Technicals Talk: Cebu Air, Inc. (CEB) – 29 Feb 2024 by AP Securities
Cup and handle pattern.
Cup and handle pattern.
Ascending triangle pattern.
Shares have been falling for the past couple of weeks.
BDO is on its 4th consecutive day of descent, with the MACD’s histograms expanding bearishly.
The local bourse ended the trading session down by -0.45% to 6,861.
Another range-bound session is seen, with the month-end portfolio rebalancing.
Recovering momentum on RSI and Stochastics.
Uptrend Channel.
The buying pressure of GTCAP does not seem to falter despite signs of being overbought as the stock reached another 52-wk high last week.
The PSEi inched up by +0.58% w-o-w to close at 6,913.21, marking a five-week winning streak.
The uptrend for BLOOM still hasn’t faltered yet as the stock rose by +2.48% to 11.58 in yesterday’s trading day.
Shares have been consolidating within a range as the stock’s 50-d MA catches up with the share’s LTP.
The local bourse ended the trading session with a +0.08% uptick, reaching 6,903.15.
Sentiment might sway to Wall Street’s incline (DJIA +1.18%, Nasdaq Comp. +2.96%), as economic & corporate earnings growth prospects are highlighted anew.
Our recommendation and 1-year Target Price for this stock is
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