ACEN is currently seeing strong selling pressure trading in the 3.28-4.41 range, with price gradually dropping to levels drastically lower than that of recent years.
After Monday’s price decline, ICT kicked off Tuesday’s trading session with a notable gap down, further pushing the RSI into bearish territory.
The stock is pushing pre-pandemic resistance levels, trading within support levels in the 56.60-71.60 range with prices going up.
Following Monday’s bearish marubozu candlestick, the bears have managed to push JFC into the oversold territory.
The index’s standing decreased by -10.57% in less than 2 weeks, indicating rapid and substantial losses trading now within the 6404.97 to 7082.02 range.
Price above 200EMA.
If the bulls dominate, the PSEi could once again retest next resistance levels around 6,700 and 6,800.
Market participants will monitor continuity of Friday’s supply pressure, especially with softer gauges from Wall Street & crude’s ascent as a result of geopolitical headlines.
The outlook for MER stock prices has been uncertain for traders, as the market has been staggering within the 350.50-376.90 range.
The heavy selling pressure dragged ALI’s price to 28.50 during the market open, touching its intraday low of 27.60.
GTCAP has caught the attention of the bears. The stock fell -3.58% to 674.00 trailing only behind ALI as one of the most heavily hit stocks today.
The index finds itself deep into a downward trend as the index falls for its sixth straight day.
Recovery angles are seen, as the PSEi reverts back to 6,800-6,850 zone.
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