Technicals Talk: Petron Corp. (PCOR) – 29 May 2022 by RCBC Securities
PCOR broke out of the parallel channel last May 23 and rallied by as much as 22% from the breakout level.
PCOR broke out of the parallel channel last May 23 and rallied by as much as 22% from the breakout level.
AC shares are on an upward trend, trading above all of its MAs.
The index continues to move in a range as prices fall back to 6,560.
Recovering momentum on RSI and Stochastics.
After recording its new 52-week high at 156.50 on May 8, URC plummeted by 6.7% as of yesterday’s close at 146.00.
Participants may be on wait-and-see mode, if Thursday’s trades would mimic previous session’s MOC-boost.
FGEN remains unchanged yesterday, closed at PHP 20.95 after reaching its new 52-week high and turned resistance of PHP
Potential breakout of ascending triangle patterns and 200EMA.
Ascending triangle pattern.
Sentiment might drift to Wall Street’s overnight weakness (DJIA -0.69%, Nasdaq Comp. -1.26%) as fund managers trail the progress of US debt ceiling negotiations.
LTG reached its new 52-week high at 10.62 last May 11 and formed a
Breakout of consolidation.
52-week high levels.
Our recommendation and 1-year Target Price for this stock is
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