Technicals Talk: International Container Terminal Services, Inc. (ICT) – 4 May 2023 by AP Securities
Positive Momentum Indicator.
Positive Momentum Indicator.
Market investors will digest the Fed’s widely-expected 25bps rate hike move, and balance Fed chair Powell’s latest statement for clues on its sequel move.
Recovering momentum on RSI and Stochastics.
Potential bounce at 50.00% Fibonacci retracement levels.
Breakout of ascending triangle pattern.
SM shares have risen strongly, closing now above all of its MAs.
ALI shares have finally gone up after consolidating at 25-26 areas.
The index continues to break above its previous resistance level with the index now finishing at 6,672 after a bullish run.
The only counter so far is on the current turnover, as some might be bidding for time ahead of results from the Fed meeting.
Recovering momentum on RSI and Stochastics.
Symmetrical triangle pattern.
JFC traded higher last Friday to close at 225.00, up by 2.74%.
The index is trying to break above 6600 levels. Support levels are at
Momentum is expected to continue, as focus shifts to latest inflation in May, 1Q earnings as well as dividend season for several listed firms this May.
Recovering momentum on RSI and Stochastics.
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