FREE Technicals Talk: SECB (4 Apr 2018) 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 in short-term trading. Learn how you can use this report in this PinoyInvestor guide.

 

Our Partner Broker’s Analysis and Opinion
Stock Code Company Broker Opinion Issued on Support Resistance
SECB Security Bank Corporation Regina Capital Development Corp. 4 Apr 2018 225.00 235.00

 

SECB is clearly on the onset of an early break down, after breaching the month-long support of 242.00 since the previous week. The bank-stock has closed yesterday session deeper than ever, and looking at 225.00 at the next possible pit stop.

Unfortunately, it appears indicators are showing continued struggle for the bank, given the rising volume at sell down; MACD is now on an increasing sell sign; RSI dipping towards oversold territories; and DMI with both increasing selling pressure and momentum.

 

Our Partner Broker’s Recommendation

At least for the near-term, conservative action is to SELL.

CUT LOSS.

 

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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.