Technicals Talk: Manila Water Company (MWC) – 15 May 2023 by Regina Capital Development Corp.
MWC shares have been on an upward trend, trading above the 20-peso range, above its 50- d MA of 19.10.
MWC shares have been on an upward trend, trading above the 20-peso range, above its 50- d MA of 19.10.
Potential trail at 200EMA levels.
This could be a confirmation that the index will we ranging down back to
Attention will be on the local central bankβs policy meeting this week, as participants weigh possibilities for a status quo, or parallel rate hike move from the Fed.
MONDE has been on a steady downtrend since January losing 37%, as it took a steep fall last March.
Inverse head and shoulder pattern at critical support levels.
Inverse head and shoulder pattern at critical range support levels.
MA 100 seems to be acting as a resistance at 6,683.43.
Price above 200EMA.
Positive momentum Indicator.
DNL continues its third day of straight losses.
Price rejection near 200EMA levels.
Potential bounce at 200EMA trail.
After a huge pullback coming from 6,700 yesterday, the index has formed a bullish doji and managed to stay above 6,600 levels.
Movements might stay range-bound, as participants digest 1Q23 results from select large caps.
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