{"id":325425,"date":"2023-10-20T06:06:18","date_gmt":"2023-10-19T22:06:18","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=325425"},"modified":"2023-10-20T09:51:50","modified_gmt":"2023-10-20T01:51:50","slug":"technicals-talk-megaworld-corp-meg-20-oct-2023-by-regina-capital-development-corp","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/technicals-talk-megaworld-corp-meg-20-oct-2023-by-regina-capital-development-corp\/","title":{"rendered":"Technicals Talk: Megaworld Corp (MEG) – 20 Oct 2023 by Regina Capital Development Corp."},"content":{"rendered":"
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\"\"<\/figure><\/div>\n\n\n
<\/div>\n\n\n\n

Summary of Technical Analysis<\/h2>\n\n\n\n
Stock Code<\/strong><\/td>MEG<\/td><\/tr>
Company Name<\/strong><\/td>Megaworld Corp.<\/td><\/tr>
Broker<\/strong><\/td>Regina Capital Development Corp.<\/td><\/tr>
Opinion Issued on<\/strong><\/td>20 Oct 2023<\/td><\/tr>
Price Support<\/strong><\/td>PHP 2.01 \/ 2.00<\/td><\/tr>
Price Resistance<\/strong><\/td>PHP 2.04 \/ 2.05<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Another landslide for MEG! The stock once again formed a waterfall move as it declined steeply yesterday. Intraday, it reached the 2.01 level. <\/p>\n\n\n\n

Looking at the indicators, the RSI is poised for a negative crossover, indicating that the stock may tumble further, while the RSI remains in the neutral zone. <\/p>\n\n\n\n

Key support area that we are seeing is at 2.00-2.01 level. <\/p>\n\n\n\n

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

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

Buy when support holds.<\/p>\n\n\n\n

Weekly target: 2.05.<\/p>\n\n\n\n

Support: 2.01 \/ 2.00.<\/p>\n\n\n\n

Resistance: 2.04 \/ 2.05.<\/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":"

Another landslide for MEG! The stock once again formed a waterfall move as it <\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-325425","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\/325425","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\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=325425"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/325425\/revisions"}],"predecessor-version":[{"id":325427,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/325425\/revisions\/325427"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=325425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=325425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=325425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}