{"id":328382,"date":"2024-07-08T06:13:16","date_gmt":"2024-07-07T22:13:16","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=328382"},"modified":"2024-07-08T09:28:40","modified_gmt":"2024-07-08T01:28:40","slug":"technicals-talk-bdo-unibank-inc-bdo-8-jul-2024-by-rcbc-securities","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/technicals-talk-bdo-unibank-inc-bdo-8-jul-2024-by-rcbc-securities\/","title":{"rendered":"Technicals Talk: BDO Unibank, Inc. (BDO) – 8 Jul 2024 by RCBC Securities"},"content":{"rendered":"
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Summary of Technical Analysis<\/h2>\n\n\n\n
Stock Code<\/strong><\/td>BDO<\/td><\/tr>
Company Name<\/strong><\/td>BDO Unibank, Inc.<\/td><\/tr>
Broker<\/strong><\/td>RCBC Securities<\/td><\/tr>
Opinion Issued on<\/strong><\/td>8 Jul 2024<\/td><\/tr>
Price Support<\/strong><\/td>PHP 135.00<\/td><\/tr>
Price Resistance<\/strong><\/td>PHP 143.00 \/ 147.50<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

BDO’s share price has been forming lower highs and lower lows since reaching its all- time high of 160.70, creating a downward channel. Last week, the stock gained 8%, broke out of the bearish channel, and is now attempting to breach the 200-day moving average. <\/p>\n\n\n\n

A successful breakout may lead to a continuation of the rally and a retest of the 143.00 resistance level. Furthermore, it is still far from the overbought territory, leaving room for potential further upside. <\/p>\n\n\n\n

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

For those looking to take positions, we recommend buying on the breakout. The next resistance levels are at 143.00 and 147.50. <\/p>\n\n\n\n

However, it fails to breach the 200-D EMA, wait for a pullback around the 135.00 support before buying.<\/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":"

BDO’s share price has been forming lower highs and lower lows since reaching its all- time high of 160.70, creating a downward channel.<\/p>\n","protected":false},"author":1685,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-328382","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\/328382","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=328382"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328382\/revisions"}],"predecessor-version":[{"id":328385,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328382\/revisions\/328385"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=328382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=328382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=328382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}