{"id":327904,"date":"2024-05-15T06:25:00","date_gmt":"2024-05-14T22:25:00","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=327904"},"modified":"2024-05-15T09:07:58","modified_gmt":"2024-05-15T01:07:58","slug":"technicals-talk-digiplus-interactive-corp-plus-15-may-2024-by-rcbc-securities","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/technicals-talk-digiplus-interactive-corp-plus-15-may-2024-by-rcbc-securities\/","title":{"rendered":"Technicals Talk: DigiPlus Interactive Corp. (PLUS) – 15 May 2024 by RCBC Securities"},"content":{"rendered":"
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Summary of Technical Analysis<\/h2>\n\n\n\n
Stock Code<\/strong><\/td>PLUS<\/td><\/tr>
Company Name<\/strong><\/td>DigiPlus Interactive Corp.<\/td><\/tr>
Broker<\/strong><\/td>RCBC Securities<\/td><\/tr>
Opinion Issued on<\/strong><\/td>15 May 2024<\/td><\/tr>
Price Support<\/strong><\/td>PHP 12.30<\/td><\/tr>
Price Resistance<\/strong><\/td>PHP 20.00<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Year-to-date, the share price of PLUS has surged by 77% and is currently showing signs of forming a cup and handle pattern. <\/p>\n\n\n\n

This pattern is considered as a bullish continuation pattern, suggesting that the price might continue to rise once the pattern is completed. <\/p>\n\n\n\n

Should the stock break out of this pattern, the projected price target is approximately P20.00, offering a potential upside of around 40% from its current levels. This projected target aligns with the 161.8% Fibonacci extension level, which acts as a future area of resistance. <\/p>\n\n\n\n

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

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

Considering these factors, our recommendation is to buy PLUS on breakout. <\/p>\n\n\n\n

However, in the event that the stock fails to break out of the aforementioned pattern, it may experience a pullback towards its support level of P12.30.<\/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":"

Year-to-date, the share price of PLUS has surged by 77% and is currently showing signs of forming a<\/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-327904","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\/327904","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=327904"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/327904\/revisions"}],"predecessor-version":[{"id":327909,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/327904\/revisions\/327909"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=327904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=327904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=327904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}