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Summary of Technical Analysis
| Stock Code | GTCAP |
| Company Name | GT Capital Holdings, Inc. |
| Broker | RCBC Securities |
| 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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