{"id":329110,"date":"2024-08-21T06:18:06","date_gmt":"2024-08-20T22:18:06","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329110"},"modified":"2024-08-21T09:06:42","modified_gmt":"2024-08-21T01:06:42","slug":"technicals-talk-manila-electric-company-mer-21-aug-2024-by-regina-capital-development-corp","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/technicals-talk-manila-electric-company-mer-21-aug-2024-by-regina-capital-development-corp\/","title":{"rendered":"Technicals Talk: Manila Electric Company (MER) – 21 Aug 2024 by Regina Capital Development Corp."},"content":{"rendered":"
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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>21 Aug 2024<\/td><\/tr>
Price Support<\/strong><\/td>PHP 400.57<\/td><\/tr>
Price Resistance<\/strong><\/td>PHP 428.00<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

MER stocks saw a surge in price levels last Friday and are now currently consolidating along a range of 414.00-429.00. <\/p>\n\n\n\n

Despite this, a bullish outlook is ahead. Momentum saw a mild slowdown, although RSI still sits at a very bullish level at 65.26. MACD and +DI show steep buying sentiments and green histograms. <\/p>\n\n\n\n

Given these indicators, it is recommended to buy on pullbacks. <\/p>\n\n\n\n

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

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

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

Weekly target: 429.00.<\/p>\n\n\n\n

Support: 400.57.<\/p>\n\n\n\n

Resistance: 428.00.<\/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":"

MER stocks saw a surge in price levels last Friday and are now currently consolidating along a range of 414.00-429.00.<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-329110","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\/329110","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\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=329110"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329110\/revisions"}],"predecessor-version":[{"id":329112,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329110\/revisions\/329112"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}