Technicals Talk: BDO Unibank (BDO) – 19 Dec 2022 by Regina Capital Development Corp.
Overall, with the expectation that a reprieve in BDO’s price would likely take place this week, the stock is still to
Overall, with the expectation that a reprieve in BDO’s price would likely take place this week, the stock is still to
Recovering momentum on RSI.
Previous breakout of ascending triangle pattern.
Bullish hammer at previous breakout levels.
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.
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