Commentary: PHL’s unemployment rate drops to 18-year low
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
Strong momentum on RSI and Stochastics.
Ascending triangle pattern.
Descending triangle pattern.
Weak Momentum on RSI and Stochastics.
BLOOM banked today’s trading session, leading the index members with a gain of +3.02% at 9.90.
Shares saw selling pressure build up as the stock failed to breach through its resistance.
Rebounding after plunging below the 6200 level, the index managed to close yesterday’s session with a gain of +1.03% at 6,292.39.
ALI gained by as much as 21% after bouncing from its support at 26.20 which was the swing low last Sept 20 and broke out of its sideways or rectangle pattern.
Follow-through buying might be visible, as fund managers seize on the recent drop to position.
Bullish divergence on RSI.
Price near multi-year low.
Gauges might need to stabilize above 6,200 for now, to support sturdier ascents towards 6,400-6,500.
Stochastics at oversold territory.
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