{"id":323812,"date":"2023-06-26T06:12:00","date_gmt":"2023-06-25T22:12:00","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=323812"},"modified":"2023-06-26T16:30:31","modified_gmt":"2023-06-26T08:30:31","slug":"technicals-talk-jg-summit-holdings-inc-jgs-26-jun-2023-by-rcbc-securities","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/technicals-talk-jg-summit-holdings-inc-jgs-26-jun-2023-by-rcbc-securities\/","title":{"rendered":"Technicals Talk: JG Summit Holdings, Inc. (JGS) – 26 Jun 2023 by RCBC Securities"},"content":{"rendered":"
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<\/div>\n\n\n\n

Summary of Technical Analysis<\/h2>\n\n\n\n
Stock Code<\/strong><\/td>JGS<\/td><\/tr>
Company Name<\/strong><\/td>JG Summit Holdings, Inc.<\/td><\/tr>
Broker<\/strong><\/td>RCBC Securities<\/td><\/tr>
Opinion Issued on<\/strong><\/td>26 Jun 2023<\/td><\/tr>
Price Support<\/strong><\/td>PHP 41.75 \/ 40.00 <\/td><\/tr>
Price Resistance<\/strong><\/td>PHP 44.60 \/ 46.75<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

JGS declined almost 13% week on week as the stock has been on a slide for the fifth consecutive session. It also fell below the support line of its descending channel at P44.60 last Friday. <\/p>\n\n\n\n

However, JGS entered into oversold territory, hitting a RSI reading of 29.65. <\/p>\n\n\n\n

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Our Partner Broker’s Recommendation<\/h2>\n\n\n\n

We could look at JGS’s oversold condition as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for the opportunities to accumulate on the stock. <\/p>\n\n\n\n

Immediate support is at 41.75 then 40 while immediate resistance is at 44.60 then 46.75.<\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

JGS declined almost 13% week on week as the stock has been on a slide for the fifth consecutive session.<\/p>\n","protected":false},"author":1685,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-323812","post","type-post","status-publish","format-standard","hentry","category-technicals-talk","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/323812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/1685"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=323812"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/323812\/revisions"}],"predecessor-version":[{"id":323815,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/323812\/revisions\/323815"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=323812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=323812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=323812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}