FREE Technicals Talk: GT Capital Holdings (GTCAP) – 19 Dec 2022 by RCBC Securities

Stock report by: RCBC Securities
Category: FREE Reports

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Summary of Technical Analysis

Stock CodeGTCAP
Company NameGT Capital Holdings, Inc.
BrokerRCBC Securities
Opinion Issued on19 Dec 2022
Price SupportPHP 400.00
Price ResistancePHP 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.

This report is prepared by PinoyInvestor’s partner broker below. Find out more about our partner brokers and sign up to avail their complete trading brokerage services.

RCBC Securities

RCBC Securities

RCBC Securities (RSEC), established in August 1973, is the stockbrokerage unit of Rizal Commercial Banking Corp. (RCBC), one of the Philippines’ largest commercial banks and a member of the Yuchengco Group of Companies. Learn more about them here.
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