Technicals Talk: Megaworld Corp.(MEG) – 19 May 2023 by AP Securities
Recovering momentum on RSI and Stochastics.
Recovering momentum on RSI and Stochastics.
Breakout of 200EMA levels and downtrend Channel.
Recovering momentum on RSI.
Higher planes are in store for local equities, on prospects for status quo on domestic interest rates & possible consideration for cuts in reserve requirement.
RRHI is currently on a downtrend channel since the start of the year and is tracking its 50-day EMA as its resistance.
Bullish engulfing pattern at previous neckline levels.
Recovering momentum on RSI.
Sessions might be range-bound, as participants sift through latest retail sales growth in the US against economic growth outlook.
Potential bounce at 200EMA levels.
Higher sessions are seen, as participants position for possible status quo from local monetary authorities from Thursday’s policy meeting.
Previous resistance is a potential support.
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
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