Technicals Talk: Wilcon Depot (WLCON) – 14 Feb 2024 by AP Securities
Potential inverse head and shoulder pattern.
Potential inverse head and shoulder pattern.
The PSEi closed at 6827.92, slightly below its intraday high of 6848.57, indicating some volatility during the trading day.
Sentiment might glide to Wall Street’s weakness, on fears for possible slight uptick in domestic inflation for Feb.
DNL pulled back yesterday, down by 0.60%, to close at 6.66.
Participants will monitor continuity of yesterday’s trend, or for supply pressure to start coming out ahead of the Lunar break.
The PSEi surged by +2.13% w-o-w to close at 6,850.16, extending its winning streak for the third week.
Potential support at 20EMA trail.
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