Technicals Talk: JG Summit Holdings, Inc. (JGS) – 14 Mar 2024 by AP Securities
Ascending triangle pattern.
Ascending triangle pattern.
Inverse head and shoulder pattern breakout.
Market players will monitor possible cross above the 7,000 mark, to check whether profit-taking might emerge.
The stock’s 50-d MA looks to hold relatively flat as JGS sees low volatility.
Looks like the demand still hasn’t faltered yet!
Continuing its ascent, SM has reached its fresh 52-week high of 995.50 yesterday.
The local bourse managed to settle higher by +0.11% to 6,878.49, albeit ended on a red inverse hammer.
SCC moved up for two consecutive days after it bounced from a pullback to its short-term support at 33.50 last week.
Inverse head and shoulder pattern.
Inverse head and shoulder pattern breakout.
After rallying by 12% in February, CHIB’s share price has pulled back and is currently consolidating for almost a month.
The PSEi rose by +0.33 w-o-w to end at 6,942.21 (+22.62pts).
Eyes are set on possible move above the 7,000 zone, as investors check on continuity of Friday’s momentum.
CNVRG’s 100d MA has finally thrown in the towel.
Ascending triangle pattern.
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