Technicals Talk: Aboitiz Power Corp. (AP) – 17 May 2024 by Regina Capital Development Corp.
AP is currently consolidating within a narrow range of 35.45-36.00 trading below all moving averages.
AP is currently consolidating within a narrow range of 35.45-36.00 trading below all moving averages.
ALI is currently moving sideways with an upward bias as buying volume was significantly strong for the past trading days.
Double bottom pattern.
Breakout of symmetrical triangle pattern.
JFC stock price is currently moving sideways in the range of 218.40-240 which reflects indecision in the market.
The local bourse closed positive at 6628.20 after a sell-down the other day.
Sentiment might glide to US equitiesā ascent, as slower inflation in April support hopes for the Fedās rate cut.
GLO is currently moving sideways with a strong upward bias as it closed above its immediate resistance at
Year-to-date, the share price of PLUS has surged by 77% and is currently showing signs of forming a
MWC is on an uptrend and continues to create a new 52wk high.
The local bourse closed higher at 6608.36.
Sessions might glide to Wall Streetās incline, given indications from Fed chief Powell on interest rates.
Sessions might move sideways, possibly with an upward bias, as investors sift through select shares with attractive valuation.
The weekās attention would be on the local central bankās policy meeting, specifically on officialsā outlook on interest rates given the latest April inflation & 1Q24 GDP data.
The PSEi retreated by -1.57% w-o-w to close at 6,511.93.
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