{"id":325259,"date":"2023-10-09T06:12:00","date_gmt":"2023-10-08T22:12:00","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=325259"},"modified":"2023-10-09T09:05:21","modified_gmt":"2023-10-09T01:05:21","slug":"technicals-talk-metropolitan-bank-and-trust-company-mbt-9-oct-2023-by-rcbc-securities","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/technicals-talk-metropolitan-bank-and-trust-company-mbt-9-oct-2023-by-rcbc-securities\/","title":{"rendered":"Technicals Talk: Metropolitan Bank and Trust Company (MBT) &#8211; 9 Oct 2023 by RCBC Securities"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"480\" src=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-content\/uploads\/2023\/10\/Screenshot-2023-10-09-at-9.03.48-AM-1024x480.png\" alt=\"\" class=\"wp-image-325262\" srcset=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-content\/uploads\/2023\/10\/Screenshot-2023-10-09-at-9.03.48-AM-1024x480.png 1024w, https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-content\/uploads\/2023\/10\/Screenshot-2023-10-09-at-9.03.48-AM-768x360.png 768w, https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-content\/uploads\/2023\/10\/Screenshot-2023-10-09-at-9.03.48-AM-1536x719.png 1536w, https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-content\/uploads\/2023\/10\/Screenshot-2023-10-09-at-9.03.48-AM-2048x959.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Summary of Technical Analysis<\/h2>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Stock Code<\/strong><\/td><td>MBT<\/td><\/tr><tr><td><strong>Company Name<\/strong><\/td><td>Metropolitan Bank and Trust Company<\/td><\/tr><tr><td><strong>Broker<\/strong><\/td><td>RCBC Securities<\/td><\/tr><tr><td><strong>Opinion Issued on<\/strong><\/td><td>9 Oct 2023<\/td><\/tr><tr><td><strong>Price Support<\/strong><\/td><td>PHP 52.00 \/ 51.00<\/td><\/tr><tr><td><strong>Price Resistance<\/strong><\/td><td>PHP 54.85<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>MBT traded lower last Friday, by 0.76% to close at 52.20. The stock is in a downtrend channel after it topped at 60.00 last July. <\/p>\n\n\n\n<p>MBT formed a lower high at 54.85 then it started to slide down to its immediate support at 52.00. <\/p>\n\n\n\n<p>Its RSI is pointing south, heading to oversold conditions, while the MACD line crossed below the signal line and shows negative momentum. <\/p>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Our Partner Broker&#8217;s Recommendation<\/h2>\n\n\n\n<p>For those who are looking to accumulate, buy as long as 52.00 support holds. Otherwise, next support is at 51.00.<\/p>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p style=\"font-size:16px\"><em><em>This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about <a href=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/our-partner-brokers\/\">our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MBT traded lower last Friday, by 0.76% to close at 52.20. <\/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-325259","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\/325259","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=325259"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/325259\/revisions"}],"predecessor-version":[{"id":325264,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/325259\/revisions\/325264"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=325259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=325259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=325259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}