Technicals Talk: Cebu Air, Inc. (CEB) – 19 Feb 2024 by AP Securities
Potential Cup and Handle pattern.
Potential Cup and Handle pattern.
After several attempts since last month, DNL finally broke above the 200-D moving average (MA) last Friday, gaining 3.95% and formed a rounding bottom pattern which suggests that a trend reversal to the upside is highly likely.
MONDE logged its 13th straight trading day in the greens, RSI levels are hitting the roof, levels at 85.79.
Potential inverse head and shoulder pattern.
The PSEi surged by +0.34% w-o-w to close at 6,873.23, marking its fourth winning streak.
Movements might stay range-bound for now, as the PSEi reinforces a firmer base at 6,800.
Bearish divergence on RSI.
Sentiment might sway to Wall Street’s lead, with improved liquidity returning to equities.
Our recommendation and 1-year Target Price for this stock is
Our recommendation and 1-year Target Price for this stock is
Our recommendation and 1-year Target Price for this stock is
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