{"id":324393,"date":"2023-08-10T06:12:47","date_gmt":"2023-08-09T22:12:47","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=324393"},"modified":"2023-08-10T09:14:43","modified_gmt":"2023-08-10T01:14:43","slug":"technicals-talk-wilcon-depot-wlcon-10-aug-2023-by-rcbc-securities","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/technicals-talk-wilcon-depot-wlcon-10-aug-2023-by-rcbc-securities\/","title":{"rendered":"Technicals Talk: Wilcon Depot (WLCON) – 10 Aug 2023 by RCBC Securities"},"content":{"rendered":"
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Summary of Technical Analysis<\/h2>\n\n\n\n
Stock Code<\/strong><\/td>WLCON<\/td><\/tr>
Company Name<\/strong><\/td>Wilcon Depot, Inc.<\/td><\/tr>
Broker<\/strong><\/td>RCBC Securities<\/td><\/tr>
Opinion Issued on<\/strong><\/td>10 Aug 2023<\/td><\/tr>
Price Support<\/strong><\/td>PHP 22.00 \/ 21.30<\/td><\/tr>
Price Resistance<\/strong><\/td>PHP 24.00<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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WLCON traded higher yesterday by 0.66% to close at 22.85. It recently dipped to its 52-week low at 21.30 and bounced as it hit oversold conditions. <\/p>\n\n\n\n

The stock gained 7.27% from its low to its current price and since the stock is in a downtrend channel, it needs to break 24.00 to confirm the trend reversal. <\/p>\n\n\n\n

At current levels, RSI is trending upwards, while its MACD line is about to cross above the signal line which is a bullish signal. <\/p>\n\n\n\n

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

Accumulate if it breaks and stays above 22.85 as it may trade higher to its next resistance at 24.00. <\/p>\n\n\n\n

Otherwise, immediate support is at 22.00 then at 21.30.<\/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":"

WLCON traded higher yesterday by 0.66% to close at 22.85. It recently dipped to <\/p>\n","protected":false},"author":1685,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-324393","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\/324393","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=324393"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/324393\/revisions"}],"predecessor-version":[{"id":324395,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/324393\/revisions\/324395"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=324393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=324393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=324393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}