{"id":325433,"date":"2023-10-23T06:18:06","date_gmt":"2023-10-22T22:18:06","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=325433"},"modified":"2023-10-23T09:27:56","modified_gmt":"2023-10-23T01:27:56","slug":"technicals-talk-manila-electric-company-mer-23-oct-2023-by-regina-capital-development-corp","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/technicals-talk-manila-electric-company-mer-23-oct-2023-by-regina-capital-development-corp\/","title":{"rendered":"Technicals Talk: Manila Electric Company (MER) – 23 Oct 2023 by Regina Capital Development Corp."},"content":{"rendered":"
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<\/div>\n\n\n\n

Summary of Technical Analysis<\/h2>\n\n\n\n
Stock Code<\/strong><\/td>MER<\/td><\/tr>
Company Name<\/strong><\/td>Manila Electric Company<\/td><\/tr>
Broker<\/strong><\/td>Regina Capital Development Corp.<\/td><\/tr>
Opinion Issued on<\/strong><\/td>23 Oct 2023<\/td><\/tr>
Price Support<\/strong><\/td>PHP 361.40<\/td><\/tr>
Price Resistance<\/strong><\/td>PHP 389.00<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Last week, MER reached another 52-wk high! <\/p>\n\n\n\n

Based on the performance of MER during the recent trading sessions, the demand from the market participants does not seem to falter yet. <\/p>\n\n\n\n

The RSI is on a healthy region at 57.62, while the MACD signals weakening buying pressure. All its significant MAs are beautifully placed in a bullish alignment. <\/p>\n\n\n\n

With the prior rallies coupled with heavy volume, there is a big chance that MER could still continue to go upward. <\/p>\n\n\n\n

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

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

Buy during pullbacks.<\/p>\n\n\n\n

Weekly target: 395.00.<\/p>\n\n\n\n

Support: 361.40.<\/p>\n\n\n\n

Resistance: 389.00.<\/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":"

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