Technicals Talk: GT Capital Holdings (GTCAP) – 19 Dec 2022 by RCBC Securities
GTCAP has fallen from selling pressure, down 8.57% since December 7, and closed in the red once again last Friday at PHP 412.00.
GTCAP has fallen from selling pressure, down 8.57% since December 7, and closed in the red once again last Friday at PHP 412.00.
Previous breakout of downtrend channel.
The index closed last trading week with a spinning top candle after trading mostly sideways.
Base levels will be tested for bulk of trading sessions this week, following the PSEi’s move below the 6,500 mark.
Recovering momentum on Stochastics.
Potential breakout of ascending triangle pattern.
Light sessions are seen, as some buyers might remain at bay pending reactions to Wall Street’s overnight descent (DJIA -2.25%, Nasdaq Comp. -3.23%).
Sentiment might glide to Wall Street’s weakness (DJIA – 0.42%, Nasdaq Comp. -0.76%), given the Fed’s indicative rate hike in 2023.
Update to the 4 sets of stock model portfolios for savvy stock investors!
Here’s a commentary on an important issue or event affecting the stock market
Here’s a commentary on an important issue or event affecting the stock market
Here’s a commentary on an important issue or event affecting the stock market
Here’s a commentary on an important issue or event affecting the stock market
Here’s a commentary on an important issue or event affecting the stock market
Which companies are distributing dividends? Are you entitled to receive dividend income? Find out here!
Just signup below for free: