Technicals Talk: LT Group, Inc. (LTG) – 10 Nov 2023 by AP Securities
Downtrend channel.
Downtrend channel.
Shooting star pattern.
With the prior rally, JFC seems to be cooling down as it ended at 218.40 yesterday.
The PSEI showed strength once again as it added +33.19pts or +0.54%, ending at 6,188.22 in yesterday’s trade.
Share prices would balance-off stronger-than-estimated 3Q GDP with the Fed’s reiteration to keep monetary policies tight to meet their inflation goal.
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Market investors will get feelers on 3Q23 GDP results (from +4.3% in 2Q23), and balance prospects towards 2024.
Bullish engulfing pattern.
In our view, SMPH could now take off anytime soon. Intraday, the stock fell until
Inverse head and shoulder pattern breakout.
The local bourse successfully rallied for the second straight day as the technical bounce in the market remained strong.
Follow-through response to tamer inflation in October might support sequel buying in equities.
ACEN closed at 5.45 yesterday, up by 1.30%. The stock is forming
Potential descending triangle pattern.
AC has been trading sideways between the 600.00 to 630.00 range for 2 months now and currently hovering below its 100-day MA which has been acting as resistance since mid-June.
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