{"id":328256,"date":"2024-06-19T06:25:00","date_gmt":"2024-06-18T22:25:00","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=328256"},"modified":"2024-06-19T09:04:00","modified_gmt":"2024-06-19T01:04:00","slug":"technicals-talk-bank-of-the-philippine-islands-bpi-19-jun-2024-by-rcbc-securities","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/technicals-talk-bank-of-the-philippine-islands-bpi-19-jun-2024-by-rcbc-securities\/","title":{"rendered":"Technicals Talk: Bank of the Philippine Islands (BPI) – 19 Jun 2024 by RCBC Securities"},"content":{"rendered":"
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Summary of Technical Analysis<\/h2>\n\n\n\n
Stock Code<\/strong><\/td>BPI<\/td><\/tr>
Company Name<\/strong><\/td>Bank of the Philippine Islands<\/td><\/tr>
Broker<\/strong><\/td>RCBC Securities<\/td><\/tr>
Opinion Issued on<\/strong><\/td>19 Jun 2024<\/td><\/tr>
Price Support<\/strong><\/td>PHP 115.00<\/td><\/tr>
Price Resistance<\/strong><\/td>PHP 129.50<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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After hitting a 6-yr high at 129.50, BPI retreated by as much as 10% and broke below the downtrend line. Currently, it is testing the 115.00 support level, where the 200-D moving average (MA) also lies. <\/p>\n\n\n\n

With RSI now trading in the oversold territory, it is possible that BPI will rebound or consolidate above the mentioned support level in the next trading sessions. <\/p>\n\n\n\n

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

For those looking to enter, it is recommended to exercise caution and wait for a rebound before slowly accumulating positions. <\/p>\n\n\n\n

If BPI fails to hold above 200-D MA, it may continue its downtrend and revisit the 106 support level.<\/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":"

BPI has been on a steady downtrend since mid-January and has settled just above its major support at PHP<\/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-328256","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\/328256","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=328256"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328256\/revisions"}],"predecessor-version":[{"id":328258,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328256\/revisions\/328258"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=328256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=328256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=328256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}