DMCI Holdings (stock symbol: DMC) has now sported an ascending channel after price eased toward 52. A layer of support around 49-52 could give this stock a lift in the near-term.
Mid-term support is seen just above 48. The Relative Strength Index indicator (RSI) is just above 40, following a steady decline since the start of this month. It is notable that price reversed around this same level last month (coinciding with the lower channel). Will it happen again?
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