
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