Technicals Talk: Megaworld Corp.(MEG) – 7 Jun 2023 by AP Securities
Ascending triangle pattern.
Ascending triangle pattern.
The index appears to have hold from its previous support levels and has started to rebound.
LTG gapped down from its 9.90 support last May 25 and hit a low of 9.35.
Potential strong support at 38.20% Fibonacci retracement level.
Strong support at 38.20% Fibonacci Retracement levels.
Previous resistance became support.
Bullish hammer at critical support areas.
Strong bullish candle for a bounce.
SM settles lower on its upward range giving investors a chance to
The index closed slightly higher at 6,520.44 settling near 6,500.
ICT closed at 201.00, slightly below the 200-day EMA but still up by 3.08%.
We suggest investors hold until the stock becomes oversold.
URC shares fell on yesterday’s bearish market, closing the day down by -3.31%.
Breakout above 200EMA.
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