Technical Analysis - MJC, ION, GERI - November 29, 2017
Manila Jockey Club Inc (MJC) continues to record higher highs. The moving averages are bullishly aligned. Volume though is starting to decline, suggesting a possible bearish divergence. MACD is still bullish. RSI is also bullish but is at overbought levels. Support is estimated at 3.95 while resistance is expected at 4.25 followed by 4.59.
Price-Volume Distribution
Majority of the volume was…
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