{"id":329791,"date":"2024-10-07T06:25:00","date_gmt":"2024-10-06T22:25:00","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329791"},"modified":"2024-10-07T09:22:33","modified_gmt":"2024-10-07T01:22:33","slug":"technicals-talk-monde-nissin-corp-monde-7-oct-2024-by-rcbc-securities","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/technicals-talk-monde-nissin-corp-monde-7-oct-2024-by-rcbc-securities\/","title":{"rendered":"Technicals Talk: Monde Nissin Corp. (MONDE) – 7 Oct 2024 by RCBC Securities"},"content":{"rendered":"
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Summary of Technical Analysis<\/h2>\n\n\n\n
Stock Code<\/strong><\/td>MONDE<\/td><\/tr>
Company Name<\/strong><\/td>Monde Nissin Corp.<\/td><\/tr>
Broker<\/strong><\/td>RCBC Securities<\/td><\/tr>
Opinion Issued on<\/strong><\/td>7 Oct 2024<\/td><\/tr>
Price Support<\/strong><\/td>PHP 10.50<\/td><\/tr>
Price Resistance<\/strong><\/td>PHP 11.00<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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MONDE’s share price consolidated for two weeks following a 13% increase in mid-September. <\/p>\n\n\n\n

Last Friday, MONDE broke out of this consolidation with high volume, gaining 6.5% and forming a golden cross pattern, indicating that the uptrend may continue. <\/p>\n\n\n\n

The immediate resistance is at 11.00, and if surpassed, the stock could retest the 11.25 and 11.56 levels. <\/p>\n\n\n\n

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

For those looking to accumulate MONDE, consider starting at current levels or wait for a retest and bounce from the 10.50 level, as its RSI is nearing the overbought zone, which may trigger profit-taking. <\/p>\n\n\n\n

Set trailing stops at the 200-day EMA.<\/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":"

MONDE’s share price consolidated for two weeks following a 13% increase in mid-September.<\/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-329791","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\/329791","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=329791"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329791\/revisions"}],"predecessor-version":[{"id":329794,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329791\/revisions\/329794"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}