{"id":327119,"date":"2024-03-11T06:13:00","date_gmt":"2024-03-10T22:13:00","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=327119"},"modified":"2024-03-11T09:22:59","modified_gmt":"2024-03-11T01:22:59","slug":"technicals-talk-china-banking-corp-chib-11-mar-2024-by-rcbc-securities","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/technicals-talk-china-banking-corp-chib-11-mar-2024-by-rcbc-securities\/","title":{"rendered":"Technicals Talk: China Banking Corp. (CHIB) – 11 Mar 2024 by RCBC Securities"},"content":{"rendered":"
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Summary of Technical Analysis<\/h2>\n\n\n\n
Stock Code<\/strong><\/td>CHIB<\/td><\/tr>
Company Name<\/strong><\/td>China Banking Corp.<\/td><\/tr>
Broker<\/strong><\/td>RCBC Securities<\/td><\/tr>
Opinion Issued on<\/strong><\/td>11 Mar 2024<\/td><\/tr>
Price Support<\/strong><\/td>PHP 33.80 \/ 33.05<\/td><\/tr>
Price Resistance<\/strong><\/td>PHP 35.00 \/ 35.30<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

After rallying by 12% in February, CHIB\u2019s share price has pulled back and is currently consolidating for almost a month. It is attempting to form a bullish pennant flag pattern, which signals a continuation of the uptrend. <\/p>\n\n\n\n

A break above the pattern or a candle close above it would serve as bullish confirmation. The measured price target should it breakout of the pattern is around 38.80. <\/p>\n\n\n\n

On the other hand, a failed breakout signals a potential correction or reversal in the price movement. <\/p>\n\n\n\n

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

For those considering taking positions, it is advisable to buy once the stock breakout to the upside and closes above the pattern. <\/p>\n\n\n\n

Immediate resistance levels are at 35.00 and 35.30, while support levels are at 33.80 and 33.05.<\/p>\n\n\n\n

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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":"

After rallying by 12% in February, CHIB\u2019s share price has pulled back and is currently consolidating for almost a month.<\/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-327119","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\/327119","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=327119"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/327119\/revisions"}],"predecessor-version":[{"id":327121,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/327119\/revisions\/327121"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=327119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=327119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=327119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}